IPO

                    Initial Public Offer - (IPO)   



Nykaa IPO 


IPO details:
 
Price: ₹1085–₹1125 per equity share
Quantity: 12 equity shares
Maximum cart value: ₹13,500
IPO dates: 28th October - 1st November 2021
Listing  date: 11th November 2021
Nykaa - FSN E-Commerce Ventures
12Min. quantity
₹1085 - ₹1125Price range
₹5324 CrIPO Size

IPO Timeline

Application start
28-10-2021
Application end
01-11-2021
Allotment begins
08-11-2021
Refund Initiation
09-11-2021
Allotment date
10-11-2021
Listing on exchange
11-11-2021
Registrar information
Name
Shanti Gopalkrishnan
Contact no.
+91 022 4918 6200
Email ID
nykaa.ipo@linkintime.co.in

Company details

Incorporated in 2012, omnichannel company FSN E-Commerce Ventures’  Nykaa has redefined the way Indians shop for beauty products. The company was started by an ex-investment banker, Falguni Nayar, whose aim was to deliver beauty products to women, even in the remote corners of India. With the right investments in marketing and warehousing, their business grew. Today, Nykaa is a mostly online lifestyle-focused technology platform targeting Indian men and women. It sells around 100 products per minute. Its products range from luxury gowns to health supplements.

The offer for sale comprises shares of founders/promoters Falguni Nayar and Sanjay Nayar. They along with their respective family trusts own around 54.3%, which is about 25.3 crore shares.

Reasons for going public and objective of the IPO

The company is launching the IPO to raise funds. With the proceeds from the IPO, Nykaa will spend:

  • ₹35 crore to set-up new retail stores for some of its units
  • ₹35 crore  to set up new warehousing
  • ₹200 crore for marketing of its brand
  • ₹130 crore for repayment of its loans
  • 25% of net proceeds for general corporate purposes

Shareholders of Nykaa

Following is the list of the top shareholders of the company.