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Nykaa IPO at $3bn valuation? Unlisted shares in Demand!

Nykaa IPO at $3bn valuation? Unlisted shares in Demand!

Those who have been waiting for Nykaa IPO, have a reason to celebrate!

Nykaa, the online retailer of beauty cosmetics in India is planning to come up with an IPO soon. The company may get valued at more than $3 billion and the get listed on stock exchanges by the end of next year.

Nykaa was started in 2012 by Falguni Nayar an ex-investment banker at Kotak Mahindra. Nykaa became popular, especially among the women by selling cosmetics and grooming products online. It has recently expanded into other categories such as fashion, pet care and household supplies.

After the successful listing of Burger King India and Mrs Bectors, many consumer products companies are planning an IPO. Flipkart, Zomato, and Pepperfry are some of the other companies planning an IPO this year and the unlisted share price of these companies have already gone up. However, Nykaa will be the first company that focuses only on online beauty and fashion segment in India to come up with an Initial Public Offering (IPO). Although the company has not yet decided whether it would list at Indian exchange or opt for foreign listing, but the demand for unlisted shares of Nykaa has gone with the hopes of IPO!

Some of the investors who are already invested in Nykaa and may offer for sale their stake during the IPO are Hero Enterprise, Fidelity Management and TPG. Nykaa had raised last round in November 2019 from Fidelity Investments at a valuation of $2bn and gave an exit to early investors and employees.

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