• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Monday, June 16, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Markets

SEBI approves Nykaa IPO worth Rs 4,000 crore

by Prattay Mazumdar
October 15, 2021
in Markets
Reading Time: 2 mins read
0
Nykaa Logo and App screenshot on cosmetic background

Courtesy: Nykaa | Background: Freestocks via Unsplash

TwitterWhatsappLinkedin
Nykaa Logo and App screenshot on cosmetic background
Courtesy: Nykaa | Background: Freestocks via Unsplash

Market regulator Securities and Exchange Board of India (SEBI) has given its underwriting for the Rs 4,000 crore first offer of stock (IPO) of FSN E-Commerce Ventures, which has radiance aggregator stage Nykaa. The electronic greatness retail fire up is presumably going to dispatch the hidden commitment by October end at a valuation of over Rs 40,000 crore, according to CNBC TV18. The association had recorded the draft interruption layout with SEBI back in August.

You might also like

SEBI Unveils ‘Valid’: A Safer UPI-Based Payment System for Indian Securities Market

Meesho Secures NCLT Nod to Shift HQ to India, Inches Closer to IPO

New COVID-19 Variant “Nimbus” Sparks Concerns as Global Cases Rise

As shown by the arrangement reported, Nykaa is wanting to raise Rs 4,000 crore through a basic deal bargain. Nykaa has searched for reward for the main offer of stock (IPO) including another issue of significant worth offers worth Rs 525 crore and a proposition accessible to be bought (OFS) of 43,111,670 worth offers by promoters and existing financial backers. Sanjay Nayar, TPG, Lighthouse, and Sunil Munjal are the huge financial backers selling sections. The last valuations and IPO dates are still to be announced.

A super Indian retail merchant association of greatness and style things, Nykaa had over 12.6 million followers across driving internet based media organizes as of March 2021. The association, which is by and by coming out with an IPO, has reported a net advantage of Rs 61.94 crore for FY21 diverged from an all out shortfall of Rs 16.34 crore in FY20. Its pay from assignments advancement is moreover on the positive side as it jumped from Rs 1,768 crore in FY20 to Rs 2,441crore in FY21. The worth parts of the association once recorded will be up on the BSE and NSE.

Grandness retailer Nykaa had before recorded papers for its IPO in August. It was presumed to open up to the world by 2022. Regardless, SEBI has now yielded its support for the IPO, which implies the association could do its IPO by October end.

Set up in 2012 by Falguni Nayar, FSN E-Commerce Ventures, which claims Nykaa, is at present in plans to expand its business horizons. Considering the draft paper, the retailing beast means to use the profits from the IPO for advancement, by setting up new retail stores and developing new dissemination communities for the extra turn of events. The association also plans to finish specific commitments, which will furthermore add to its usefulness. The firm, which holds the various courses of action of greatness, staff care, and plans things, will look at extra supporting its strategy with the looming Nykaa IPO. SEBI has given its underwriting for the Rs 4,000 crore IPO, which could land by October end.

Tags: MarketsNykaaSEBIStock
Tweet54SendShare15
Previous Post

Communiqué 21

Next Post

Wipro shares surge nearly 8% on better-than-expected Q2 earnings

Prattay Mazumdar

Prattay is a Journalism and mass communication student. He is a deadline-oriented journalist with a passion for telling unique stories. Prattay is currently working as an intern at Techstory and can be reached at [email protected] .

Recommended For You

SEBI Unveils ‘Valid’: A Safer UPI-Based Payment System for Indian Securities Market

by Ishaan Negi
June 16, 2025
0
SEBI Unveils ‘Valid’: A Safer UPI-Based Payment System for Indian Securities Market

In a move to bolster investor protection and streamline digital transactions in the securities market, the Securities and Exchange Board of India (SEBI) has launched a unique UPI-based...

Read more

Meesho Secures NCLT Nod to Shift HQ to India, Inches Closer to IPO

by Ishaan Negi
June 16, 2025
0
Meesho Secures $550 Mn in Fresh Funding Amid IPO and Expansion Plans

In a major step towards its public listing ambitions, Meesho — the Prosus-backed ecommerce unicorn — has received the green light from the National Company Law Tribunal (NCLT)...

Read more

New COVID-19 Variant “Nimbus” Sparks Concerns as Global Cases Rise

by Harikrishnan A
June 16, 2025
0
New COVID-19 Variant “Nimbus” Sparks Concerns as Global Cases Rise

As much of the world moves on from the early chaos of the pandemic, a new COVID-19 variant is quietly making its way through communities across Asia, Europe,...

Read more
Next Post
Pay Package For Wipro’s CEO- $8.7 Million

Wipro shares surge nearly 8% on better-than-expected Q2 earnings

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?