Makeup player Colorbar is planning to go public by early 2027.
The deets: Colorbar is a part of the ₹1.5 trillion Modi Enterprises group & it is valued between ₹25,000–35,000 crore. The brand is built around high-quality, cruelty-free makeup and skincare.
Colorbar has a moderate presence among Gen Z, driven by its accessible pricing and trendy packaging. However, the initial buzz around the brand has tapered off in recent years, making room for newer, influencer-led entrants in the beauty space.
Worth noting: Colorbar has its sights set on doubling revenue to ₹1,000 crore in FY26, and is betting big on premiumisation from luxe packaging to store upgrades.
Zoom out: with Nykaa and Mamaearth already listed, India’s beauty IPOs have had mixed results. Despite buzzy launches, both stocks have faced pressure from high competition and thin margins. Colorbar will need to show that it can scale profitably, not just prettily.
That said, Colorbar’s IPO timing could still work, India’s beauty industry is booming, with deal counts and venture funding touching all-time highs.
