The offer will close on July 16. The company reported an Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) of Rs 1,614.26 million and an EBITDA margin of 6.61 per cent in the financial year 2021. 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Since its founding, Nykaa has become one of Indias go-to platforms for beauty products. The term "red herring" is thus derived from the bold disclaimer in red on the cover page of the preliminary prospectus. Some media reports indicate that the company is planning to raise a total of Rs 4,000 crore via the IPO. Nykaa IPO FSN E-commerce ventures limited, headquartered in Mumbai has submitted Draft Red Herring Prospectus (DRHP) to Securities and Exchange Board of India (SEBI) for initial public offering (IPO) of a fresh issue of Rs 525 crore and ofs of 43,111,670 equity shares on 01 August, 2021. Nykaa, one of the most popular online marketplaces for beauty and wellness products in India is all set to launch its initial public offering on October 28, according to sources. Globally, there's been a rise of personalised beauty and cosmetic startups including Ipsy, Fenty Beauty, Morphe, Kylie Cosmetics and the Honest Company. Also read: Adani Wilmar files DRHP for Rs 4,500 crore IPO; proceeds to be used for expansion, Copyright2022 Living Media India Limited. Ajooni Biotech Ltd. ( Prospectus ) 30. Snapdeal, which competes with Amazon and Flipkart, filed a request this week with the Securities and Exchange Board of India (Sebi) to withdraw its draft red herring prospectus (DRHP) amid a sell . "The response that Zomato received when it went on investor roadshows has enthused others to speed up their plans and so these companies are looking to file their draft prospectus at the earliest with the Securities and Exchange Board of India (Sebi) so that they have the regulators nod in place soon enough to launch their deals before the end of the year," the second person cited above told the publication. BENGALURU: Beauty and fashion retailer Nykaa has filed a draft red herring prospectus for an IPO. Nykaas public offering comes after food-delivery firm Zomato Ltds stellar debut on the bourses last month. Nykaa sells a variety of products on its platform including cosmetics, grooming products and clothes. A red herring prospectus, as a first or preliminary prospectus, is a document submitted by a company (issuer) as part of a public offering of securities (either stocks or bonds).Most frequently associated with an initial public offering (IPO), this document, like the previously submitted Form S-1 registration statement, must be filed with the Securities and Exchange Commission (SEC). The public offer includes a reservation of up to 65 lakh equity shares for its employees. A red herring is a preliminary prospectus filed with the SEC, usually in connection with an IPOexcludes key details of the issue, such as price and number of shares offered. The latest IPOs to receive the nod of SEBI include Adani Wilmar, Star Health, Nykaa, Penna Cement Industries, Latent View Analytics and Sigachi Industries. Incorporated in 2012, Nykaa is a consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. Dated October 20, 2021 Please read section 32 of the Companies Act, 2013 100% Book Built Offer. The current open web, curated by people you follow on Twitter and organized by an intelligent software deputy you train and command. Lifestyle retailer Nykaa, insurance aggregator Policybazaar and payments platform Paytm are likely to file their respective draft prospectus by the end of July after Zomato announced the date of opening the subscription for the issue in the next week, Mint reported. Oravel Stays Limited - Addendum to the DRHP. The company is planning to raise Rs 9,375 crore through its IPO which comprises a. Food delivery platform Zomato launched its IPO last month, while online insurance platform Policybazaar just filed for IPO. Before buying any product or service you often go through each detail. The price band has been fixed at Rs 1,085-1,125 a share. The company proposes to utilise the proceeds from the issue for brand visibility and awareness, repayment of borrowings. Mankind Pharma Ltd - DRHP. Nykaas IPO comes after food-delivery firm Zomato Ltds stellar debut on the