Nykaa’s public offer to open on October 28
The Hindu
FSN E–Commerce Ventures, which owns Nykaa and Nykaa Fashion, has fixed a price band of ₹1,085-1,125 per share for its initial public offer (IPO)that opens for subscription on October 28, and which is
FSN E–Commerce Ventures, which owns Nykaa and Nykaa Fashion, has fixed a price band of ₹1,085-1,125 per share for its initial public offer (IPO)that opens for subscription on October 28, and which is set to raise more than ₹5,000 crore.
The offer comprises a fresh issue of equity shares aggregating up to ₹630 crore and an offer for sale of up to 41,9,72,660 equity shares being offered by the selling shareholders. The offer will close on November 1, 2021.
Existing investors TPG Growth IV SF Pte, Lighthouse India Fund and others are expected to offload their shares in the IPO.
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