Nykaa raises ahead of 'IPO' ₹2,396 crore from anchor investor

28th October 2021, Mumbai:

FSN E-Commerce Ventures, the company that runs under the Nykaa brand name 'An online marketplace for beauty and wellness products' has raised ₹2,396 crores from "Anchor Investors".

Investors pie goes like," Marquee financial giants such as Blackrock, Capital Group, Fidelity and the Singapore government (Sovereign), etc. This also had on the back of the interest it has generated in desi giants viz SBI Mutual Fund, HDFC Mutual Fund & ICICI Prudential MF.

The exciting listing for Nykaa is to open on Thursday and be closed on November 1st,2021, (Pre-Diwali) is set to raise close to ₹5,350 crores with the following construct that ₹4,722 crores is supposed to be an offer for sale, remainder ₹630 crores as envisaged will accrue to the company.

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