Nykaa IPO: Beauty startup dresses up for its launch on likely on October 28

Adding the glam to the IPO calendar, Nykaa is likely to launch its three-day initial public offering (IPO) on October 28.

According to reports, the omni-channel beauty and consumer-care products retailer is reportedly planning to raise as much as Rs 5,200 cr through its IPO, wherein existing shareholders will offload up to 43.11 lakhs shares

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Nykaa is India's largest omnichannel marketplace for women with approx. 15 million registered users. The beauty retailer caters to 1.5 million orders a month. What sets Nykaa apart is that it is the only startup that is profitable.

Nykaa now boasts of over 1,500 brands in its portfolio, including leading luxury labels such as Bobbi Brown, L’Occitane and Estee Lauder, and it has even opened 68 brick and mortar stores in the country.