Nykaa gets Sebi nod for IPO, may launch Rs 5,300-cr offer by month-end

Sources said the Falguni and Sanjay Nayar-promoted firm is looking to launch its maiden offering at valuations of more than Rs 45,000 crore ($6 billion)

Market regulator Securities and Exchange Board of India (Sebi) has granted approval for the initial public offering (IPO) of FSN E-Commerce Ventures, the company that operates online beauty store Nykaa.

Sources said the Falguni and Sanjay Nayar-promoted company is looking to launch its maiden offering by the end of this month at valuations of more than Rs 45,000 crore ($6 billion).

The total issue size, including the fresh issue component, could be revised upwards to over Rs 5,300 crore, a source added. However, the final call on valuations will be taken closer to the launch date.

Nykaa had filed its