FSN E-Commerce Ventures, the company which owns the Nykaa brand, opened its initial public offering (IPO) today. Nykaa, the go-to e-commerce platform for cosmetics and fashion products, is one of the few profitable online startups in India. The Falguni Nayar-founded company is also the first woman-led Indian unicorn to launch an IPO. Yesterday, the anchor offering received bids 40 times the number of shares the company planned to sell to anchor investors, indicating strong interest in the company. Here's a deep dive into the beauty, personal care, and fashion retailer based on details shared in the company's red herring prospectus (RHP). Details of the IPO Dates: 28 Oct 2021 – 01 Nov 2021 Price range: Rs. 1,085 – 1,125 Minimum order quantity: 12 Expected to raise: As much as Rs 5,352 crore (~$700 million) at a valuation of $7.1 billion Fresh issue: Up to Rs 630…
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