Nykaa

No one would have thought that a beauty retailer will make it to the list of upcoming IPO 2021.

Nykaa E-retail Pvt. Ltd is planning IPO in FY22, and considers a post-IPO valuation of USD 4.5 billion. Nykaa has over 15 million users and processes 1.5 million-plus orders a month.

Nykaa is eyeing an IPO size between Rs 500-700 million, according to sources. This makes it one of the top upcoming IPO of 2021.