SEBI sanctions Nykaa’s IPO worth Rs 4,000 crore
On Thursday, omnichannel magnificence and consumer-care merchandise retailer Nykaa obtained approval from the Securities and Exchange Board of India (Sebi) for a primary public providing source with knowledge of the event affirmed. According to banking sources, the firm will file an updated draft purple herring prospectus with the market regulator Sebi on Thursday to intensify the primary issue dimension from Rs 525 crore to Rs 630 crore. The IPO may even embrace a proposal for sale (OFS) wherein existing shareholders will promote up to 431.1 lakh shares. The Sanjay Nayar Family Trust, a promoter, will advance 48 lakh shares, and…