Nykaa ecommers ipo – Beauty products

Majority of brokerages are positive on the IPO and have given it a subscribe rating. However, Marwadi Shares and Finance has a word of caution for investors. The brokerage has given a ‘subscribe with caution’ rating to this IPO.

Nykaa is a good brand for online shopping of different brand products especially for ladies as it has its own beauty products and it includes many other branded products too. I have ordered lip loss from this site and it was very goo

Considering the TTM as of June 2021, adjusted EPS of Rs 2.54 on a post-issue basis, the company is going to list at a P/E of 443.46 with a market cap of Rs 53,204 crore, it said. Nykaa IPO opened for subscription today, with the fashion e-commerce brand looking to raise Rs 5,352 crore in the primary market. Ahead of the IPO (Initial Public Offering), Nykaa’s parent company FSN E-Commerce Ventures Ltd managed to raise Rs 2,395 crore from 174 anchor investors,

Nykaa’s initial public offering (IPO) opens for bidding on Thursday (October 28) and it is one of the most sought after events in the Indian startup ecosystem, after the blockbuster listing of Zomato in the public market.

The beauty and fashion ecommerce company aims to raise ₹5,352 crore with this public issue. Of which, nearly ₹630 crore will be raised through fresh issue of shares.

Another reason behind the hype of Nykaa’s IPO is its profitability. The company has been EBITDA (earnings before interest, taxes, depreciation, and amortisation) positive since the financial year 2019. The indicated that the company was profitable at an operational level, even if it was reporting a loss after tax.

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