From cosmetics company Nykaa to food delivery app Zomato, many well-known companies opened their public issue for subscription this year.
The actor and beauty start-up Nykaa co-own a beauty brand and she was there as a business partner
The shares have performed well on the stock market, with the market capitalisation crossing Rs 1 lakh crore
Even after selling 4.8 million shares via the IPO, Nayar, along with her husband and twin children, continues to own more than half of the company, valuing her stake at $7 billion.
FSN E-Commerce Ventures Ltd is listed in ‘B’ Group Securities, on the BSE, under the Internet and catalogue retail industry
After the shares have been allotted, investors who were deemed ineligible will get their refunds on 9 November and on 10 November, the equity shares will be credited to the demat accounts of the investors
The company has decided to allocate a total of 21,296,397 equity shares to anchor investors at Rs 1,125 a share, aggregating to Rs 2,395.84 crore, according to a circular uploaded on the BSE website
The company’s IPO will have equity shares worth Rs 4,721 crore as an offer for sale (OFS) by existing investors and the promoter.
Multi-brand beauty retailer Nykaa raises Rs 100 crore from private equity firm TPG Growth, total valuation at Rs 5,000 crore
Nykaa founder and CEO Falguni Nayar has said that the company is looking to push its new initiatives like Nykaa Man and fashion and apparel categories
Nykaa has reportedly raised Rs 255 crore so far and this excludes the TPG Capital's investment offer.
Online penetration of retail in India is still around some 20 per cent, in fact some 10 per cent for most categories.
Nykaa’s strategy is mall-led and the firm hopes to touch a turnover of Rs 100 crore pretty soon, says Falguni Nayar, CEO, Nykaa.