Nykaa plans to raise up to Rs 5,200 crore through IPO coming next week
Nykaa IPO will be open for subscription from October 28 to November 1
- Last Updated:October 22, 2021, 08:51 IST
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Nykaa, one of the most popular online marketplaces for beauty and wellness products in India is all set to launch its initial public offering on October 22, according to sources. The retailer plans to raise up to Rs 5,200 crore through IPO coming next week. Nykaa IPO will be open for subscription from October 28 to November 1, according to Economic Times. The anchor issue to raise up to Rs 2,340 crore will open on October 27, one day prior to Nykaa IPO.
The Rs 5,200-crore Nykaa IPO will include a primary issue of stocks worth Rs 630 crore and an offer for sale for 43.11 million shares, according to the company’s draft red herring prospectus (DRHP) approved by the Securities and Exchange Board of India (SEBI).
The Mumbai-based company has appointed Kotak Mahindra Capital, BofA Securities, ICICI Securities, Citibank, Morgan Stanley and JM Financial to manage its public issue.
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Source: News18