FSN E-Commerce Ventures Ltd, which runs on-line market for magnificence and wellness merchandise Nykaa, has fastened a worth of Rs 1,085-1,125 a share for its Rs 5,352-crore preliminary public providing, which is able to open on October 28.
The three-day preliminary public providing will conclude on November 1, in line with the pink herring prospectus (RHP).
The IPO contains a recent concern of fairness shares price Rs 630 crore and a proposal on the market (OFS) of 41,972,660 fairness shares by promoter and present shareholders, it added.
Earlier, the recent concern dimension was Rs 525 crore.
Those promoting shares within the OFS are — promoter Sanjay Nayar Family Trust and shareholders — TPG Growth IV SF Pte Ltd, Lighthouse India Fund III, Limited, Lighthouse India III Employee Trust, Yogesh Agencies & Investments, J M Financial and Investment Consultancy Services and a few particular person shareholders.
As per the knowledge accessible with the BSE on Friday, the worth band has been fastened at Rs 1,085-1,125 a share for the IPO. At the higher finish of the worth band, the preliminary share-sale is predicted to fetch Rs 5,352 crore.
The firm acquired Sebi’s go-ahead on October 11 to launch the preliminary share-sale.
Going by the draft papers, the corporate plans to make use of the proceeds from the IPO for growth, by establishing new retail shops and establishing new warehouses.
It additionally plans to retire a few of its debt, which ought to convey down curiosity prices and additional shore up its profitability.
In addition, the corporate is planning to deploy the proceeds of the IPO for advertising and promotional actions, to concentrate on strengthening its 13 owned manufacturers equivalent to Nykaa Cosmetics, Nykaa Naturals and Kay Beauty, together with establishing and selling new manufacturers.
FSN E-Commerce Ventures Ltd, which is based in 2012 by Falguni Nayar, is a digitally native shopper know-how platform, delivering a content-led, way of life retail expertise to shoppers.
The firm has a various portfolio of magnificence, personnel care and trend merchandise, together with its personal manufactured model merchandise, beneath its two enterprise verticals – Nykaa and Nykaa Fashion.
The firm has reported a internet revenue of Rs 61.94 crore for FY21 in comparison with a internet lack of Rs 16.34 crore in FY20. Its income from operations jumped to Rs 2,441 crore in FY21 from Rs 1,768 crore in FY20.
It clocked practically 57 per cent compound annual development price (CAGR) in gross merchandise worth from FY19-FY21, and over 48 per cent CAGR in income phrases from FY19-FY21.
The firm is without doubt one of the main influential way of life platforms in India with over 12.6 million followers throughout main social media platforms as of March 2021.
Kotak Mahindra Capital Company, Morgan Stanley India Company, BofA Securities India, Citigroup Global Markets India, JM Financial and ICICI Securities are service provider bankers to the difficulty.
The firm’s fairness shares will probably be listed on the BSE and the National Stock Exchange (NSE).
