Nykaa Updates Its Latest Equity Offer to Raise 630 Crore in IPO

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Nykaa Updates Its Latest Equity Offer to Raise
630 Crore in IPO
Nykaa IPO News A marketplace that is primarily
focused on beauty, Nykaa has updated its red
prospectus for herrings (DRHP) to boost the value
of its new offering by Rs 100 crore. Based on
regulatory reports, Nykaa is now seeking to raise
around 630 crore in IPO. In August, the
company stated within the DRHP, that it
planned to raise 525 crore through the
forthcoming Initial public offer (IPO). According
to media reports, Nykaa could raise 500 million
(Rs 4000 crore) however, the company did not
reveal the exact amount of its IPO it had
announced in the DRHP at a price of between
4.5-5 billion (Rs 35,000-40,000
crore). According to sources in the industry the
company has been granted acceptance from SEBI for
the public listing of its stock and will likely
be listed at the exchange before the end of the
month.
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• Planning of lower stakes in Nykaa IPO
• Nykaa will use the fresh funds to open warehouses
  and stores as well as to fund operations online
  and also repay its borrowers. Promoter Sanjay
  Nayar Family Trust and Nykaa's investors
  Lighthouse, TPG Growth, Sunil Munjal among others
  will lower their stakes in the planned Nykaa IPO.
• If the company is listed at 4.5-5 billion, it
  would be a 2.5X increment from the 1.8 billion
  value in November of 2020 when Massachusetts-based
  Fidelity Investments had picked up additional
  shares of the Mumbai-based company.
• Contrary to most companies that are preparing for
  public listing, Nykaa is a profitable venture.
  Based on its DRHP report, the company reported
  the sum of Rs 61.94 crore in profit and operating
  revenues of
• 2440.89 crore for the fiscal which ended March
  2021.
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  company in the D2C segment
• The fact that promoters are a part of Nykaa
  differs from other IPO-bound businesses. Falguni
  along with Sanjay Nayar, along with their trusts
  of family members hold 53 percent of the company
  with a variety of rights that are favorable.
• Nykaa is also older than the other internet-based
  consumer businesses that are preparing to go
  public. It was founded in 2012 by Nayyar back in
  the year 2012 Nykaa is able to fulfill more than
  60,000 daily orders it claims that they have
  more than 15 million users registered.
  There are 73 physical stores spread across 38
  cities across India with three stores at the
  close of FY21.
• If you want to stay updated with the
  latest ongoings in the start-up industry,
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