Nykaa IPO opens today: Here’s everything you need to know

Nykaa IPO: The initial public offering (IPO) of FSN E-Commerce Ventures Ltd, which operates online beauty e-commerce platform Nykaa, will open for subscription on Thursday, October 28, 2021, at a price band of Rs 1,085-1,125 per share. The offer will be available till Monday, November 1, 2021.

Through the offer, FSN E-Commerce Ventures aims to raise Rs 5,352 crore. The Nykaa IPO comprises of 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.

FSN E-Commerce Ventures, founded in 2012 by Falguni Nayar – a former investment banker turned entrepreneur, is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers.