What is the valuation of Nykaa?

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What is the valuation of Nykaa?

At a valuation of nearly $14 billion, Nykaa exceeded Indian food delivery startup Zomato Ltd’s (ZOMT.

Is Nykaa going for IPO?

Nykaa IPO is a main-board IPO of [.] equity shares of the face value of ₹1 aggregating up to ₹5,351.92 Crores. The IPO opens on Oct 28, 2021, and closes on Nov 1, 2021. Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Is Nykaa getting listed?

Nykaa is scheduled to be listed on stock exchanges NSE and BSE on November 11, 2021.

Is Nykaa a unicorn?

Nykaa is one of the very few profitable Unicorns in India and we believe that the company is well positioned to benefit from the exponential growth in the online beauty and fashion retailing business over the next decade.

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When did Nykaa turn profitable?

Nykaa reported INR 2,452.6 Cr in total revenue in the fiscal year ended March 31, 2021, up 38.10\% from INR 1,777.8 Cr in FY20. This is the first profitable year for the company, which reported losses of INR 16 Cr and INR 24 Cr reported in FY20 and FY19 respectively.

Is Nykaa profitable company?

Nykaa’s consolidated net profit of Rs 1.2 crore for the quarter ending September, 2021, is down 95\% from Rs 27 crore reported in the same quarter last year and 69 per cent, compared with the June quarter. Our first half losses last year were Rs 25 crore and second quarter last year was just Rs 4.7 crore of profit.

Is Nykaa IPO a good investment?

Now given the strong fundamental, the stock is certainly a buy and here we would point out what analysts suggest on Nykaa counter. Profit booking in the counter of Nykaa is expected to prolong for some more time and it can take the scrip to price levels between Rs. 2000-1800 levels.

What is the GMP of Nykaa IPO?

According to market observers, Nykaa IPO GMP today is ₹765, which is ₹35 higher from its yesterday’s grey market premium of ₹730.

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Is it worth investing in Nykaa IPO?

Nykaa aims to raise ₹5,352 crore with this public issue. About 17 investors are set to sell 4.3 crore equity shares in this IPO. Nykaa’s profitability is one of the major reasons for analysts’ recommendation for the stock….Looking to invest in Nykaa’s IPO? Here’s what analysts are saying.

Analysts Recommendation
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Is it good to buy Nykaa shares?

I would continue to recommend investors to buy Nykaa shares at around ₹1900 per share levels for two year target of ₹3600 maintaining strict stop loss at ₹1770 per share levels,” said Ravi Singhal, Vice Chairman at GCL Securities.

Is Nykaa share profitable?

According to Nykaa’s first quarterly results after listing, its net profit fell 96\% to Rs 1.2 crore in Q2 as marketing costs surged before its IPO. Nykaa’s shares fell as much as 7.4\% to Rs 2,185 on Monday, before paring some losses to trade 3.28\% lower.

Is Nykaa loss making company?

How much stake will Nykaa stock offer in IPO?

While not verifiable, it is expected that the company will offer around 10-20\% of its stake for the IPO. Nykaa is hoping to get a valuation of $3.5 billion and raise $500-$700 million with its IPO. It has on boarded Kotak Mahindra Capital and Morgan Stanley to manage the IPO.

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What is Nykaa’s valuation?

Today we go deep into Nykaa, the omnichannel beauty and personal care products seller, which is working towards an initial public offering (IPO) later this year for which it is seeking a valuation of around $3.5 billion. The Mumbai-based company will look to raise anywhere between $500 million and $750 million from its listing.

Will Nykaa go public in 2022?

Beauty and fashion retailer Nykaa is planning to go public in 2022 at a valuation of $ 4.5 billion (Rs 32,850 crores). According to a report in The Mint, the planned valuation witnesses a sharp rise from the company’s last valuation of $ 3 billion (Rs 21,900 crores).

Who are the managers of the new IPO of napnykaa?

Nykaa has appointed Kotak Mahindra Capital Co. and Morgan Stanley as managers for its initial public offering (IPO).