Nykaa IPO: FSN E-Commerce Ventures IPO Details

Nykaa IPO Date, Price, GMP, Review, Allotment, Subscription, Analysis & Documents

GMP

Allotment Status

About Nykaa

FSN E-Commerce Ventures Limited is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including the owned brand products manufactured by the company. The company established a lifestyle retail platform and also a popular consumer brand.

The company offers consumers an Omnichannel experience with an endeavor to cater to the consumers’ preferences and convenience:

The company has the following two business verticals:

  • Nykaa: Beauty and personal care
  • Nykaa Fashion: Apparel and accessories

Nykaa: Beauty and personal care

The beauty and personal care offering is extensive with 197,195 SKUs from 2,476 brands primarily across make-up, skincare, haircare, bath and body, fragrance, grooming appliances, personal care, and health and wellness categories. The brand has become synonymous with beauty products in India. The portfolio includes domestic brands, international brands, luxury and prestige brands, premium brands, niche, and cult brands. The breadth of the portfolio, coupled with the understanding of the needs and preferences of the consumers, enables us to personalize the selection even as we cater to a more diverse base.

The company also manufactures owned brand beauty and personal care products through third-party manufacturers contracted by the company. The company entered into manufacturing agreements with several manufacturers in India, for the manufacture of such products which are sold under the own brands such as “Nykaa Cosmetics”, “Nykaa Naturals” and “Kay Beauty”. The own brands are available in the online and offline channels, as well as for certain brands at third party retailers

Nykaa Fashion: Apparel and accessories

Launched Nykaa Fashion in 2018, as a curated and managed marketplace with an endeavor to inspire consumers to make fashion and lifestyle choices that best suit them. The company has a wide assortment of offerings, across price points, to cater to women, men, and children of diverse demographics. Nykaa Fashion housed 1,350 brands and over 1.8 million SKUs with fashion products across four consumer divisions: women, men, kids, and home.

Within these consumer divisions, the company merchandise across several categories including western wear, Indian wear, lingerie, footwear, bags, jewelry, accessories, athleisure, home décor, bath, bed, and kitchen in order to cater to the diverse consumers’ journeys across the platform. The company offer a mix of brands across established national brands, international brands, luxury brands, and emerging labels and designers

Important Details – Nykaa

DateDetails
April 24, 2012The company was originally incorporated as ‘FSN E-Commerce Ventures Private Limited’ at Mumbai, Maharashtra
July 16, 2021The company was converted into a public limited company and the name of the company was changed to ‘FSN E-Commerce Ventures Limited’

Objects of the Issue

  • Investment in certain of the Subsidiaries, namely, FSN Brands and / or Nykaa Fashion for funding the set-up of new retail stores;
  • Capital expenditure to be incurred by the company and investment in certain of the Subsidiaries, namely, Nykaa E-Retail, Nykaa Fashion and FSN Brands for funding the set-up of new warehouses;
  • Repayment or prepayment, in full or in part, of certain borrowings availed by the Company and one of the Subsidiaries, namely, Nykaa E-Retail;
  • Expenditure to acquire and retain customers by enhancing the visibility and awareness of the brands; and
  • General corporate purposes.

Nykaa Limited Financials:

Summary of financial Information (Restated Consolidated Statement)

Particulars For the year ended (₹ in millions)
  31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 13,019.90 11,244.82 7,756.57
Total income 24,526.37 17,778.50 11,163.82
Total Expenses 23,772.99 17,902.80 11,481.02
Profit After Tax 619.45 (163.40) (245.39)

Nykaa IPO Price – Details

DateNykaa IPO Details
Public IssueInitial Public Offer of up to [.] Equity Shares of ₹ 1 (aggregating up to ₹ 525 crores) and Offer for sale upto 43,111,670 Equity shares (aggregating upto [] crores)
Issue Open  Date28-Oct-21
Issue Close Date01-Nov-21
Issue TypeBook Built
IPO Price Band₹ 1085 – ₹ 1125
Face Value ₹ 1
Market Lot 12 Equity Shares and in multiples thereof
Minimum Order Quantity 12 Equity Shares
Maximum Subscription Amount for Retail InvestorRs. 2,00,000
Listing NSE, BSE
NSE SymbolNYKAA
IPO Market Timings 10.00 a.m. to 5.00 p.m.

Nykaa IPO DRHP & RHP

Nykaa IPO Lot Size

ApplicationLotsNo of SharesAmount (Rs)
Minimum112₹ 13,500
Maximum14168₹ 1,89,000

Nykaa IPO Lead Managers

  • BofA Securities India Limited
  • Citigroup Global Markets India Private Limited
  • ICICI Securities Limited
  • JM Financial Consultants Private Limited
  • Kotak Mahindra Capital Company Limited
  • Morgan Stanley India Company Pvt Ltd

Nykaa IPO Registrar

Nykaa IPO Allotment Date, Listing Date and other Important Dates

DetailsDate
Bid / Offer Opens on28-Oct-21
Bid / Offer Closes on01-Nov-21
Finalisation of Basis of Allotment08-Nov-21
Initiation of refunds 09-Nov-21
Credit of the Equity Shares10-Nov-21
Listing Date11-Nov-21

Company Peers – Comparison of Accounting Ratios

  • There are no listed companies in India that engage in a business similar to that of the company. Accordingly, it is not possible to provide an industry comparison in relation to the company.

Company Promoters

  • Falguni Nayar
  • Sanjay Nayar
  • Falguni Nayar Family Trust and
  • Sanjay Nayar Family Trust

Company Corporate Office

A2, 4th Floor, Cnergy IT Park,
Appasaheb Marathe Marg,
Opposite Tata Motors, Prabhadevi,
Mumbai 400 025, Maharashtra;
Telephone: + (91) 22 3095 8700
Website: www.nykaa.com;

Company Registered Office

104, Vasan Udyog Bhavan,
Sun Mill Compound, Tulsi Pipe Road,
Lower Parel, Mumbai 400 013,
Maharashtra;
Telephone: + (91) 22 6614 9616

Nykaa IPO – FAQS

What is the Nykaa IPO Price?

The Nykaa IPO price band is ₹ 1085 – ₹ 1125 per share

When Nykaa IPO will open?

The Nykaa IPO opens on Oct 28, 2021 and closes on Nov 01, 2021

What is the lot size of Nykaa IPO?

The Nykaa IPO lot size is 12 Equity Shares and the minimum order quantity is 12 Equity Shares

Who is the Registrar for Nykaa IPO?

The Registrar for Nykaa IPO is Link Intime India Private Limited

How to apply in Nykaa IPO through UPI?

Check the step by step process here – Click here

How to apply in Nykaa IPO through Zerodha?

Check the step by step process here – Click here

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