Nykaa Block Deal: Banga Family to Sell 2.1% Stake Worth ₹1,200 Crore

Harindarpal Singh Banga and Indra Banga are planning to sell 2.1% of their stake in FSN E-Commerce, which owns Nykaa. This sale will happen through bulk deals on the stock exchange.

Deal Size and Pricing

The plan is to sell up to 6 crore shares at a minimum price of ₹200 per share. This price is 5.5% lower than Nykaa’s closing price of ₹211.59 on Wednesday. At this floor price, the total deal size comes to ₹1,200 crore (about $140 million).

Lock-up Period

After this transaction, the selling group cannot sell any more shares for 45 days. This restriction helps maintain market stability.

Role of Placement Agents

Goldman Sachs (India) Securities and JP Morgan India Private Limited are managing this 100% secondary sale. However, there is no guarantee that all shares offered will be bought due to the trading mechanics on exchanges. Also, foreign investors can only buy shares within the legal investment limits.

As of March 31, Harindarpal Singh Banga held 4.97% of Nykaa, or about 14.2 crore shares.

Nykaa’s Growth Plans

Nykaa recently shared its business roadmap. In beauty and personal care, it aims for 25% annual growth in gross merchandise value (GMV) until FY30. The company’s quick delivery service, Nykaa Now, is already live in 7 cities across more than 40 stores.

In fashion, Nykaa targets 3–4 times GMV growth by FY30. It plans to break even on EBITDA by FY26 and reach mid-to-high single-digit margins by FY28. The House of Nykaa beauty line is expected to hit ₹6,000 crore in GMV by FY30, showing about 30% annual growth.

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Nykaa Share Price Movement

On July 3, 2025, at 9:07 am IST, Nykaa share price was trading at ₹205.00, down ₹6.59 or 3.11%. The stock opened, reached its high, and touched its low all at ₹205.00. The company has a market capitalisation of ₹58,630 crore, a P/E ratio of 891.30, and a 52-week range between ₹154.90 and ₹229.80.

Conclusion

The Banga family’s large block deal shows significant stake reshuffling at Nykaa. While this sale may impact short-term stock sentiment, the company’s strong growth plans in beauty and fashion could support its long-term prospects.

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