Brand Nykaa, founded by Falguni Nayar had the blockbuster debut in the Indian stock market on November 10. Also Alia Bhatt and Katrina Kaif who have invested in the company reap 10X gains in their investments.
“It is one of the very few profitable new-age companies and is the first women-led unicorn which also attracted a lot of investor interest. Apart from leadership in online BPC in India, Nykaa is also one of the fastest-growing fashion platforms in India based on GMV (gross merchandise value). Given 35 per cent market share of Nykaa in online BPC, we believe Nykaa is rightly placed to tap the high growth digital/online penetration in BPC/Fashion market,”
Sneha Poddar said
Nykaa- The Profitable New Age Business!
On November 10, FSN E-Commerce Ventures, the parent company of beauty startup Nykaa, hit Dalal Street.Its IPO was over 82 times oversubscribed. After beginning at Rs 2,018 in pre-open trade, shares soared 89.2 per cent to Rs 2,129 on launch day, bringing the company’s worth to about $13 billion.
FSN E-Commerce Ventures’ stock finished at 2,216.25 on the Bombay Stock Exchange on November 11, up 0.43 per cent from the previous day.
“Nykaa made a bumper listing today. It is among the rare lucrative new edge businesses. Furthermore, it is a high-growth company and into the right business where it may remain to grow in double digits for many years. We are bullish on this counter and see it as a good bet for the long term,”
Rahul Sharma, Co-Founder at Equity99.
Alia And Katrina’s Investment In Nykaa
On November 10, Nykaa Founder Falguni Nayar’s net worth jumped to over Rs 56,600 crore, or $7.7 billion, thanks to the bumper listing. Nayar owns 53.5 per cent of Nykaa, which he founded in 2012.
Alia’s share in FSN E-Commerce Ventures increased to Rs 54 crore on November 10 after she deposited Rs 4.95 crore in July 2020, according to YourStory.
In 2018, Katrina Kaif invested Rs 2.04 crore in a joint venture called Nykaa-KK Beauty. After the closing of trading on November 10, Katrina’s investment had risen to Rs 22 crore.
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