Tag: Indian Market
The share sale will value the company at as much as $7.1 billion, giving Nayar and her family a combined net worth of about $3.5 billion if it meets the target. FSN E-Commerce Ventures, the formal entity that operates Nykaa, on Friday set a range of Rs. 1,085 – Rs. 1,125 a share.
Nykaa was promoted by former Kotak investment banking head honcho, Falguni Nayar. The promoter and the family trusts will also participate in the OFS, but will continue to remain majority shareholders post the IPO. Nykaa offers a digital platform to sell beauty and fashion care products as well as apparel and accessories of marquee brands.
Summary of Financial Information (Restated Consolidated)
| Particulars | For the year/ period ended (RS. In millions) | ||||
| 30-Jun-21 | 30-Jun-20 | 30-Mar-21 | 30-Mar-20 | 30-Mar-19 | |
| Total Assets | 16,314.82 | 10,071.84 | 13,019.90 | 11,244.82 | 7,756.57 |
| Total Revenue | 8,217.14 | 2,910.46 | 24,526.37 | 17,778.50 | 11,163.82 |
| Profit After tax | 35.22 | (545.07) | 619.45 | (163.40) | (245.39) |
Nykaa had filed a draft prospectus for its IPO in August this year. The upcoming IPO includes a fresh issue of shares worth Rs 630 crore and an offer for sale (OFS) which will see existing investors offload up to 4.197 crore equity shares, according to the final prospectus.
The online retailer posted a net profit of Rs 62 crore in FY21 compared to a loss of Rs 16.3 crore in FY20. Nykaa’s total income stood at Rs 2,452.6 crore in FY21, a 37.9% growth from Rs 1,777.8 crore in FY20. Its expenses stood at Rs 2,377.2 crore in FY21, a 32.7% increase from Rs 1,790.2 crore in FY20.
Opening date of the IPO is 28th October 2021 and closing date for the IPO is 1st November 2021. Issue type is Book Built Issue IPO. Nykaa has a face value of Rs. 1 per equity share. Nykaa IPO is a main-board IPO of equity shares of the face value of ₹1 aggregating up to ₹5,351.92 Crores. Listing date of IPO is on 11th November 2021.
The main-board IPO of equity share 41,972,660 offered for sale is aggregating up to Rs. 4,721.92 Crores. Pre-issue shares holding for the promoters is 54.22% while Post-issue shares holding for the promoters is 52.56%.
Leading managers of Nykaa IPO are BoFA Securities India Limited, Citigroup Global Market India Private Limited, ICICI Securities Limited, JM Financial Consultants Private Limited, Kotak Mahindra Capital Company Limited, Morgan Stanley India Company Pvt Ltd. Lead manager reports performance tracker and list of IPOs handling
IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
| Minimum | 1 | 12 | Rs. 13,500 |
| Maximum | 14 | 168 | Rs. 1,89,000 |
The Nykaa IPO market lot size is 12 shares. A retail-individual investor can apply for up to 14 lots (168 shares or ₹189,000).
Company Profile
Nykaa is an operator of an e-commerce portal designed to sell cosmetics and beauty products online. The Company sells branded products under the categories of skincare, makeup, luxury products, fragrance, hair care, bath and body products for men and women, enabling customers to choose from a wide range of offers and discounts on all beauty, makeup and wellness products across the brands.
(Source: Financial Express, Mint.com)
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