Nykaa’s IPO to open tomorrow — check last date, listing date and more

• Nykaa IPO will open for subscription between October 28 and November 1, with a price band of ₹1,085 to ₹1,125.
• The beauty and fashion ecommerce platform intends to raise ₹5,352 crore through this public issue.
• Nykaa intends to use this capital for repayment of loans, acquisition of business and marketing expenses.

Nykaa’s initial public offering (IPO) is the most sought after event in the startup ecosystem, right after the blockbuster debut of Zomato in July.

The IPO will open for subscription between October 28 and November 1, with a price band of ₹1,085 to ₹1,125. An investor will have to subscribe to a minimum of 12 shares.

The anchor placement will open today (October 27).

Events	Date
IPO open date	October 28
IPO close date	November 1
Basis of allotment	November 8
Initiation of refunds	November 9
Credit of shares to demat account	November 10
IPO listing date	November 11

Source: Angel Broking

The beauty and fashion ecommerce platform — which comes under FSN E-commerce Ventures — intends to raise ₹5,352 crore.

Nearly ₹630 crore will be raised through fresh issue of shares. According to Nykaa’s red herring prospectus, 17 investors — both institutional and individuals — would sell 4.3 crore equity shares as part of this IPO.

Shareholders	Offered shareholding
Sanjay Nayar Family Trust*	Up to 4,800,000
TPG Growth IV SF Pte. Ltd	Up to 5,421,510
Lighthouse India Fund III, Limited	Up to 4,844,620
Lighthouse India III Employee Trust	Up to 51,530
Yogesh Agencies & Investments Private Limited	Up to 2,538,450
J M Financial and Investment Consultancy Services Private Limited	Up to 914,000

Source: Nykaa’s RHP

Nykaa intends to use this capital for acquisition of customers as well as new businesses. Besides this, the company plans to increase its international presence by foraying into the Middle East as well as the United Kingdom, before stepping into Europe.

A part of these issues will also be used by Nykaa to set up more retail stores and warehouses to promote its ecommerce business. The company will use ₹156 crore to repay its debts and ₹234 for marketing expenses, as per the RHP.

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