With the market rebounding well, a positive market environment and the Sensex marching to new record highs, October is likely to be a busy month for upcoming IPO 2023. India’s first women led profitable unicorn Nykaa is looking at being listed in the Indian stock market this month.
About the company
Nykaa is an Indian, multi beauty care e-commerce company, founded by Falguni Nayar in 2012 and headquartered in Mumbai. It specializes in facilitating an extensive collection of beauty, wellness and fashion products and other luxury and wellness products across websites, mobile apps and offline stores.
It is the preferred destination for luxury products in India for consumers and brands. Nykaa is combination of strong growth and profitability. It’s a founder led company supported by professional management team. The company’s total assets as on 2020 are at Rs.1778 crores and profits at Rs.2453 crores in 2021.
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Nykaa IPO date
Nykaa is set to go live with its IPO starting from October 28, 2021 and will be open for subscription till November 1, 2021 .
Nykaa IPO issue size
Nykaa IPO issue size is stated to be around Rs 5351.92, which shall include a primary issue of stock worth as much as Rs 630 crore, and an offer for sale wherein existing shareholders will offload up to 43.11 million shares.
Nykaa IPO share price
The share price of Nykaa IPO is expected to be around Rs 1125 per share.
Nykaa IPO listing
Since the IPO of Nykaa is from the main board, it would be listed on both the National Stock Exchange as well as the Bombay Stock Exchange.
Nykaa IPO objectives
The objective is fulfillment of general corporate purposes, to meet its capital expenditure requirements and expand operations in growing markets.
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