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Nykaa files DRHP with Sebi, to raise Rs 525 crore via fresh equity

Promoters and investors selling shares via OFS upto 43.1 million

Falguni Nayar, founder and chief executive officer of Nykaa
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Falguni Nayar, founder and chief executive officer of Nykaa

Shivani Shinde Mumbai
Beauty aggregator platform Nykaa filed its draft red herring prospectus (DRHP) with market regulator Sebi. According to the DRHP, the company is raising Rs 525 crore via fresh equity. Promoters and investors will be selling upto 43.1 million equity via offer for sale.

The DRHP did not mention the total size of the IPO. According to media reports the company is planning to raise Rs 4,000 crore in the IPO and sources said the company is seeking a valuation between Rs 35,000 crore to Rs 40,000 crore.

Those opting to sell via OFS include promoters Sanjay Nayar Family Trust, and investors

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First Published: Aug 03 2021 | 2:15 AM IST

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