News > Nykaa sets IPO launch date, seeks valuation of $7.4 billion

Nykaa sets IPO launch date, seeks valuation of $7.4 billion

22/10/2021 11:58 AM | Click to read full article

Nykaa, an online retailer of cosmetics and personal care products, will launch its three-day initial public offering on October 28 to raise as much as Rs 5,200 crore, people with direct knowledge of the matter said on Thursday.

"An anchor placement of up to Rs 2,340 crore will open on Wednesday (Oct. 27), and the IPO will close on Monday, November 1," one of the people cited above said.