Nykaa announces IPO launch date

According to sources, the firm is planning to raise as much as ₹5,200 crore and anchor placement will open on October 27 ₹2,340 crores.

The firm has extended its latest issue ₹630 crores already ₹525 crores. Offer for sale has come down from 43.11 million shares to 41.97 million shares. The company is planning to list on November 11.

Investors who sold in OFS include Sanjay Nair Family Trust, TPG Growth IV SF Pte, Lighthouse India Fund III, Yogesh Agencies & Investments, JM Financial & Investment Consultancy Services, Sunil Kant Munjal, Harinderpal Singh Banga, Indra Banga, Narottam Jointly with Shekhsaria. Rishabh Mariwala, Mala Gaonkar, Jeenu Khakhar jointly with Kanika Khakhar and Isha Khakhar, Michael Carlos, Samina Hamid, Sanjay Maliyah, Vikram Sood and Karan Swani.

At present, Falguni Nair Family Trust and Sanjay Nair Family Trust hold 22.33% and 25.72% stake respectively in the firm.

Kotak Mahindra Capital, Morgan Stanley India, BofA Securities, Citigroup Global Markets India, ICICI Securities, JM Financial are the book running lead managers to the issue.

Nykaa will be allotted ₹35 crore from the issue to invest in its FSN Brands or Nykaa Fashions for funding the setting up of new retail stores. one more ₹35 crore and ₹130 crore will be used for capital expenditure and debt repayment.

Will also use Nykaa ₹200 crores for spending to increase visibility and awareness of its brands.

Nykaa was founded in 2012 by investment banker Falguni Nair and is currently a leading player in the online beauty aggregator segment.

The firm is a digitally native consumer technology platform, which provides consumers with a content-based, lifestyle retail experience. It has a diverse portfolio of beauty, personal care and fashion products, which includes its proprietary brand products manufactured by it.

As of March 2021, the company had a cumulative download of 43.7 million across all of our mobile applications and 86.7% of its online GMV came through its mobile application.

Its offline channel includes 73 physical stores across 38 cities in India in three different store formats – Nykaa Lux, Nykaa On Trend and Nykaa Kiosk.