Nykaa IPO: The company was founded in 2012 and has a diversified portfolio of beauty, personal care and fashion products, including brand products owned by it.
After Zomato, Paytm, fashion retailer Nykaa is going to bring an initial public offering (IPO) of Rs 4,000 crore. Applied to market regulator SEBI to raise capital through IPO. According to the Draft Red Herring Prospectus (DRHP), the IPO will consist of fresh issue of equity shares worth Rs 525 crore, and will also include an offer for sale (OFS) of 4,31,11,670 equity shares by existing shareholders.
Those selling shares in the OFS include TPG Growth 4 SF Private Limited, Lighthouse India Fund 3 Limited, Lighthouse India 3 Employees Trust, Yogesh Agencies & Investments and Sanjay Nair Family Trust. The company was established in 2012 and has a diversified portfolio of beauty, personal care and fashion products, including brand products owned by it.
55 million users are visiting Nykaa’s website every month. From makeup, skincare to health supplements and hair dryers, more than 1,200 brands are available here. In India, Nykaa has six warehouses across India, receiving over 13 million orders every month.
How did the business idea come about?
Nykaa was started in the year 2012 by Falguni Nayar, a passout from Indian Institute of Management (IIM) Ahmedabad. Today this website has become the most popular website. Falguni Nair came up with the idea for Nykaa while visiting multi-brand beauty product stores. She herself was not a regular consumer of beauty products. Yet they had to spend hundreds of dollars just on the name of the brand. Nair believed that there was no single store where everything could be found. Then he built the same store.
Nair’s husband Sanjay, who is the chairman of a private equity firm KKR India, holds 47 per cent stake in the company through two family trusts. In the fiscal ended March 31, the company had a profit of Rs 62 crore, while in the last fiscal the company had a loss of Rs 16 crore. Last year, despite the pandemic, the company’s income increased by 38 per cent to Rs 2,452 crore.
According to a report, a beauty retailer Nykaa may be listed in the stock markets with a valuation of $4.5 billion by the end of this financial year. Earlier this valuation was said to be more than $ 3 billion.
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