Nykaa bets on Kotak, Morgan Stanley for its $500 Mn IPO plan


Content Team
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After acquiring jewellery brand Pipa Bella this week, Mumbai-based beauty and lifestyle retailer Nykaa has reportedly selected Kotak Mahindra Capital Co and Morgan Stanely for its initial public offering (IPO) run. The company is looking to raise $500 Mn at a valuation of $4 Bn through the public offering. Nykaa is said to be looking to go public by the end of the year and could file the draft prospectus for the IPO by June 2021.