Initial Public Offer - (IPO)
IPO Timeline
Registrar information
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.