bourses last month. According to the prospectus filed, Nykaa is looking to raise Rs 4,000 crore through an initial share sale. Mumbai-based Nykaa, which is backed by private equity firm TPG, plans to raise Rs 525 crore by issuance of fresh equity shares. According to the online beauty and wellness products company's draft red herring prospectus, the filing will be done to raise Rs 3,500-4,000 crore through an initial share sale. According to the Draft Red Herring Prospectus (DRHP), promoters and existing shareholders will also have an offer for sale (OFS) of up to 60,104,677 equity shares. As per the DRHP, promoters and existing investors will be selling up to 43.1 million equity shares through the offer-for-sale (OFS) route. It has a portfolio of luxury brands including Bobbi Brown and Estee Lauder. 22-12-2017. Ltd, Lighthouse India Fund, J M Financial, and Investment Consultancy Services, and Yogesh Agencies & Investments Private Ltd will take part in the OFS. Copyright e-Eighteen.com Ltd All rights resderved. The company is aiming to increase its valuation to more than $4 billion and plans to sell more than 10 per cent of equity in total, reported Bloomberg News. Snapdeal, which competes with Amazon and Flipkart, filed a request this week with the Securities and Exchange Board of India (Sebi) to withdraw its draft red herring prospectus (DRHP) amid a sell . Sep 16, 2022. The shareholders who are selling a part of their stake in the offering include, , Lighthouse, JM Financial and Sunil Kant Munjal, chairman of. At present, Nykaa is one of the leading online aggregators of beauty, wellness and cosmetic products. E-commerce platform for beauty products, Nykaa, has filed preliminary documents for an initial public offering (IPO) as a long line of companies plan to list on the bourses. About the Company Section. Nykaa, formally known as FSN E-Commerce Ventures Ltd, said its IPO will comprise a fresh issue of shares worth up to Rs 525 crore via and an offer for sale of up to 43.1 million shares, according to a copy of its draft red herring prospectus dated Monday. Seven Hills Beverages ( Prospectus ) 26. FSN E-COMMERCE VENTURES LIMITED Our Company was originally incorporated as 'FSN E-Commerce Ventures Private Limited' under the provisions of Companies Act, 1956, at Mumbai, Maharashtra, pursuant to a certificate of incorporation dated April 24, 2012, issued by the . The company is seeking a valuation of more than $4 billion. Also read: IPO rush to continue, 4 companies looking to raise over Rs 3,600 cr this week The company has a diverse portfolio of beauty, personal care, and fashion products, including their own brand products manufactured by them. Sep 20, 2022. According to RedSeer, it is one of the leading food services platforms in India in terms of value of food sold, as of March 2021. Citing one of the two anonymous sources aware of the matter, the report adds that Nykaa is likely to file its Draft Red Herring Prospectus (DRHP) around July 17 and Policybazaar will file its . Zomato will hit Dalal Street, with its initial public offering on July 14, as per its red herring prospectus. FSN E . During FY21, 32.1 million average monthly active users (MAU) visited its platform in India. Copyright 2022 Bennett, Coleman & Co. Ltd. All rights reserved. Nykaa plans to raise Rs 4,000 crore from the IPO, which would value the company at $5 billion-$5.5 billion. . Started in 2010 by Kunal Bahl and Rohit Bansal, Snapdeal filed its IPO documents, in December 2021, for regulatory approvals . Nykaa and Paytm . The company is seeking a valuation of more than $4 billion and plans to sell more than 10 per cent of equity in total, as mentioned in a report in Bloomberg. 