Nykaa next in line; files DRHP for IPO
The DRHP stated that existing shareholders could sell as many as 43.1 million shares. The company is seeking a valuation of more than $4 billion
Falguni Nayar's Nykaa files initial papers for IPO
BusinessToday.In
Updated Aug 03, 2021, 8:29 AM IST
E-commerce platform for beauty products, Nykaa, has filed preliminary documents for an initial public offering (IPO) as a long line of companies plan to list on the bourses. The entity that operates Nykaa, FSN E-Commerce Ventures Ltd, said it would raise as much as $70.6 million by selling new equity in the offering, as per its draft red herring prospectus (DRHP).