Nykaa IPO price band set at ₹1085-1125 per share

The issue will open for subscription on October 28 and close on November 1.

NS ₹5,200 crore Nykaa IPO involves primary issue of equity shares ₹630 crores, above one ₹525 million previously planned, and proposed sale of 41.97 million shares by existing shareholders.

The firm plans to list on November 11.

Investors who will sell their shares 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 , jointly with Narottam. Shekhsaria, Rishabh Mariwala, Mala Gaonkar, Jeenu Khakhar, Kanika Khakhar and Isha Khakhar, jointly with 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 23.67% stake respectively in the firm.

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

Nykaa will allocate ₹42 crores to invest in FSN Brands or Nykaa Fashions, from issue to funding for setting up of new retail stores. one more ₹42 crore and ₹156 crore will be used for capital expenditure and repayment of debt. Will also use Nykaa ₹234 crores to increase the visibility and awareness of its brands.

Nykaa was founded in 2012 by investment banker Falguni Nair and is 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, including brand products manufactured by it.

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