- The anchor placement of up to ₹2,340 crore will open up a day in advance.
Nykaa ’s IPO would consist of a fresh issue of equity shares worth ₹630 crore.- A total of 17 investors — both institutional and individual — will be shelling out a part of their shareholdings with Nykaa’s public issue.
The anchor placement of up to ₹2,340 crore will open up a day in advance, on October 27.
The IPO will go on till November 1, 2021, the company red herring prospectus (RHP) has revealed.
The price band has been fixed at ₹1,085-₹1,125 per equity share, as per a Moneycontrol $4. However, Nykaa's RHP doesn't reveal the price band.
The company has not revealed the amount it intends to raise in its red herring prospectus, which is the preliminary paperwork for public issue. Economic Times $4 the ₹5,300 crore IPO size citing
Nykaa’s IPO would consist of a fresh issue of $4and existing investors in the company will sell part of their stakes amounting to 4.3 crore equity shares. The company gots Securities and Exchange Board of India’s approval last week.
According to sources quoted by The Economic Times, the company will seek a valuation of $7 billion with this public issue. This is a nearly five-fold jump from the last reported $1.2 billion valuation.
$4 — both institutional and individual — will be shelling out a part of their shareholdings with Nykaa’s public issue.
Nykaa, in its DRHP, has revealed that the net processed would be used for five purposes.
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