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Nykaa IPO will open on October 28th.Price earnings ratio is fixed at 1,085 to 1,125 rupees per share

The initial public offering (IPO) of FSNE-commerce Ventures, which operates beauty and fashion company Nykaa, will open on October 28 and will be offered in the price range of Rs 1,085 to Rs 1,125 per share.

The public issuance consists of a new share issuance worth Rs 63 billion and a total of approximately Rs 472.2 billion offering (OFS) components, with a total issuance fixed at Rs 535.2 billion at the upper limit of the price range.

Existing shareholders of companies that offer shares as part of OFS through public offering include TPG Growth IV SF Pte, Lighthouse India Fund III, Lighthouse India III Employee Trust, JM Financial and Investment Consultancy Services, and Yogash Agencies & Investments. According to the information available in the company draft document.

The prospectus data further show that the company recorded a profit of Rs 61.95 in fiscal year 2020-21 (FY21) after confirming losses in the previous two fiscal years. The net losses for FY19 and FY20 were Rs 24.54 and Rs 16.34, respectively.

Also read: IvyCap Ventures plans to close its third fund of Rs 1000.You might consider over-allotment options

Nykaa is one of many emerging ventures seeking to list on the public market when the secondary market is trading near record highs. India’s benchmark indexes S & P BSE Sensex and Nifty are among the top performers in the world in terms of returns for the current calendar year.

In addition to Nykaa, IPOs for online majors such as PayTM, Policybazaar, Ixigo, MobiKwik and Oyo are underway and those issues are expected to hit the market soon.

Nykaa’s IPO issues include Kotak Mahindra Capital, Morgan Stanley India, Bank of America Securities, Citigroup Global Markets India, ICICI Securities, JM Financial and other largest merchant banking companies in the country. Managed by. This issue will end with a subscription on November 1st.

Also read: Auditors need to “update and upgrade” skills in the modern financial system: RBI Governor Shaktikanta Das

Nykaa IPO will open on October 28th.Price earnings ratio is fixed at 1,085 to 1,125 rupees per share

Source link Nykaa IPO will open on October 28th.Price earnings ratio is fixed at 1,085 to 1,125 rupees per share

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