IPO papers with Sebi between May and August, obtained its "observations" during October 11-14, an update with Sebi showed on Monday.
In Sebi parlance, issuance of observations implies its go-ahead to float the initial public offering (IPO). Going by the draft papers, the IPO of FSN E-Commerce Ventures Ltd, which runs online marketplace for beauty and wellness products Nykaa, comprises fresh issue of equity shares worth ₹525 crore and an offer for sale (OFS) of 43,111,670 equity shares by promoter and existing shareholders.
Those selling shares in the OFS are -- promoter Sanjay Nayar Family Trust and shareholders, TPG Growth IV SF Pte Ltd, Lighthouse India Fund III, Lighthouse India III Employee Trust, Yogesh Agencies & Investments, J M