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    ISEC   INE763G01038

ICICI SECURITIES LIMITED

(ISEC)
  Report
Delayed Quote. Delayed NSE India Stock Exchange - 11/30 06:25:28 am
732 INR   -1.38%
11/26Indian shares drop most in 7 months on fears over new virus variant
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11/25Indian GDP likely boosted in July-Sept as lockdowns lifted
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11/25Indian GDP likely boosted in July-Sept as lockdowns lifted
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Indian beauty startup Nykaa aims IPO at valuation of above $7 bln

10/22/2021 | 08:13am EST

MUMBAI, Oct 22 (Reuters) - Indian startup FSN E-Commerce Ventures, which runs beauty company Nykaa, has priced its initial public offering (IPO) at 1,085 rupees to 1,125 rupees per share, giving it a valuation of as much as $7.11 billion.

The company aims to raise nearly $500 million through a three-day IPO subscription starting from Oct. 28 to Nov 1. The IPO involves issuing new shares worth up to 5.25 billion Indian rupees ($70.13 million) and offering up to 43.1 million of its existing shares.

The company's investors include private equity firm TPG, Fidelity and Indian film actress Alia Bhatt. Nykaa will use the IPO proceeds to set up new retail stores, fund capital spending and repay debts, according to the prospectus.

The bookrunning lead managers for the IPO include BofA Securities, Morgan Stanley, Kotak Mahindra Capital, Citigroup, ICICI Securities and JM Financial.

Earlier this year, food-delivery firm Zomato Ltd made a stellar stock market debut.

Other Indian startups to enter the market include Paytm, which is backed by Berkshire Hathaway Inc-backed, and hospitality company Oyo Hotels and ride-hailing firm Ola, which are both backed by SoftBank.

($1 = 74.8600 Indian rupees) (Reporting by Nupur Anand; Editing by Edmund Blair)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ICICI SECURITIES LIMITED -1.38% 732 Delayed Quote.60.42%
SOFTBANK CORP. -0.79% 1562.5 End-of-day quote.20.84%
SOFTBANK GROUP CORP. -2.87% 6030 End-of-day quote.-25.17%
ZOMATO LIMITED 2.31% 152.55 Delayed Quote.0.00%
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Financials
Sales 2022 32 257 M 430 M 430 M
Net income 2022 13 182 M 176 M 176 M
Net cash 2022 8 894 M 118 M 118 M
P/E ratio 2022 17,9x
Yield 2022 3,81%
Capitalization 236 B 3 144 M 3 145 M
EV / Sales 2022 7,05x
EV / Sales 2023 6,60x
Nbr of Employees 14 413
Free-Float 25,1%
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ICICI Securities Limited Technical Analysis Chart | ISEC | INE763G01038 | MarketScreener
Technical analysis trends ICICI SECURITIES LIMITED
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Mean consensus OUTPERFORM
Number of Analysts 6
Last Close Price 732,00 INR
Average target price 888,33 INR
Spread / Average Target 21,4%
EPS Revisions
Managers and Directors
Vijay Kumar Chandok Chief Executive Officer, Executive Director & MD
Harvinder Jaspal Chief Financial Officer
Vinod Kumar Dhall Chairman
Subhash Kelkar Chief Technology & Digital Officer
Prasannan Keshavan Head-Operations
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