Nykaa offer alone may see bids worth anything between Rs 80,000 -Rs 90,000 crore in the HNI category, says a report
The firm is a new-age digital retail platform delivering a content-led, lifestyle retail experience to consumers.
The retail brand is going public at a valuation of a little over $7 billion
Nykaa has fixed the price band for the issue at Rs 1,085-1,125 per share. Investors can bid for a minimum of 12 shares & in multiples, thereafter.
SEBI recently gave a go-ahead for IPOs to companies like Paytm, Nykaa, Fino Payments, Policybazaar, Adani Wilmar and Star Health & Allied Insurance
The IPO comprises fresh issue of equity shares worth Rs 525 crore and an OFS of 43,111,670 equity shares
So far, in 2021, as many as 40 companies have floated their IPOs to raise Rs 64,217 crore.
It may come as a surprise that people have chosen to buy makeup and personal care products even as they postpone other expensive purchases today
The company plans to Rs 525 crore via fresh equity. Promoters and investors will be selling up to 4.3 crore shares via offer for sale.
While Nykaa is expected to launch the IPO with an issue size of Rs 5000 crore, PolicyBazaar is looking to raise Rs 6,500 crore