Nykaa (FSN e-commerce Ventures Ltd) IPO

India’s largest omnichannel beauty and wellness retailer Nykaa plans to raise about $500-700 mn at a valuation of ~$4-5 billion by listing on the Indian stock exchanges. Started in 2012 with the online space, it diversified into offline stores in 2015 and has 70+ stores under its operations. The company sells the products of 1200+ brands from all over the globe, 5.5 mn monthly visitors, 72% repeated customers, and processes ~1.3 mn orders per month.

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It reported Rs 1,800 cr revenue with Rs 94 cr EBITA for FY 2020 Read more

How do I apply for the Nykaa (FSN e-commerce Ventures Ltd) IPO?

You can apply for the Nykaa (FSN e-commerce Ventures Ltd) IPO using any supported UPI app by following two steps:

• Enter your bid on rocket
• Accept UPI mandate on your phone

On acceptance of the mandate, the bid amount will get blocked in your bank account.