Nykaa founder Falguni Nayar joins the ranks of self-made billionaire women
Nykaa’s debut in the Indian stock market on November 10 helped celebrity investors Alia Bhatt and Katrina Kaif earn 10X gains in their investments. Shares of FSN E-Commerce Ventures, the parent entity of beauty startup, hit Dalal Street on November 10. Its mega IPO was subscribed nearly 82 times. Shares surged 89.2 percent to Rs 2,129 on debut day after opening at Rs 2,018 in pre-open trade, taking the company’s value to almost $13 billion.
Alia, who had invested Rs 4.95 crore in FSN E-Commerce Ventures in July 2020, saw her shareholding grow to Rs 54 crore on November 10.
Katrina Kaif had invested Rs 2.04 crore to set up a joint venture called Nykaa-KK Beauty in 2018. KK Beauty retails the cosmetic brand Kay Beauty. Katrina’s investment soared to Rs 22 crore after close of trading on November 10.