InvestorQ : What is the Nykaa IPO that is expected to hit the markets shortly?
vaishnavi mhatre made post

What is the Nykaa IPO that is expected to hit the markets shortly?

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Sam Eswaran answered.
4 months ago
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Nykaa E-Retail may be the next high profile ecommerce IPO to hit the market during the year. Nykaa is a fashion portal that was launched by Falguni Nayar, a former high profile investment banker with Kotak Mahindra Capital. The company Nykaa E-Retail was floated by Falguni in 2012 to provide an online marketplace for fashion products.

It is estimated that the valuation of Nykaa at the time of the IPO would be closer to $3 billion. The exact size of the issue is not known yet as the process has just about commenced and the lead managers have just started out on their tasks. Nykaa has not finalized its methodology but it could be domestic sale and international offering.

Nykaa currently lists more than 1200 cosmetic brands on its platforms; both domestic and global brands. The portal logs on an average nearly 55 million visits each month and it receives and processes 13 million orders on a monthly basis. TPG and Fidelity are among its key anchor institutional investors.

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