Updated on August 22, 2024 at 22:54 IST

Nykaa Block Deal: 4.09 crore shares for sale – Check reserve price and other details

Nykaa Shareholders Harindarpal Singh Banga and Indra Banga will sell up to 40.9 million shares, corresponding to a 1.4% stake in the company, according to a block deal. Bloomberg News.

The minimum offer price for the Nykaa shares was set at ₹198, lower than Thursday’s closing price of ₹210.42. The sale is seeking to raise 8.1 billion rupees (about $96 million), with Goldman Sachs and JPMorgan managing the transaction, Bloomberg News reported.

Nykaa Q1FY25 results

Nykaa reported that its consolidated revenue from operations increased 23% YoY to Rs 1,746 crore in Q1FY25. Net profit for the first quarter of the current financial year increased 150% YoY to Rs 13.6 crore. EBITDA increased 31% YoY to Rs 96.1 crore in Q1FY25. EBITDA margins were 5.5% in Q1FY25 as against 5.2% in Q1FY24.

Nykaa Fashion reported a healthy GMV growth of 15% YoY, a result of high growth in core categories of women’s western wear, which grew 34% YoY, as well as growth in new categories such as lingerie and athleisure, which delivered strong GMV growth of 54% and 110% YoY, respectively.

Nykaa share price Today

Nykaa Limited share price closed at Rs 210.40 on August 22, 2024, down by Rs 0.35 (0.17%). The company’s market capitalization was ₹ 60,114.91 crore.

Nykaa IPO

Nykaa’s IPO was held in 2021 with an objective to raise funds of Rs 5,351 crore. The issue comprised both a fresh issue of Rs 630 crore and an offer for sale of Rs 4,721 crore. The price band of the IPO was fixed at Rs 1,085 to Rs 1,125. Nykaa’s shares are listed on the BSE and NSE at Rs 1,125.

Since its IPO, Nykaa shares have fallen 80%.