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 process ~1.3 mn orders per month.
It reported Rs 1,800 cr revenue with Rs 94 cr EBITA for FY 2020.
How do I apply to the Nykaa IPO?
You can apply for the Nykaa IPO using any supported UPI app
by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here
to learn more.