Nykaa to launch IPO on October 28 to raise ₹5,200 crore: Report

FSN E–Commerce Ventures, a digital native client technology platform that runs Nykaa and Nykaa Fashion, has set to launch its initial public providing (IPO) on October twenty eight. The supply can shut on Hallowmass.

The company plans to boost Rs five,351.92 large integer through its public issue at the higher value band. the worth band has been fastened at Rs one,085-1,125 a share. FSN E–Commerce Ventures is promoted by Falguni Nayar and backed by non-public equity firm TPG.

Bids may be created for a minimum of twelve shares and in multiples of twelve shares thenceforth. Retail investors will invest a minimum of Rs thirteen,500 for one ton and a most of Rs one,89,000 for fourteen tons

The share allotment are finalised on Gregorian calendar month eight. Refunds are given on Gregorian calendar month nine investors can get shares in their demat accounts on Gregorian calendar month ten. mercantilism can start from Veterans’ Day.

The mercantilism includes a recent issue of Rs 630 large integer and a suggestion purchasable (OFS) of four.197 large integer equity shares by the promoters and investors.

While the Sanjay Nayar Family Trust can dispose to forty eight 100000 equity shares, investors TPG Growth IV SF Pte Ltd can offload over fifty four.21 100000 shares and tower India Fund III can sell forty eight.44 100000 shares through the OFS.

Yogesh Agencies & Investments non-public Ltd can offload over twenty five.38 100000 shares, and JM money and Investment practice Services nine.14 100000 shares. There ar sixteen shareholders WHO ar sellers.

Lighthouse India III worker Trust, Sunil Immanuel Kant Munjal, Harindarpal Singh Banga, together with Indra Banga, Narotam Sekhsaria, Rishabh Mariwala, Jeenoo Khakhar, together with Kanika Khakhar and Isha Khakhar, archangel Sanchez, Samina Hamied, Sanjay Maliah, Vikram Sud, and Karan Swani ar among the sellers.

Up to 2.5 100000 equity shares ar put aside for workers.

Nykaa can use world wide web issue for investment in subsidiaries (FSN Brands and / or Nykaa Fashion). it’ll be used for gap retail stores, for cost and investment in subsidiaries (Nykaa E-Retail, Nykaa Fashion and FSN Brands), new warehouses, and reimbursement of debt.

The issue will be utilized to boost complete visibility and awareness, besides general company functions.

Incorporated in 2012, FSN E–Commerce Ventures could be a digital native client technology platform, delivering a content-led, style retail expertise. it’s a various portfolio of beauty, care and fashion product, together with own product. the corporate operates its beauty and private care through the Nykaa vertical, and attire and accessories via the Nykaa Fashion channel.

It additionally runs offline channels, comprising eighty stores across forty cities in India over 3 completely different formats, as of August 2021.

As of August 2021, it offered some three.1 million SKUs (stock-keeping units) from four,078 national and international brands across business verticals. In FY21, its total GMV (gross marketing value) was at Rs four,045.98 crore, that grew fifty.7 % from FY20.

The main promoters Falguni Nayar Family Trust and Sanjay Nayar Family Trust presently hold forty five.99 % equity stake within the company. Public shareholders have forty five.78 % belongings within the company. They embody Steadview Capital Mauritius, TPG Growth IV SF, tower India Fund III, Fidelity Securities Fund, and Kravis Investment Partners LLC.

Kotak Mahindra Capital Company, Morgan Stanley India Company, BofA Securities India, Citigroup international Markets India, ICICI Securities, and JM money ar the book-running lead managers.

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