FSN E-Commerce the operator of Nykaa, has fixed the price band of Rs 1,085-Rs 1,125 for IPO The initial public offering will remain open on October 28 and close on November 1. The company is seeking a valuation of $ 7bn. The Total issue size is at ~ Rs5350 cr. Nykaa’s IPO will consist of fresh equity issuance of Rs 630 crore and secondary share sale of Rs 4,722 crore. Some of them include promoters Falguni Nayar and Sanjay Nayar, private equity firms TPG and Lighthouse. Nykaa plans to use the IPO proceeds to set up new retail stores, fund capital spending and repay debts. Vinnii Motiwala is here with more details.