Nykaa IPO opens today

The initial public offering  (IPO) of online beauty e-commerce platform Nykaa will open today. Price band of the IPO has been fixed at Rs 1,085-1,125 per share. The share sale will close on November 1.

The firm, operated by FSN E-Commerce Ventures, aims to raise Rs 5,350 crore by going public. The share sale comprises equity shares aggregating up to Rs 630 crore (fresh issue) and an offer for sale of up to 41,972,660 equity shares being offered by the selling shareholders (offer for sale or OFS).

Nykaa IPO opens today: Should you subscribe to the share sale?

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