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Nykaa looks for $4.5 billion valuation during IPO

Multimedia reports in Jan had recommended that Nykaa is searching for a valuation of $3 billion for that itemizing.

Media reports in January had recommended that this store is seeking a valuation of $3 billion dollars for that itemizing.

A surge in revenue and profit for your e-trade system has generated the rise in Nykaa’s valuation, sources shared with the papers.

“The general public supply is going to be along with a proposal on the market to provide an get out of to pre-existing buyers. A 10-20 percent stake of the company could be offered to the public for an adequate free-float,” one of the sources said, although the price band is yet to be decided.

Nykaa was established by Falguni Nayar in 2012. According to the report, its e-commerce platform currently has 15 million registered users and caters to 1.5 million orders a month.

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