Nykaa IPO: Adding the sparkle to IPO street this week

India's biggest cosmetics etailer Nykaa is set to add sparkle and glam to investors portfolio as it launches its much awaited IPO this week. Nykaa will be the second Indian startup to go public this year after Zomato and the street is awaiting to see if the sizzle can be repeated.

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Nykaa IPO Details:

• Issue Dates: Open on Oct 28 and close on Nov 1
• Issue Price: Rs 1,085-Rs 1,125
• Valuation: 53,200 crore

About the company

Nykaa is among a few profitable startups in India, its website, app and its 70-odd brick-and-mortar stores combined to give the company revenues of $330 million in the fiscal year ended in March, according to the company’s filing.

which got a major boon during the pandemic. It reported a net profit of Rs 61.96 crore in the fiscal ended March 31, compared to a net loss the year before that.