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ipo: Nykaa files papers with Sebi for IPO - The Economic Times

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.

ipos: Nykaa, Policybazaar to file papers to raise Rs 11,000 crore via IPOs

TPG Growth, Steadview Capital, Fidelity, and Hero Group chairman Sunil Kant Munjal are some of the investors in Nykaa. The company has appointed investment banks such as Kotak Mahindra Capital, Citibank, ICICI Securities, Morgan Stanley, and Bank of America to manage its public issue. On July 16, the company changed its status from a private company to public by changing the name from FSN e-commerce Ventures Private Limited to FSN e-commerce Ventures Limited. Nykaa would be the fourth startup to file its DRHP after Zomato, Paytm, and MobiKwik Systems. Paytm has filed DRHP for an IPO to raise Rs 16,600 crore and Mobikwik has filed for a Rs 1,900-crore IPO this month.

Byju s can t stop, won t stop

Byju s can t stop, won t stop
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