Indian beauty startup Nykaa aims for a valuation above $7b in Indian IPO

Indian beauty startup Nykaa aims for a valuation above $7b in Indian IPO

Nykaa founder Falguni Nayar. Photo: Abhijit Bhatlekar/Mint

FSN E-Commerce Ventures Ltd, the parent of cosmetics e-tailer Nykaa, has fixed the price band of its initial public offering (IPO) at 1085-1125 a share. It is looking for a valuation of 52,574 crore (around $7.4 billion).

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter