Home / Markets / IPO / Nykaa IPO to open on October 28; priced at Rs 1,085-1,125 apiece

Nykaa IPO to open on October 28; priced at Rs 1,085-1,125 apiece

Nykaa IPO: At the top-end of the band, the beauty startup will be valued at Rs 53,200 crore

Nykaa gets Sebi nod for IPO, may launch Rs 5,300-cr offer by month-end

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Nykaa’s IPO will require a compulsory 75 per cent qualified institutional buyer (QIB) participation as it has incurred losses in two of the previous three financial years

Samie Modak Mumbai

3 min read Last Updated : Oct 27 2021 | 9:59 AM IST

FSN E-Commerce Ventures, operator of Nykaa beauty stores, has fixed the price band of Rs 1,085-Rs 1,125 for its maiden public share sale. The initial public offering (IPO) will remain open on October 28 and close on November 1.

At the top-end, the beauty startup will be valued at Rs 53,200 crore ($7 billion).

Nykaa’s IPO will consist of fresh equity issuance of Rs 630 crore and secondary share sale of Rs 4,722 crore. More than a dozen entities are divesting their holdings in the IPO. Some of them include promoters Falguni Nayar and Sanjay Nayar (through Sanjay Nayar Family

Topics : IPO Nykaa initial public offerings

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