Nykka IPO 2021 see details before buying.

 Fashion and beauty product maker Nykaa's IPO will open for subscription on October 28.  Through this IPO, this company is preparing to raise Rs 5200 crore from the market. Anchor investors will be able to bid for shares a day before the IPO opens.

Nykaa IPO: Nykaa's IPO will open for subscription on October 28, know full details before investing.

Nykka IPO
New Delhi :-  FSN E-Commerce Ventures Ltd., which operates Nykaa's online marketplace for beauty products, will open its IPO for subscription on October 28.  Through this IPO, this 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.

See details before buying Nykka IPO. 

 Let us tell you that recently the market regulatory body SEBI approved 6 companies including Nykaa and Adani Wilmar to launch IPO.  According to information received from SEBI, these six companies had filed their initial IPO papers with SEBI between May and August.  These companies had received their comments from SEBI during October 11 to 14.  In the parlance of SEBI, issue of comments means to issue an IPO.

 The promoters under the Offer for Sale (OFS) are Sanjay Nair Family Trust and shareholders, TPG Growth IV SF Pte Ltd, Lighthouse India Fund III, Lighthouse India III Employees Trust, Yogesh Agencies & Investments, JM Financial & Investment Consultancy Services and certain individual shareholders on their own  will sell the shares.

Nykka IPO open for subscription. 

 The Nykaa IPO will open for subscription on October 28 and investors will be able to bid for shares of the company till November 1.  According to chittorgarh.com, the probable price band for the issue is Rs 1,120-1,125 and the lot size is 13.  However, the company has not yet officially confirmed the price band.

Nykka IPO investing value. 

 Let us inform you that the firm has increased the size of its fresh issue from Rs 525 crore to Rs 630 crore.  At the same time, the size of the Offer for Sale (OFS) has been reduced from 43.11 million shares to 41.97 million shares.  SEBI approved Nykaa to launch an IPO on October 11.

Maximum purchase nykka IPO. 

 The principal book running managers of the issue are Kotak Mahindra Capital, Morgan Stanley India, BofA Securities, Citigroup Global Markets India, ICICI Securities and JM Financial.  The shares of the company will also be listed on BSE and NSE.

 Nykaa to launch IPO on October 28, aims to raise Rs 5,200 crore

 Nykaa, an online retailer of cosmetics and personal care products, will launch its three-day initial public offering (IPO) on October 28.  According to a report in Economics Times, the company will raise an amount of Rs 5,200 crore through this.  ET has been told by people with knowledge of the matter.

The value of nykka IPO. 

 According to the report, a person told that on Wednesday, October 27, anchor placement of up to Rs 2,340 crore will open.  And the IPO will close on Monday, November 1.  The Rs 5,200 crore Nykaa IPO consists of a primary issue of Rs 630 crore shares and an offer for sale in which existing shareholders will offload up to 43.11 million shares.  This information is according to the draft Red Hering Prospectus (DRHP) of the company approved by the Securities and Exchange Board of India (SEBI).

 Investors who are expected to sell their stake include TPG, Light House India Fund, JM Financial, Yogesh Agencies, Sunil Kant Munjal, Harinderpal Singh Banga, Narotam Sekhsaria and Mala Gaonkar.  Promoter Sanjay Nair Family Trust will sell 4.8 million shares.  Founder Falguni Nair and his family will continue to have ownership rights even after the IPO.  Currently, he holds over 53 per cent stake in Nykaa's parent company FSN E-Commerce Ventures.

 Price band will be decided next week
 Another person who knew the details related to Nykaa's IPO told ET that the company is looking to raise a valuation of around $7.4 billion in the IPO.  According to this person, the price band will be decided by the beginning of next week.  Kotak Mahindra Capital, BofA Securities, ICICI Securities, Citibank, Morgan Stanley and JM Financial are the book running lead managers of the issue.

Profitable IPO in India nykka IPO. 

 Nykaa is one of the few less profitable etailers in India.  The company had a net profit of Rs 61.96 crore in the quarter ending March 31.  The company had to face a loss of Rs 16.34 crore in the year-ago period.  Revenue has grown by 38 per cent year-on-year to Rs 2,453 crore in FY21.  The company had earlier said that it would use the Rs 130 crore proceeds from the IPO to repay its debt.  And it will market the brands worth Rs 200 crores.

Post a Comment

Previous Post Next Post

Contact Form