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Nykaa IPO: The first public offering price range is ₹1,085-1,125 per share. Nykaa has stated that the earnings from the IPO would be used to open additional retail locations, support capital expenditures, and settle debts. ....
FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, on Wednesday said it has raised Rs 2,396 crore from anchor investors ahead of its initial share-sale, which opens for public subscription on Thursday. The company has decided to allocate a total of 21,296,397 equity shares to anchor investors at Rs 1,125 a share, ....
The company has decided to allocate a total of 21,296,397 equity shares to anchor investors at Rs 1,125 a share, aggregating to Rs 2,395.84 crore. ....
According to the draft papers, the company plans to use the proceeds from the IPO for expansion, by setting up new retail stores and establishing new warehouses. ....