Nykaa IPO GMP Today, Share Price, Dates, Financials, and Review (Opens Today)

The Nykaa IPO is now ready for subscription and listing on the NSE and BSE. It was started in 2012 under FSN E-Commerce Ventures and has come a long way to become India’s leading beauty, wellness, fashion, and personal care marketplace. The Nykaa IPO is opening today for subscription.

The company has 13 brands including the likes of Nykaa Cosmetics, Nykaa Naturals, and Kay Beauty. It operates in online space in Nykaa and NykaaFashion, and NykaaMan while it also has offline presence via 80 stores in 40 cities of India.

Nykaa is headed by Falguni Nayar (former investment banker) and backed by TPG (private equity firm). The Nykaa IPO is planning to raise Rs 5200 crores and is valued at $7.4 Billion. It has a fresh issue of equity shares worth Rs 630 crores and offer-for-sale of 4.19 crore shares.

The promoters and existing shareholders of Nykaa IPO include Sanjay Nayar Family Trust, TPG, JM Financial, and Lighthouse India among 16 others. It will be managed by Kotak Mahindra Capital, Morgan Stanley India, BofA Securities India, Citigroup Global Markets India, JM Financial, and ICICI Securities.

The Nykaa IPO of 2340 crores will open for anchor investors on 27th October. Moreover, Nykaa employees can grab upto 2.5 lakh equity shares at a discount of up to 10%. You can also check all the Latest IPO News for upcoming IPOs in 2021. Besides, there are Nykaa offers and NykaaMan coupons which can save you extra bucks! 

The Nykaa IPO will be open for subscription for 3 days only as stock markets are closed on 30th and 31st October 2021 due to weekends. Check the tentative Nykaa IPO Dates below.

The Nykaa IPO Share Price is fixed between Rs 1085 to Rs 1125 per equity share. Its face value is Rs 1 per equity share.

The Nykaa IPO Lot Size is 14 with each lot containing 12 shares. You can apply for a minimum of 12 shares worth Rs 13,500. The maximum you can apply is for 168 Nykaa shares worth Rs 1,89,000. You can Apply for Nykaa IPO via Zerodha. Also, you can Subscribe to Nykaa IPO with 5Paisa.

As we can see in the table below, the Nykaa IPO GMP Today is good. However, it has gone down by Rs 50 in a day so is a bit of concern. Keep checking for updated Nykaa IPO Grey Market Premium.

First let's check the assets value of Nykaa. In 2019, it was 775 crores while in 2020 it jumped to 1124 crores. In 2021, it again rose to 1301 crores. Next up is the revenue. The company reported a revenue of 1116 crores in 2019, 1777 crores in 2020, and 2452 crores in 2021. Thus, revenue has been booming. Finally, we have the main financial aspect i.e. profits. In 2019, profit was 24 crores, but it dropped to 16 crores in 2020. However, in 2021 it gained momentum and achieved 61 crores. Therefore, the company’s financial performance is good.

Note : The above mentioned financials are restated consolidated and approximate as per the Nykaa IPO DRHP (draft red herring prospectus).

Nykaa has 80 brick & mortar stores across Nykaa Luxe, Nykaa On-Trend, and kiosks in 40 Indian cities. Besides, it operates online via Nykaa and Nykaa Fashion. Thus, its presence is good in both online and offline space.

Nykaa does not have any competitor listed on the stock exchange till now which gives it a great edge. Moreover, it recently acquired Dot & Key which is a skincare brand. This shows its expansion focus.

As of March 2021, Nykaa had 12.6M followers on its social media platforms which is a huge number. Moreover, during FY 2019-21, it had 57% CAGR in GMV and 48% CAGR in revenue with 6.61% EBITDA margin.

Even after the Nykaa IPO, Falguni Nayar and family will continue to hold a major stake in the company. This tells us about the passion and trust in the venture and the urge to keep going. Nykaa has 3.1M SKUs from 4078 national and international brands which tells us about its huge inventory and brand reach.

Another upside is that Nykaa’s mobile apps have around 44M downloads and 87% of its online GMV is via these Nykaa apps. The company plans to come up with new retail outlets and warehouses via the Nykaa IPO earnings. However, the only downside is that it will use the earnings for its debt repayments.

This all tells us that the Nykaa IPO is worth a subscription. Moreover, its strong financials, company background, high GMP, and future prospects add to it. However, its price is above Rs 1000 per share which might raise questions for middle class investors.

What do you think about this Nykaa IPO? Please share your views below as it will help other Dimers who are interested in investing via IPOs. 

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