Fashion e-tailer Nykaa files for Rs.4,000-Cr IPO; TPG, LightHouse, JM Financial, others to sell stak

Lifestyle ecommerce platform Nykaa has filed its draft red herring prospectus (DRHP) with capital markets regulator Sebi to raise INR 4,000 crore via an initial public offering (IPO). The issue will comprise a fresh offering of shares worth INR 525 crore and a sale of 4.31 crore shares by existing shareholders. While promoter Sanjay Nayar Family Trust will sell 48 lakh shares through an offer for sale, other investors who have proposed to sell a portion of their shares include TPG, Light House India Fund, JM Financial, Yogesh Agencies, Sunil Kant Munjal, Harindarpal Singh Banga, Narotam Sekhsaria and Mala Gaonkar.