Nykaa IPO to open on Oct 28, should you apply or avoid?

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The initial public offering (IPO) of FSN E-Commerce Ventures, the parent company of India’s biggest cosmetics and personal care products e-tailer Nykaa is slated to open on October 28.

Nykaa was founded in 2012 by investment banker Falguni Nayar. The firm is a new-age digital retail platform delivering a content-led, lifestyle retail experience to consumers. It has a diverse portfolio of authentic beauty brands from across the globe, personal care, and fashion products, including brand products manufactured by it.

As of March 2021, the company had cumulative downloads of 43.7 million across all mobile applications and 86.7% of its online gross merchandise value came through its mobile applications.

Watch the full video to know more about the IPO…