Giving information on Monday, Nykaa, a company owned by FSN E-Commerce Ventures Limited, said that it has fixed a price band of Rs 1,085 to 1,125 per share for its Initial Public Offering (IPO). Which will open for subscription later this week. The company’s IPO will open for subscription on October 28. The company’s launch IPO consists of a fresh issue of equity shares of up to Rs 630 crore and an offer for sale of 41,972,660 equity shares being offered by the selling shareholders (Offer for Sale or OFS).
The offer includes 2,50,000 reserve equity shares for purchase by eligible employees. Through this IPO, the company is preparing to raise Rs 5,200 crore from the market. Anchor investors will be able to bid for 23.40 crore shares of the company, a day before the company’s IPO opens.
Recently, the market regulatory body SEBI approved 6 companies including Nykaa and Adani Wilmar to launch IPO. These six companies had filed their initial IPO papers with SEBI between May and August. These companies were given their comments by SEBI from October 11 to 14. In SEBI parlance, issue of comments means to issue an IPO.
Promoter Sanjay Nair Family Trust and Shareholders under Offer for Sale (OFS), TPG Growth IV SF Pte Ltd, Lighthouse India Fund III, Lighthouse India III Employees Trust, Yogesh Agencies & Investments, JM Financial & Investment Consultancy Services and Some individual shareholders will sell their shares.
Nykaa is a digitally native consumer technology platform. It provides lifestyle related products to the consumers. These include their own brand products from beauty, personal care and fashion.