20-12-2017. It also has its own chain of physical outlets. Promoter Sanjay Nayar Family Trust along with investors such as TPG Growth IV SF Pte. It also has an offline presence comprising 73 physical stores across 38 cities in India, as per the prospectus. However, most of the investors are not cashing out completely, and will continue to retain some stake in the company post-IPO. E-mail: nykaacompanysecretary@nykaa.com; Website: www.nykaa.com; Corporate Identity Number . Nayar and her husband Sanjay, who is also the chairman of private equity firm. FSN E-Commerce Ventures, which owns beauty aggregator platform Nykaa, has now filed preliminary papers with market regulator Sebi. Register now. A red herring prospectus is filed with the SEBI but is issued to potential investors who are aiming to invest in the shares during the IPO. has filed a draft red herring prospectus for an IPO. Mobikwik, Life Insurance Corp, Paytm, Pharmeasy, Go Airlines, Aditya Birla Sun Life AMC, Devyani International, Bajaj Energy are some of the companies rushing for an IPO. The publication had earlier reported that Nykaa, founded by former investment banker Falguni Nayar, is likely to keep the size of the public offering unchanged at between $500 million and $700 million. Nykaa sells most of its products through online channels. Snapdeal had filed its draft red herring . Opening Date. At the same time, it informs the investor that the company has filed for an IPO. The DRHP noted that the company's restated profit for the year in FY21 was Rs 61.94 crore as compared to a restored loss of Rs 16.34 crore for the financial year 2020. By India Today Web Desk: Nykaa, one of the leading e-commerce platforms for beauty and wellness products, has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) for its initial public offering (IPO). . The Red Herring Prospectus also lists the strengths of the company - both internal and external. Online retailer Snapdeal has abandoned a planned initial public offering, the latest in a string of companies amid a rout in technology stocks globally. Copyright 2022 Living Media India Limited. Avoid to Abans Holdings: Cholamandalam Securities, Budget 2023: Startup industry body writes to government, seeks changes in direct and indirect taxes, Meet Thailands top pet food maker floating in Bangkok today, Unlocking opportunities in Metal and Mining, LeapToUnicorn - mentoring, networking and fundraising for startups. As of March 31, the company had cumulative downloads of 43.7 million across all its mobile applications. Nykaa joins a dynamic and long queue of companies going public this year. . E-commerce beauty aggregator platform Nykaa has filed preliminary papers with market regulator Securities & Exchange Board of India (SEBI) for an initial public offering (IPO). It joins the likes of Boat, PharmEasy and Droom, who have shelved their IPO plans. Sep 23, 2022. It plans to offer fresh equity shares worth Rs 525 crore and an offer for sale of up to 43 million shares. The entity that operates Nykaa, FSN E-Commerce Ventures Ltd, said it would raise as much as $70.6 million by selling new equity in the offering, as per its draft red herring prospectus. The company is planning to raise Rs 9,375 crore through its IPO which comprises a fresh issuance of Rs 9,000 crore and an offer for sale of Rs 375 crore by shareholder Info Edge. E-commerce beauty aggregator platform Nykaa has filed preliminary papers with market regulator SEBI for an initial public offering. Nykaas online business has been growing rapidly, with cumulative downloads of 43.7 million across all its mobile apps, as per the DRHP. E-mail: nykaacompanysecretary@nykaa.com; Website: www.nykaa.com; Corporate Identity Number: U52600MH2012PLC230136 OUR PROMOTERS: FALGUNI NAYAR, SANJAY NAYAR, FALGUNI NAYAR FAMILY TRUST AND SANJAY NAYAR FAMILY TRUST . RED HERRING PROSPECTUS Dated October 20, 2021 Please read section 32 of the Companies Act, 2013 . Nykaa said the contribution from tier 2 and tier 3 cities has increased to 64% in 2020-21, compared to 56.9% in the year before. Nykaas revenue from operations in FY21 was Rs 2,440.89 crore, marking a growth of 38.10 per cent from the financial year 2020. Zomato will hit Dalal Street, with its initial public offering on July 14, as per its red herring prospectus. Securities and Exchange Board of India is made for protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto Nykaa IPO will be open for subscription from October 28 to November 1, according to . The DRHP was not uploaded on the SEBI website at the time of filing of this copy. Nykaa has filed its IPO application shortly after online food delivery major Zomatos stellar debut on the stock market last month. Investors are requested to refer the Red Herring Prospectus for further details regarding the issue, the