A leader in the beauty and personal care segment Nykaa’s IPO Listed on the stock market on Wednesday. The company’s debut in the stock market was so bang that the company’s market capitalization crossed 1 lakh crores. Not only this, the company’s founder Falguni Nair has joined the list of rich. Nair owns almost half of the company’s shares, which are now valued at $6.5 billion. Bloomberg Billionaires Index According to reports, Nair has become India’s richest self-made female billionaire after today’s IPO listing. Let us tell you that Nykaa’s parent company, FSN E-Commerce Ventures, is the first unicorn company to be listed on the stock exchange, which is headed by women.
Nayak’s IPO was open for three days and closed on November 1. The offer was subscribed 82 times in the IPO. Bidding of 2,16,59,47,080 shares came on the offer of 2,64,85,479 shares of the company. The company raised 5,352 crores through this IPO.
Shares of Heroine opened today at a price of Rs 2,001 per share on the Bombay Stock Exchange. This price is 78 percent more than its issue price. The shares of the company opened for trading on the National Stock Exchange at the rate of Rs 2,018 per share, 79 percent more than the issue price.
The story of Falguni Nair…
Falguni has led a top investment bank in the past. She made her heroine debut in 2012. At that time, there was no such platform in the country, which would exclusively give options to women for shopping for beauty and personal care products alone.
It started as an online marketplace. After this it created its own beauty and personal care brand as well as carved a niche in the fashion segment and retail sector. Nykaa has a primary app for the beauty and personal care of the heroine, apart from Nykaa Fashion, where apparel, accessories, fashion products are associated. More than 4,000 beauty, personal care and fashion brands are linked to its retail stores on its apps.