Nykaa IPO to open on October 28; sets price band of Rs 1,085-1,125 per share

FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, has fixed a price of Rs 1,085-1,125 a share for its Rs 5,352-crore initial public offering, which will open on October 28.

The three-day initial public offering will conclude on November 1, according to the red herring prospectus (RHP).

The IPO comprises a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 41,972,660 equity shares by promoter and existing shareholders, it added.

Earlier, the fresh issue size was Rs 525 crore.

Those selling shares in the OFS are — promoter Sanjay Nayar Family Trust and shareholders — TPG Growth IV SF Pte Ltd, Lighthouse India Fund III, Limited, Lighthouse India III Employee Trust,