Brokerages recommend investors to subscribe to Nykaa’s initial public offering for listing-day gains, deriving optimism from its diverse beauty and personal care portfolio, ability to retain customers and strategies to attract new users, and digital capabilities, among others.
FSN E-Commerce Fashion Ventures Ltd., the parent of the beauty fashion products marketplace, is set to launch a Rs 5,352-crore IPO. That includes a Rs 630-crore fresh issue and the rest an offer-for-sale.
The maiden offer of the nine-year-old company will open on Oct. 28 and close on Nov. 1.
Nykaa IPO Details
Price Band: Rs 1,085-1,125 apiece.
Retail investors quota: 10%, QIB: 75%, Non-institutional investors: 15%, Employees have 2.5 lakh equity shares reserved for them.
Minimum bid quantity: 12 or multiples of 12.
Nykaa intends to use the proceeds from the IPO to invest in subsidiaries and set up new retail stores.
