Mumbai, Maharashtra, IndiaCyril Amarchand Mangaldas acted as legal counsel to the book running lead managers on initial public offering (IPO) of FSN E-Commerce Ventures Limited (Nykaa), comprising of 47,575,326 equity shares of face value of INR 1 each for cash at a price of INR 1,125 per equity share (including a share premium of INR 1,124 per equity share) (\u201cOffer Price\u201d) aggregating to INR 53,497.24 million (the \u201cOffer\u201d). Nykaa is India\u2019s first profit making unicorn to list on the stock exchanges and one of the first beauty and e-commerce company to list in India.<\/p>\n
The Capital Markets and General Corporate Practices\u00a0of Cyril Amarchand Mangaldas advised on the transaction.<\/p>\n
The transaction team was led by Cyril Shroff, Managing Partner; Yash Ashar, Partner & Head \u2013 Capital Markets; and Abhinav Kumar, Partner; with support from Rohit Tiwari, Principal Associate; Parth Desai, Senior Associate; Jhalak Shah, Associate; Vibham Raman, Associate; and Vartika Bhatnagar, Associate.
\nReeba Chacko, Partner & Head \u2013 Corporate; and S. Harish, Partner; advised on e-commerce and IOCC Issues.
\nThe Offer comprised a fresh issue of 5,602,666 equity shares aggregating to INR 6,300.00 million and an offer for sale of 41,972,660 equity shares aggregating to INR 47,197.24 million by the selling shareholders which included a promoter selling shareholder, certain investor selling shareholders and certain individual selling shareholders.<\/p>\n
Kotak Mahindra Capital Company Limited and Morgan Stanley India Company Private Limited acted as the global coordinators and book running lead managers to the Offer. BofA Securities India Limited, Citigroup Global Markets India Private Limited, ICICI Securities Limited and JM Financial Limited acted as the book running lead managers (BRLMs) to the Offer.<\/p>\n
Other parties involved in the transaction are AZB & Partners (Legal counsel to Nykaa and promoter selling shareholder as to Indian law), Sidley Austin LLP (International legal counsel to BRLMs) and Trilegal (Legal counsel to the investor selling shareholders and individual selling shareholders).<\/p>\n
The Transaction was signed\u00a0on April 29, 2021 and closed on November 10, 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"
Mumbai, Maharashtra, IndiaCyril Amarchand Mangaldas acted as legal counsel to the book running lead managers on initial public offering (IPO) of FSN E-Commerce Ventures Limited (Nykaa), comprising of 47,575,326 equity shares of face value of INR 1 each for cash at a price of INR 1,125 per equity share (including a share premium of INR […]<\/p>\n","protected":false},"author":1,"featured_media":61130,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[47719],"class_list":["post-61129","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-law-news","tag-cyril-amarchand-mangaldas-advised-nykaa-on-its-ipo"],"yoast_head":"\n