Nykaa, an Online make-up and cosmetics shopping platform is thriving their business with each passing day. The net worth of Nykaa is 85 billion INR according to research founder of Nykaa, Falguni Nayar again opened Initial Public Offering (IPO) for Nykaa today, the allotments are ready to offer to those who are interested in buying 2.64 crores shares are offered by Nykaa the shares which were opened for allotment on 28th of October and ended on 1st of November. And a set of prices offered by Nykaa is in the range of 1,085 to 1,125 INR and on the 8th of October, anyone who has applied for share allotment can check their status.
The objective to issue allotments for the public offering is quite clear, Nykaa wants to open more door outlets in different states they have an estimated budget for this which is worth 350 million INR.
The second reason for a public offering is setting up more warehouses for the storage of cosmetics, outfits and everything Nykaa deals in and the estimated budget for this purpose is 350 million INR.
Nykaa’s founder Falguni Nayar is also looking forward to clearing their debts with outsiders and they are actively willing to pay back outstanding loans and borrowing from the market amounting to 1300 million INR.
And rest of the funds they want to utilize in making the brand more noticeable and wants to spend on marketing and advertising of Nykaa.
To check Nykaa’s offering procedure and allotment status you can click on the given link and enter your PAN Card number and then proceed for further process.