Beauty & Fashion Ecommerce Unicorn Nykaa Gets SEBI Nod For IPO

Beauty & Fashion Ecommerce Unicorn Nykaa Gets SEBI Nod For IPO

SUMMARY

The company is likely to hit the market for its INR 4,000 Cr IPO within the next 10 days, sources told Inc42

It has increased its fresh issue size to INR 630 Cr from its initial value of INR 525 Cr

According to the DRHP, Nykaa posted a profit of INR 61.9 Cr in FY21 against a loss of INR 16.3 Cr in FY20. The ecommerce platform had posted a loss of INR 24.5 Cr in FY19

FSN E-commerce Ventures, which runs the online lifestyle marketplace Nykaa has received the approval of the Securities and Exchange Board of India (SEBI) for its INR 4,000 Cr initial public offering (IPO), an Inc42 source said.

The IPO is likely to hit the public market in the next 10 days, the source added. 

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