NYKAA IPO
Why Walmart would rather keep Flipkart private, for now
Over the past few weeks, much has been written about former employees of the online commerce company writing to Walmart's board, asking for liquidity on the stock options they were granted 10 to 15 years ago. On October 1, at least eight former senior executives, among them former Myntra CEO Mukesh Bansal and former chief business officer Ankit Nagori, wrote to Walmart chairman Gregory Penner, other board members and Flipkart Group CEO Kalyan Krishnamurthy, seeking a complete exit for all former employees holding vested options.
Nifty rally faces crucial test at key resistance levels: Analysts
Nifty gained 3% last week, forming a higher-top and higher-bottom structure, indicating bullish sentiment. Analysts suggest it must breach key resistance levels for more substantial gains ahead. Meanwhile, Bank Nifty is approaching significant resistance, which may hinder further upside potential shortly. Key stocks like Coforge, Kotak Bank, and Indian Hotels present buying opportunities based on technical analysis.
ElevenLabs CEO on AI slowdown; Prosus dials up fintech bets
Happy Wednesday! ElevenLabs CEO Mati Staniszewski weighs in on the AI slowdown debate. This and more in today’s ETtech Morning Dispatch.
Listed startups unlock Rs 25,000 crore for VC, PE investors
An ET analysis of National Stock Exchange (NSE) and BSE block and bulk deal disclosures across 18 new-age companies shows sales by investors including Japan’s SoftBank group and venture capital firms Peak XV Partners, Elevation Capital and Accel.
IRDAI's commission reset impact; ETSA winner Progcap’s next bet
Happy Friday! IRDAI's overhaul plan could significantly impact the new-age insurance distribution industry. This and more in today’s ETtech Morning Dispatch.
Kotak Mahindra Bank to take legal action against BharatPe’s Ashneer Grover in IPO financing matter
BharatPe cofounder Ashneer Grover and his wife Madhuri Grover sent a legal notice to Kotak Mahindra Bank on October 31, 2021, for failing to provide financing in the Nykaa IPO.
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Nykaa shares list at a premium of almost 80%, market cap hits Rs 1 lakh crore mark
Nykaa IPO was open for subscription from October 28-November 1 to raise Rs 5,352 crore from its primary stake sale.
Nykaa IPO: Here's how to check allotment status
The IPO of FSN E-Commerce Ventures had a fresh issue of equity shares worth Rs 630 crore and an offer for sale (OFS) of 4,19,72,660 equity shares by the promoter and existing shareholders.
Nykaa IPO seeking about Rs 5,400 cr gets second highest bids ever at Rs 4.38 lakh cr
The Rs 5,351.92-crore initial public offering of FSN E-Commerce Ventures, operator of fashion and beauty e-commerce platform Nykaa, was subscribed 81.78 times on the final day of bidding on Monday. The issue received bids worth Rs 4.38 lakh crore, the second-highest ever for an IPO.
Nykaa IPO subscribed 81.8 times on last day of subscription
The quote for retail investors received 12.3 times bids, whereas QIB's quote was subscribed 92.2 times. HNI investor's portion was subscribed 112.5 times, the data from NSE suggested.
Nykaa IPO closes today: What grey market trend & analysts are suggesting
The new-age company is commanding a solid premium of Rs 570 apiece which is more than 50 per cent of its issue price. The premium in the unofficial market fizzled out marginally from Rs 600 following the sharp decline in the secondary market, led by FII selling and disappointing Q2 earnings.
Nykaa IPO subscribed 4.8 times on Day 2 on retail thrust
The majority of brokerages are positive on the IPO and have given it a subscribe rating. However, Marwadi Shares and Finance has given a 'subscribe with caution' rating to this IPO.
Nykaa IPO is fully subscribed on Day 1
The Rs 5,352-crore IPO of fashion and beauty eCommerce platform Nykaa has been fully subscribed on the first day of bidding. The offer has received bids for 41 million equity shares against the 26.4 million on offer, getting an overall demand of 1.55 times, according to exchange data available at 5 PM on Thursday.
Nykaa IPO fully subscribed on Day 1 of bidding process
Investors can apply for Nykaa IPO till Monday, November 1.
Nykaa IPO opens today: Should you subscribe or avoid the e-tailer?
Nykaa is a multi-brand beauty and personal care platform in India and is expanding rapidly into fashion and lifestyle segments. It is also trying to woo men with the launch of Nykaa Man.
Nykaa raises Rs 2,400 crore from anchor investors
Fashion and beauty ecommerce platform Nykaa has raised Rs 2,400 crore from a bunch of anchor investors, including Canada Pension Plan Investment Board, BlackRock, and Fidelity, as the platform set up by banker-turned-entrepreneur Falguni Nayar is set to launch its Rs 5,325-crore public issue on Thursday.
Borrowing for IPOs to cost twice as much
As liquidity tightens and fails to match surging demand toe to toe, interest rates have jumped from 6-7% to 12-13% in two months. With a dozen IPOs set to hit the market over the next couple of weeks, brokers expect liquidity to tighten and funding rates to go up further.
Nykaa IPO heavily oversubscribed by anchor investors
Investment firm Blackrock Capital Group and asset manager Fidelity were among the top buyers in the$319.68 million sale of shares that FSN E-Commerce Ventures, the company which owns the Nykaa brand.
Nykaa IPO details: All you need to know before subscribing
Shares in the Nykaa IPO, which will be a mix of fresh stock and an offer for sale, will be issued in a price band of Rs 1,085-1,125 apiece to raise as much as Rs 5,352 crore at a valuation of $7.1 billion.
Nykaa to launch IPO on October 28, seeks valuation of $7.4 billion
Shares in the Nykaa IPO will be issued in a price band of Rs 1,085-1,125 apiece to raise as much as 5,352 crore at a valuation of $7.4 billion. Founder Falguni Nayar will continue to hold a majority stake in FSN E-Commerce Ventures after the IPO.
Nykaa IPO opens for subscription this week: Key things to know before you apply
The company will utilize net proceeds from the fresh issue for establishing new retail stores. The remaining portion will be considered for repayment of debt and enhancing the brand visibility.
Enough left on the table for the investor while fixing Nykaa IPO pricing: Falguni Nayar
“We have made sure that we leave a reasonable amount on the table so that no investor ever feels that they did not get the right deal, should there be volatility in the market.”
IPO-bound Nykaa acquires D2C skincare brand Dot & Key
“Dot & Key will join Nykaa’s stable of owned brands,” India’s biggest etailer of cosmetics says. The acquisition comes days ahead of the Nykaa IPO that’s likely to launch on October 28 to raise as much as Rs 5,200 crore.
Post-IPO, Nykaa founder Falguni Nayar will remain in the saddle
Nayar is expected to have strong control over the company compared to founders of other startups
Ex-banker gets her turn as billionaire startup CEO in Nykaa IPO
If the IPO goes as planned, Nykaa will be India’s first women-led unicorn to go public.
Nykaa changes status to public company ahead of IPO filing
In a special resolution passed on July 16 by its shareholders, the company said it has renamed itself from FSN e-commerce Ventures Private Limited to FSN e-commerce Ventures Limited ahead of the Nykaa IPO.
ETtech IPO Watch | How Nykaa's valuation, cap table have evolved over the years
Nykaa aims to raise anywhere $500-750 million from its IPO at a valuation of around $3.5 billion. The capital will help Falguni Nayar-led firm expand its business in a market that is seeing unprecedented investor interest.
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