New Delhi. If you want to earn money through IPO, then you have a great opportunity. Where you can earn by investing money in Unicorn Company. Actually, the IPO of beauty startup Nykaa is opening on 28 October this month. According to media reports, Nykaa’s IPO will open on October 28 and close on November 1. The company will raise Rs 5,200 crore through this IPO. This online store wants to keep its valuation at $ 7.4 billion for this IPO. Kotak Mahindra Capital, Bofa Securities, Citi, JM Financial, Morgan Stanley and ICICI Securities have been appointed to manage this IPO.
According to the news published in Economic Times, the date of this IPO has been fixed from 28 October to 1 November. There will be a fresh issue of Rs 630 crore in this IPO of the company. At the same time, through Offer for Sale (OFS), the promoters and shareholders will sell 41,972,660 shares. Let us tell you that SEBI for its proposed IPO of Nykaa was approved on 14 October.
Unicorn Company is Nykaa
Nykaa is a one of its kind startup which is going to knock in the IPO market. This is the first unicorn to bring an IPO so far which is running in profit. Apart from this, it is the only such new generation company in the country, despite the valuation of which is in the billion dollar, the promoter group’s stake in it is more than half.
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The company has 68 stores across the country
Nykaa was founded in 2012 by Falguni Nair, a former investment banker. The company sells beauty products. Apart from online sales, the company also sells through retail outlets. Its investors include big investors like TPG and Fidelity.
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Nykaa’s portfolio includes over 15,000 brands. It also has big names like Bobbi Brown, L’Occitane and Estee Lauder. The company has 68 stores across the country. The company’s income in the financial year 2022 has been Rs 1,860 crore.
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