According to deal terms, the offer size involves the sale of up to 60 million shares, representing 2.1% of the company’s total shareholding. The offer floor price is pegged at Rs 200 per share — a discount of nearly 5.5% to Nykaa’s last traded price of Rs 211.59 on July 2.
The entire transaction is a 100% secondary sale and is being managed by global investment banks Goldman Sachs (India) Securities and JP Morgan India. No fresh equity is being issued, and the proceeds will entirely accrue to the selling shareholders.
The trade is expected to be executed on July 3, with settlement on July 4, 2025. A lock-up period of 45 days has been imposed on the vendor and its affiliates, barring them from selling further shares during this period.
While no official pricing guidance has been issued, investors are expected to indicate their bids based on demand across the price range. Final pricing will be discovered via the screen-based mechanism when the trade crosses the exchange.
The books are slated to close by 7:30 am on July 3. Foreign portfolio investors (FPIs) may participate, but allocations will depend on available regulatory headroom under Indian laws.Also read: Sebi opens 6-month special window for investors to re-lodge rejected physical share transfer deeds
The sale comes with standard selling restrictions, with participation barred for retail clients and distribution restricted in the US and Canada to specific institutional investors under applicable securities laws. Eligible buyers must also sign and return an investor representation letter to the placement agents.
The move underscores strategic stake monetisation by Nykaa’s key shareholders at a time when the company’s stock has shown a mild recovery and institutional interest remains high in India’s consumer-tech space.
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