News From Press Why mutual funds found investing in Nykaa's IPO fashionable despite stiff valuations

Why mutual funds found investing in Nykaa's IPO fashionable despite stiff valuations

Source: Moneycontrol Oct 30, 2021

The IPO of Nykaa, an online multi-brand beauty and personal care platform, got Rs 798 crore worth of investments from domestic mutual funds. Moneycontrol spoke to some of the fund managers to understand the factors they considered while investing in Nykaa’s IPO. Due to regulatory restrictions, they spoke on conditions of anonymity.

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