Nykaa Submitted IPO Documents To SEBI; This New Era Internet Company Raised 525 Rupees Through New Capital.
Nykaa, a cosmetics retailer, has submitted a draft of its red herring prospectus (DRHP) to the capital market regulator SEBI to initiate an IPO.
Cosmetics retailer Nykaa has submitted its draft red herring prospectus (DRHP) to the capital market regulator SEBI to initiate an IPO. The public offering includes newly issued shares worth 525 million rupees, while promoters and investors will sell up to 4.31 million rupees through an offer sale (OFS). The selling shareholders include the promoters Sanjay Nayar Family Trust and investors such as TPG Growth IV, Lighthouse India Fund III, Lighthouse India III Employee Trust, Yogesh Agencies & Investments Private Limited, JM Financial and Investment Consultancy Services, Sunil Kant Munjal, Hardarpal Singh Banga Indra Banga and other.
There are no listed companies in India engaged in similar businesses to Nykaa. Kotak Mahindra Capital Company, Morgan Stanley India Company Private Ltd, BofA Securities India, Citigroup Global Markets India Private Ltd, ICICI Securities and JM Financial. Link Intime India Private Ltd will be the registrar in question.
The company plans to use the net proceeds to invest in some of its subsidiaries, namely FSN Brands and/or Nykaa Fashion, to fund the establishment of new retail stores worth 35 million rupees; the company will incur capital expenditures and some of its subsidiaries ( Nykaa E-Retail, FSN Brands and Nykaa Fashion) to finance the installation of a new warehouse worth 35 million rupees; repayment or early repayment of the outstanding loan in favor of the company and one of its subsidiaries, namely 130 million rupees Nykaa E-Retail; spend 200 million rupees to increase the visibility and visibility of its brand; for general corporate purposes, the company’s promoters are Falguni Nayar, Sanjay Nayar, and Falguni · Nayar Family Trust and Sanjay Nayar Family Trust. The weighted average return on equity for the past three financial years was 0.68%. India has the second largest city population in the world.
India will continue to grow through the digital use case funnel, because each level has a lot of room for growth. This growth is expected to be driven by the affordability of the Internet, the continuous improvement of telecommunications infrastructure, the popularity of cities above second-tier cities, the increasing popularity of social media, online products with competitive prices, and the increasing trust and adoption of online payment platforms. In 2020, the number of online shoppers in India will reach 150-180 million (up from 120-150 million in 2019), and about 70% of shoppers will come from cities other than Metro. These shoppers buy a variety of products online, including mobile phones, electronics, fashion, beauty and personal care, and groceries. The beauty and personal care market in India in 2019 was 1,267 billion rupees, and it has grown at a compound annual growth rate of 13 cents per pet over the past three years. Although the market has fallen to Rs 1,120 crore in 2020 due to reduced spending during the first wave of COVID-19, it is expected to grow at a compound annual growth rate of 12% to reach Rs 1,981.0 crore by 2025, which means a compound annual growth rate. 7.7%. Percentage of the market before COVID-19 in 2019.
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