issuer company and the risk factors before taking any investment decision. The issue will comprise fresh offering of shares worth up to Rs 525 crore and a sale of 4.31 crore shares by existing shareholders, they said. Aug-03-2021 17:23 Hrs IST E-commerce beauty company Nykaa has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) for an Initial Public Offering (IPO). The company said it wants to use the funds raised from the IPO to make investments in its subsidiaries, to set up new retail stores, warehouses, repaying certain debts and general corporate purposes. Decoded: Why so many companies are going public in 2021. Puranik Builders Limited - Addendum to DRHP. setting up new retail stores for Nykaa, Nykaa Fashion, and. Close Date. The entity that operates Nykaa, FSN E-Commerce Ventures Ltd, said it would raise as much as $70.6 million by selling new equity in the offering, as per its draft red herring prospectus (DRHP). Nykaa has sought allowance for an initial public offering (IPO) comprising a fresh issue of equity shares worth Rs 525 crore and an offer for sale (OFS) of . Total revenue jumped 38% to Rs 2,452 crore despite the pandemic last year. Sep 14, 2022. Snapdeal filed the IPO papers Sebi last December, following the public listing of several tech companies like Zomato, Paytm, Nykaa and Nazara Technologies. Snapdeal, which competes with Amazon and Flipkart, filed a request this week with the Securities and Exchange Board of India (Sebi) to withdraw its draft red herring prospectus (DRHP) amid a sell . (Nykaa) is a . The companys physical stores offer a select offering of products as well as a seamless experience across the physical and digital worlds, as per the DRHP. As per the Nykaa DRHP, promoters and existing investors will be selling up to 43.1 million equity shares through the offer-for-sale (OFS) route. It further reported that Policybazaar will set to go public with a Rs 4,000-crore IPO, which would result in dilution of 15 percent stake and seeking a valuation of $3.5 billion. It also plans to retire some of its debt, which should bring down interest costs, and further shore up its profitability, the filing said. Issue Price. Nykaa, formally known as FSN E-Commerce Ventures Ltd, said its IPO will comprise a fresh issue of shares worth up to Rs 525 crore via and an offer for sale of up to 43.1 million shares, according to a copy of its draft red herring prospectus dated Monday. For reprint rights: Syndications Today, Falguni Nayar's Nykaa files initial papers for IPO, Posted by: anwesha madhukalya, Aug 03, 2021, 8:24 AM IST, IPO rush to continue, 4 companies looking to raise over Rs 3,600 cr this week, Adani Wilmar files DRHP for Rs 4,500 crore IPO; proceeds to be used for expansion. Sep 19, 2022. For reprint rights: Times Syndication Service. . The company had filed the draft red herring prospectus with SEBI back in August. Paytm, Oyo Hotels and Ola are some other new-age digital companies that are expected to go public later this year. 1. Sebi was yet to approve Snapdeal's proposed IPO. The DRHP noted that the companys restated profit for the year in FY21 was Rs 61.94 crore as compared to a restored loss of Rs 16.34 crore for the financial year 2020. The company reported a profit of Rs 62 crore for the fiscal ended March 31, compared to a loss of Rs 16 crore in the year before. , Nykaa has over 1,500 brands with a comprehensive selection of makeup, skincare, haircare, fragrances, personal care, luxury and wellness products for women and men. The company has not decided on any fresh timeline for the IPO. Similarly, before investing in any upcoming IPO it is important to know about the company. Nykaa, which sells online and has 70 physical stores, plans to use the proceeds from the IPO for expansion, by setting up new retail stores and establishing new warehouses. Morgan Stanley, BofA Securities, and Citigroup are among the lead book-running managers to the IPO. Mumbai: Lifestyle retailer Nykaa has filed its draft red herring prospectus with the Securities and Exchange Board (Sebi) on Monday for a initial public offering, said bankers. It was last valued at $1.2 billion. Kotak Mahindra Capital, ICICI Securities, Citibank, BofA Securities, Morgan Stanley and JM Financial have