Nykaa IPO - Investment Rationale, Strategies, Risks, Concerns: KRChoksey

Nykaa IPO - Investment Rationale, Strategies, Risks, Concerns: KRChoksey

A display of Nykaa branded nail enamel at a Nykaa store in New Delhi, India. (Photographer Anindito Mukherjee/Bloomberg)

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

KRChoksey Research's IPO Report

FSN E-Commerce Fashion or 'Nykaa' is a multi-brand beauty, personal care and fashion platform.

Nykaa is founded and promoted by Falguni Nair, a former managing director at Kotak Mahindra Capital Company. The brand name Nykaa is derived from the Sanskrit word nayaka, meaning ‘one in the spotlight’.

In 2015, Nykaa expanded from online only to an omnichannel company and began selling products apart from beauty.

Going forward, Nykaa has plans to foray into international market and expand its presence in Middle East and Europe.

Nykaa also plans to open more retail stores, setting up warehouses and reduce its borrowings which augurs well for the company in long term.

Also Read: Nykaa IPO: All You Need To Know Before Subscribing

Click on the attachment to read the full IPO report:

KRChoksey Nykaa IPO Note.pdf
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This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.

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