IPO worth Rs.  The beauty retailer is likely to cost Nyaka more than Rs 40,000 crore;  SEBI approves Rs 4,000 crore Nyaka IPO

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IPO worth Rs. The beauty retailer is likely to cost Nyaka more than Rs 40,000 crore; SEBI approves Rs 4,000 crore Nyaka IPO – nixatube

IPO worth Rs. The beauty retailer is likely to cost Nyaka more than Rs 40,000 crore; SEBI approves Rs 4,000 crore Nyaka IPO

Nykaa wants to raise Rs 525 crore by issuing new equity in the IPO. The company is also considering a secondary share sale of 4.31 crore shares.

The IPO is expected to cost beauty retailer Nykaa more than Rs 40,000 crore

Falguni Nair (58) is the founder and CEO of 9-year-old company Nykaa. Nair has done MBA-Finance from IIM-Ahmedabad.

Nykaa IPO: The Securities and Exchange Board of India (SEBI) has approved Nykaa’s initial public offering (IPO) of Rs 4,000 crore. Online beauty retail startup Rs. More than Rs 40,000 crore is likely. Nyaka is planning to raise Rs 525 crore by issuing new equity. Apart from the new issue, the company is also looking at secondary share sales of 4.31 crore shares.

Rs. Most of the Rs 4,000 crore will be used to pay existing investors to sell their stakes. The shareholders who sold the shares include Sanjay Nair, TPG, Lighthouse and Sunil Munjal.

Nykaa is one of the most unique startups to enter the public markets in India, as it is the only profitable unicorn to go public. It is one of the only new-age companies in India, where, with a value of 1 1 billion, its promoter group holds more than half the stake.

The company was founded in 2012 by former investment banker Falguni Nair and is a leading destination for beauty products, generating 250 million (FY 2020) from its chain of physical outlets. Its investors include TPG and Fidelity.

Nykaa now has more than 1,500 brands in its portfolio, including leading luxury labels such as Bobby Brown, L’Occitane and Estee Lauder, and has also opened 68 stores across the country. Nayaka had a revenue of Rs 1,860 crore in FY20, which is probably the only profitable unicorn to be unveiled.

Kotak Mahindra Capital, Bofa Securities, Citi, JM Financial, Morgan Stanley and ICICI Securities are the i-bankers working on the issue.

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