Falguni Nayar, the founder, and her family will continue to own majority stake in the multi-brand beauty and personal care platform even after the IPO.
“Primarily, it will be an offer for sale (OFS) by initial investors and about 10-15% of the offered size is a fresh issue,” said one of the persons quoted above.
The company has appointed investment banks such as Kotak Mahindra Capital, BofA Securities, ICICI Securities, Citibank, Morgan Stanley and
JM Financial to manage its public issue.
Nykaa is among the only few profit-making etailers in India. It reported a net profit of Rs 61.96 crore for FY21 compared to a net loss of Rs 16.34 crore in FY20.
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