Nykaa IPO: India Startup Nykaa Is Said To Seek $4 Billion Valuation In IPO bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
MUMBAI: The much talked about initial public offering (IPO) for food delivery major Zomato is set to open on July 14 and close on July 16. Under Sebi rules, the stock will be listed before the end of the current month, most likely by July 27, market sources said. The shares of the company are being offered at a price band of Rs 72-76 each, BSE disclosures showed.
The app-based food delivery major, in which listed technology company Info Edge holds a substantial stake, aims to raise about Rs 9,375 crore. Of the total issue size, shares worth about Rs 375 crore are in an offer for sale by the tech entity.
Indian cosmetics retailer Nykaa looks to list at $4.5b valuation
Photo: Nykaa
June 2, 2021
Nykaa plans to go public later this fiscal at a valuation of $4.5 billion, a sharp rise from its earlier valuation of more than $3 billion, as the beauty retailing startup gains from a marked shift towards online sales during the pandemic.
Nykaa, founded by former investment banker Falguni Nayar, will keep unchanged the size of the public offering at between $500 million and $700 million, said two people directly aware of the internal discussions. Both declined to be named as the talks are private.
They said the rise in Nykaa’s overall valuation is led by a spurt in revenue and profit for the e-commerce platform, primarily due to covid-related disruptions, which has pushed more consumers to purchase online.
Nykaa Store
Beauty retailing startup Nykaa is targeting to go public later this fiscal year at a valuation of $4.5 billion as the size of the initial public offering (IPO) will be kept between $500 million-$700 million.
Individuals close to the developments told the
Mint that the companyâs valuation is driven by a pump in their revenue and profit as the Covid-19 pandemic pushed consumers to tilt more towards online purchases.
Nykaaâs holding company FSN Ecommerce Ventures Pvt Ltd is slated to file in the draft red herring prospectus by the end of July or early June and the IPO is subsequently expected to take off in the final quarter of the ongoing fiscal.