One of India’s premier beauty and wellness product retailers FSN E-Commerce Ventures Ltd (Nykaa), is going live with its public issue on 28 October 2021. The IPO will remain open for 3 days and close on 1 November 2021. As per reports, the company has plans to generate about Rs. 5,200 crores and this will include an anchor placement of Rs. 2340 crores on 27 October 2021.
Nykaa IPO in Details
Besides the anchor placement, the company has expanded its fresh issue equity portion from Rs. 525 crores to Rs. 630 crores. Simultaneously, the company has also reduced its OFS from 43.11 million shares to 41.97 million shares. Also, the company is planning to list its shares on 11 November 2021.
Furthermore, investors who are taking part in this offer for sale include –
- Lighthouse India Fund III
- Sanjay Nayar Family Trust
- Sunil Kant Munjal
- TPG Growth IV SF Pte
- JM Financial and Investment Consultancy Services
- Rishabh Mariwala
- Harindarpal Singh and Indra Banga
- Samina Hamied
- Narotam Sekhsaria
- Jeenoo Khakhar, Kanika Khakhar and Isha Khakhar
- Mala Gaonkar
- Michael Carlos
- Vikram Sud
- Sanjay Maliah
- Karan Swani
- Yogesh Agencies and Investments
Furthermore, Sanjay Nayar Family Trust and Falguni Nayar Family Trust have 25.72% and 22.33% stake in this company, respectively.
Moving ahead, the book running lead managers for this public issue is –
- JM Financial
- Citigroup Global Markets India
- Kotak Mahindra Capital
- Bofa Securities
- Morgan Stanley India
- ICICI Securities
Along with this, the objectives of this FSN E-Commerce Ventures Ltd IPO are –
- 35 crores to fund the establishment of retail store for its FSN brands
- 130 crores to repay the company’s current debts
- 35 crores to meet various capital expenditures
- 200 crores to increase the visibility of the brands
Besides the particulars of this public issue, you should also know the financials of the company before investing.
Financial Overview of Nykaa
Here is an overview of the company financials for the last three fiscal years –
| Financial Year | Total Asset | Total Income | Total Expenses | Total Profit |
| March 2021 | Rs. 13,019.90 | Rs. 24,526.37 | Rs. 23,772.99 | Rs. 619.45 |
| March 2020 | Rs. 11,244.82 | Rs. 17,778.50 | Rs. 17,902.80 | Rs. (163.40) |
| March 2019 | Rs. 7,756.57 | Rs. 11,163.82 | Rs. 11,481.02 | Rs. (245.39) |
** Note: Amount mentioned in Millions
Bottom Line
The rise of Nykaa has been a noticeable one, as the company has grown prominently, and it is the only unicorn startup in India that has registered profit in the previous fiscal year. It is one of India’s leading beauty and wellness startups, offering a lifestyle retail experience to its users. Hence, the announcement of the Nykaa IPO going live is undoubtedly good news for prospective investors.
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Frequently Asked Questions
- What is the face value of Nykaa IPO shares?
The face value of Nykaa IPO shares is Rs. 1 per equity share.
- What is the price band of Nykaa IPO?
The price band of Nykaa IPO shares is not available yet.
- Who is the registrar of Nykaa IPO?
Link Intime India Private Limited is the registrar of this public issue.
