Nykaa IPO: Beauty startup founder Falguni Nayar!
Nykaa IPO: As of Wednesday, shares of Nykaa surged as much as 89%, making Nayar’s stake in the company worth approximately $6.5 billion. According to Bloomberg Billionaires Index, she is now India’s wealthiest woman billionaire.
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A woman-led unicorn was listed for the first time on an Indian exchange through FSN E-Commerce Ventures, Nykaa’s parent company. The company raised $535 million ($722 million) from its initial public offering. As of 10:36 am, shares were down 78% on the Mumbai stock exchange.
The beginnings
Nayar established Nykaa in 2012, just a few months before turning 50. He previously headed one of the largest Indian investment banks. During that time, most women bought makeup and hair-care products from neighboring mom-and-pop stores where the selection was sparse and the possibility of trials unimaginable. Now is the time for Nykaa IPO!
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The company has since grown to become the country’s leading beauty retailer, bolstering sales with demo videos from Bollywood actors and celebrities, as well as over 70 brick-and-mortar stores. Nykaa is a brand of beauty products derived from the Sanskrit word for heroin, offering products such as skincare products, wedding make-up essentials, and lipstick, foundation, and nail colors to suit Indian skin tones and skin types. A filing states that the firm’s sales rose 35% to $330 million in the year ended in March. As an internet company making its public debut, Nykaa is profitable, a rarity among startups.
Nykaa IPO
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Stocks of Nykaa IPO performed remarkably well on the stock exchanges today, despite the overall weakness of the markets overall. Nykaa’s shares opened at Rs 2,001 on Tuesday, up 78% or Rs 876 from its issue price of Rs 1,125. The market capitalization of the company at the time of listing was Rs 94,632.74.
Earlier this month, Nykaa completed its IPO (initial public offering). Investors responded in droves to the IPO. 81.78 times were subscribed to Nykaa’s IPO over the course of the three-day process.
Besides the family trusts and seven other companies affiliated with Nayar, she is the sole shareholder in her company. They are among the promoters, along with their Ivy League-educated daughter and son.
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While Nayar is India’s richest self-made woman billionaire, Savitri Jindal is the nation’s wealthiest woman, as she runs the conglomerate that her husband founded. She is ranked among the world’s 500 richest people in the Bloomberg Billionaires Index, whose value is estimated at $12.9 billion.
Self-Made Female Billionaire: Nykaa Owner!
Besides two family trusts and seven other promoter entities, Falguni Nayar owns a stake in her company through two family trusts.
Beauty startup founder Falguni Nayar has joined the ranks of the world’s richest.
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As of Wednesday, shares of Nykaa surged as much as 89%, making Nayar’s stake in the company worth approximately $6.5 billion. Counted among the Forbes Billionaires Index, she’s now India’s wealthiest self-made female billionaire.
A woman-led unicorn was listed for the first time on an Indian exchange through FSN E-Commerce Ventures, Nykaa’s parent company. The company raised $535 million ($722 million) from its initial public offering. By 10:36 a.mThe stock had risen 78% on the stock market.
Nayar established Nykaa in 2012, just a few months before turning 50. He previously headed one of the largest Indian investment banks. During that time, most women bought makeup and hair-care products from neighboring mom-and-pop stores where the selection was sparse and the possibility of trials unimaginable.
Nykaa IPO: Performance
In the past three years, the startup has grown into India’s leading beauty retailer, boosting online sales with demo videos by Bollywood stars and celebrities and operating more than 70 brick-and-mortar stores. In addition to exfoliating creams and bridal essentials, Nykaa sells lipstick, foundation, and nail color in hundreds of shades that suit Indian skin tones, skin types, and local weather conditions. A company filing shows it increased sales by 35% in the year ended in March to $330 million. As an internet startup making its public debut, Nykaa is a rare profitable company.
Her ownership stake in her company is divided among two family trusts and seven promoter entities. A prominent promoter of Nykaa is her daughter and son, both Ivy League graduates.
While Nayar is India’s richest self-made woman billionaire, Savitri Jindal is the nation’s wealthiest woman, as she runs the conglomerate that her husband founded. She is ranked among the world’s 500 richest people in the Bloomberg Billionaires Index, whose value is estimated at $12.9 billion.
Conclusion
During an upswing in stock prices, many consumer Internet companies have made their IPO debuts this year, including Nykaa. This Wednesday is the closing day for subscriptions to Paytm, India’s leading digital payments company backed by Warren Buffett’s Berkshire Hathaway and Masayoshi Son’s SoftBank Group. Its operator, One97 Communications Ltd., has filed for the nation’s largest takeover bid, valued at more than $2.5 billion.
Nykaa IPO has changed the outlook of Indian women who previously made do with lipstick and eyeliner. Even so, Nayar told Bloomberg that there is a long way to go. Despite living in a country of 1.3 billion people, women are just beginning to take advantage of cosmetics and grooming products.
