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Nykaa next in line; files DRHP for IPO The DRHP stated that existing shareholders could sell as many as 43.1 million shares. The company is seeking a valuation of more than $4 billion Falguni Nayar s Nykaa files initial papers for IPO BusinessToday.In Updated Aug 03, 2021, 8:29 AM IST E-commerce platform for beauty products, Nykaa, has filed preliminary documents for an initial public offering (IPO) as a long line of companies plan to list on the bourses. The entity that operates Nykaa, FSN E-Commerce Ventures Ltd, said it would raise as much as $70.6 million by selling new equity in the offering, as per its draft red herring prospectus (DRHP).

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