been appointed to manage its public issue. Nykaa was founded in 2012 by former investment banker Falguni Nayar. Paytm, Nykaa and Nazara Technologies, among others. These strengths distinguish the company from its competitors. The companys offline channel includes 73 physical stores across 38 cities in India. The document. RED HERRING PROSPECTUS Dated October 20, 2021 Please read section 32 of the Companies Act, 2013 100% Book Built Offer . In the fiscal year ended March, the company saw $330 million in revenue. The shares of the company are proposed to be listed on NSE and BSE. The firm's red herring prospectus published with Sebi on Friday said that it would open for bids from October 28 to November 1. Addendum to DRHP of Plaza Wires Limited. Morgan Stanley, BofA Securities and Citigroup are among the lead book-running managers of the IPO. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express writtern permission of moneycontrol.com is prohibited. It plans to offer fresh equity shares worth Rs 525 crore and an offer for sale of up to 43 million shares. Founded in 2012 by Falguni Nayar, a former. Star Heath . The DRHP stated that existing shareholders could sell as many as 43.1 million shares. Advertisement "Considering the prevailing market conditions, the . It may be noted that the DRHP did not mention the total size of the IPO. The SoftBank-backed company joins the likes of Boat, PharmEasy and Droom to withdraw draft red herring prospectus (DRHPs) and postpone IPO plans at a time when tech stocks globally are witnessing a significant downfall. It may be noted that Nykaa, founded in 2012 by former investment banker Falguni Nayar, had raised Rs 100 crore in 2020 from existing investors Steadview Capital, following which its valuation was pegged at $1.2 billion. RED HERRING PROSPECTUS. The company operates under 2 major verticals: Nykaa: Beauty and personal care December 09, 2022, Updated on : Fri Dec 09 2022 02:31:34 GMT-0800. Citing one of the two anonymous sources aware of the matter, the report adds that Nykaa is likely to file its Draft Red Herring Prospectus (DRHP) around July 17 and Policybazaar will file its prospectus around July 20. India, hold about 47% of the company through two family trusts. ********* For this, you can simply visit about the company section of a red herring prospectus. Snapdeal filed a request this week with the Securities and Exchange Board of India (SEBI) to withdraw its draft red herring prospectus (DRHP), news agency Reuters reported. Meanwhile, One97 Communications Ltd, the parent of Paytm, will file a draft prospectus as early as July 12 for an initial public offering (IPO) that seeks to raise $2.3 billion, Reuters had reported last week. Written By. . Independent Newsfeed Engine for the Open Web. Securities and Exchange Board of India is made for protect the interests of investors in securities and to promote the development of, and to regulate the securities market and for matters connected therewith or incidental thereto It also plans to establish and promote new brands. NYKAA'S FINANCIAL PERFORMANCE Nykaa's revenue from operations in FY21 was Rs 2,440.89 crore, marking a growth of 38.10 per cent from the financial year 2020. Nykaa is also planning to deploy the IPO proceeds for marketing and promotional activities, and to strengthen its 13 owned brands including Nykaa Cosmetics, Nykaa Naturals and Kay Beauty. Other selling shareholders includeSunil Kant Munjal,Harindarpal Singh Banga, and Indra Banga, and Michael Carlos, former president of Swiss fragrance maker Givaudan. The retailer plans to raise up to Rs 5,200 crore through IPO coming next week. Nykaa plans to raise Rs 4,000 crore from the IPO, which would value the company at $5 billion-$5.5 billion. The unique life purpose of each zodiac sign, Viral Pics of Marathi Stars From The Week, Bollywood celebs who battle tough illnesses, Poonam Bajwa grabs all eyeballs in these clicks, 9 glow-boosting beauty benefits of hemp oil, Terms of Use and Grievance Redressal Policy. Nayar and her family are likely to own a majority stake in the beauty retailer. The promoter and promoter group will continue to hold more than 51% of the companys shares after the IPO. 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