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IPO

Nykaa raises Rs 2,396 crore from anchor investors

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Nykaa logo
Date
Company
Nykaa
What it does
Nykaa, beauty retailer
Kind
IPO
Amount
Rs 2,396 crore
Stage
Anchor round
Based in
Mumbai
Founded
2012

What they do

Nykaa allotted about 21.3 million shares to large institutional buyers at Rs 1,125 each before its public offer opened

What happened

The anchor round (big investors buying a day before the public issue) brought in Rs 2,396 crore

Why it matters

The public share sale was set to open for subscription the next day, on Thursday 28 October 2021

The details

  • Nykaa set aside 21,296,397 shares for anchor investors.
  • The price was Rs 1,125 a share.
  • The anchor book raised Rs 2,395.84 crore.
  • The IPO opened to the public the following day.

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