New Delhi: FSN E-commerce Ventures Ltd., which runs the online market for Nykaa’s beauty and health products, has improved the price of Rs 1,085-1.125 per share for the initial public offering of Rs 5,352-Crore, which will be opened on October 28.
The three-day public offering will expire on November 1, according to Red Herring Prospectus (RHP).
The IPO consists of a fresh edition of Equity shares worth Rs 630 Crore and offers for sale 41,972,660 equity shares by promoters and existing shareholders, he added.
Previously, the size of a fresh problem was Rs 525 Crore.
Those who sell shares ins are – Promoter Sanjay Narak Trust and Shareholders – TPG Growth IV SF Pte Ltd, Lighthouse India Fund III, Limited, Lighthouse India III believes employees, Yogesh & Investment Institutions, JM Financial and Investment Consultancy Services and several holders individual shares.
According to the information available with BSE on Friday, the price ribbon has been repaired at Rs 1,085-1.125 per share for IPO.
At the top of the price band, this initial sale is expected to take Rs 5,352 Crore.
The company received the SBI forward on October 11 to launch initial sales.
Going with a draft paper, the company plans to use the results of the IPO for expansion, by preparing a new retail store and building a new warehouse.
It also plans to retire some of its debt, which must reduce interest costs and further onto profitability.
In addition, the company plans to spread the results of the IPO for marketing and promotion activities, to focus on strengthening 13 brands such as NYKAA cosmetics, Nykaa Naturals and Kay Beauty, along with building and promoting brand new.
FSN E-commerce Ventures Ltd., which was founded in 2012 by Falguni Nargguni, is a digital original consumer technology platform, provides a retail experience led content, lifestyle to consumers.
The company has a portfolio of beauty, personnel care, and diverse fashion products, including owned brand products produced, under two vertical businesses – Nykaa and Nykaa Fashion.
The company has reported RS 61.94 Crore’s net profit for FY21 compared to the net loss of RS 16.34 Crore on FY20.
His income from surgery jumped to RS 2,441 Crore at FY21 from RS 1,768 Crore at FY20.
It recorded nearly 57 percent of the annual growth rate (CAGR) in the value of gross merchandise from FY19-FY21, and more than 48 percent of CAGR in income requirements from FY19-FY21.
This company is one of the leading influential lifestyle platforms in India with more than 12.6 million followers through the leading social media platform in 2021.
Mahindra Capital Company Box, Morgan Stanley India, Indian Citigroup Securities, Indian Citigroup Global Markets, JM Financial and Icici The effect is a trader banker with this problem.
Equity stocks will be registered with BSE and National Stock Exchange (NSE).