Sources tell Moneycontrol that Nykaa will be promoter-owned post-listing as Falguni Nayar & family will own a controlling stake of over 51%.
Ajay Tyagi, chairman of the Securities and Exchanges Board of India, today met with the officials of national exchanges, depositaries and Clearing Corporation for the first time since taking over office.
While lowering the IPO costs for the companies and investors, Sebi also allowed a larger number of companies to tap the 'fast-track' route for raising funds from markets from the existing and new investors.
In a new wave of reforms, markets regulator Sebi is set to herald an e-IPO system to allow investors to bid online in the public offers, while the new-age startups will get a separate platform to raise funds and list their shares with an easier set of regulations.
The decision of the market regulator Sebi to allow e-IPO or electronic issuance of IPO is likely to increase retail participation and may provide momentum to the primary market, experts said today.
Prithvi Haldea, CMD of Prime Database believes the changes introduced by Sebi is not only important but is also far reaching. The e-IPOs will significantly improve the reach of IPOs and the restrictions on revision of bids will help prevent malpractices.
The Securities Exchange Board of India will meet on Thursday to decide on a wide range of reforms for the primary market.
Very soon, you will be able to invest in an initial public offer electronically. Markets regulator Securities and Exchange Board of India (SEBI) has said implementing e-IPOs is next on its agenda to revitalise the primary market.
Regulator SEBI is considering a proposal to allow the companies to sell shares through an all-electronic Initial Public Offer (e-IPO), wherein investors would be able to bid for shares electronically and without the need for signing any papers physically.