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Nykaa IPO Details, Price Band, Lot Size, Issue Size, Financials, Strength, and Analysis

Indian e-commerce company Nykaa IPO will open in this coming week. The Rs. 5,351.92 Cr. IPO open for subscription on 28 October to 01 November, here some key points to know before subscribing the Nykaa IPO.

Nykaa IPO Details

Nykaa IPO Analysis.

Nykaa is an Indian e-commerce company, sells beauty, fashion, and wellness products. The fashion company was founded by Falguni Nayar in 2012, headquartered in Mumbai. Nykaa sells products that are manufactured in India as well internationally across websites, mobile apps, and 76 offline stores.

Nykaa has over 2,000 brands and 200,000 products across its in-house brands within beauty and fashion.

  • Nykaa House of Brands (Beauty and Personal Care) – Nykaa Cosmetics, Nykaa Naturals, Kay Beauty.
  • Nykaa Fashion (Apparel and Accessories) – Pipa Bella, 20 Dresses, Mondano, NYKD, and Likha.

Nykaa issues share worth ₹ 5,351.92 Crore in which fresh issue shares worth ₹ 630 crores and while the remaining ₹ 4,721.92 crores is an offer for sale by promoters of Nykaa. You can apply bid from 28 October to 01 November 2021.

Nykaa IPO Details –

Nykaa IPO Issue Size –

Public IssueAmount in INR
Total Issue Size₹ 5,351.92 Crore
Fresh Issue₹ 630 Crore
Offer for Sale₹ 4,721.92 Crore

Nykaa IPO Lot Size –

LotsSharesTotal Amount
Minimum Lot – 112₹ 13,500
Maximum Lot – 14168₹ 189,000

The minimum lot size of Nykaa IPO is 12 shares, and retail/individual investors can apply up to 14 lots (168 shares at an amount of ₹ 189,000).

Other Details –

IPO Price₹ 1085 to ₹ 1125 per equity share
Face Value₹ 1 per equity share

The company is looking for a valuation of around $7.4 billion in the IPO.

Nykaa IPO Dates

IPO Open Date28 Oct 2021
IPO Close Date01 Nov 2021
IPO Allotment Date08 Nov 2021
Amount Refund Date09 Nov 2021
Shares credit to Demat Account10 Nov 2021
IPO Listing Date11 Nov 2021

Shares Reserved for Category –

Qualified International Buyer (QIB)75 %
Non-institutional investors (NII)15 %
Retail Investors (RI) / Individual10 %

Obejective of the Issue –

Nykaa will utilize the net proceeds from the IPO for –

  • Investment of Rs 420 million in certain of their subsidiaries.
  • Rs 420 million towards capital expenditure to be experience by company.
  • Rs 1,560 million towards payments of outstanding borrowing avail by company and their subsidiaries.
  • General corporate purposes.

Nykaa Financials –

The fashion e-commerce company Nykaa reported a profit of ₹ 62 crores in the financial year March 2021 over from a loss of ₹ 16 crores in the previous year. Revenue increases ₹ 2,453 Crores (in FY21) from ₹ 1,778 Crores (in FY20), the total assets of the company also increases from ₹1,124 crores (in FY 2020) to ₹1,302 crore in FY2021.

Nykaa Promotor and Management –

The promotor of the Nykaa, 54.22% pre-issue holding and 52.56% post-issue holding.

  • Falguni Nayar – Executie Chairperson, MD, and CEO of the company.
  • Sanjay Nayar – Additional Non-Executive Director.
  • Falguni Nayar Family Trust
  • Sanjay Nayar Family Trust

Company Strengths –

  • Nykaa is one of India’s leading beauty and fashion technology platform.
  • Strong and experienced management team lead by company founder.
  • Wide range of products available both online and offline stores.
  • Major brands products on Nykaa platform for sale increases brand quailty and loyalty in competitive market.
  • Capital efficient business with strong financials, growth and profitability.

Global Co-ordinators and Book Running Lead Managers

  • Kotak Mahindra Capital Comapny Ltd.
  • Morgan Stanley India Company Pvt. Ltd.
  • BofA Securities India Ltd.
  • ICICI Securities Limited
  • JM Financial Consultants Pvt. Ltd.
  • Citigroup Global Markets India Pvt. Ltd.

Nykaa IPO Registrar –

Link Intime India Private Ltd.

Nykaa IPO GMP Rates (Grey Market Premium)

DateGMP
28 Oct₹ 700
27 Oct₹ 600
26 Oct₹ 650

Nykaa IPO expected return is 50 %

The IPO of beauty and fashion e-commerce Nykaa proposed to be listed on BSE and NSE, and the company has received approval from BSE and NSE for the listing of the equity shares.

Nykaa IPO Subscription Status –

Nykaa IPO is subscribed 1.55 times on Oct 28, 2021.

CategorySubscription (Times)
Qualified Institutional Buyers (QIB)1.39
Non-Institutional Investors (NII)0.60
Retail Individual Investors (RII)3.50
Employee0.68
Total1.55

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