Nykaa IPO to open for public subscription on Thursday: All you need to know

The initial share sale of FSN E-Commerce Ventures, which runs an online marketplace for beauty and wellness products Nykaa, is set to open for public subscription 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 4.19 crore shares by promoters 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, Yogesh Agencies & Investments, JM Financial and Investment Consultancy Services and some individual shareholders.