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“Nykaa was built to have a life in the stock market”: Falguni Nayar after the blockbuster listing

Falguni Nayar bags a position under India’s top 20 richest people and India’s richest self-made billionaire after the blockbuster stock market listing of FSN E-Commerce Ventures Limited, which is the parent entity of the popular online platform for beauty and personal care products.

Nykaa launched its IPO on October 28 and on November 10, it listed at nearly 80% premium and ended the day at 96.15% higher than its issue price at Rs 2206.70 that converts to the market capitalisation of Rs 104360.85 crore on the first day.

Falguni Nayar at the age of 50 founded Nykaa in April 2012 and became popular by selling cosmetics and grooming products from domestic as well as international brands. 

The company has come a long way from selling third-party beauty products to launching its own brands and entering the fashion business. Now 20% of overall sales is of fashion

Now today after 6 years she owns a 54% stake in the company which makes her the 17th richest person in India.

Nykaa got involved in the food delivery firm Zomato in the exclusive Rs 1 trillion-plus market club of listed start-ups. Paytm would also soon join the club, its Rs 18300 crore IPO closed on Wednesday. Nykaa will be the 55th listed company in the Rs 1 trillion-plus club, ahead of firms like Godrej Consumer and Britannia.

Nykaa’s investors include Fidelity, Indian celebrities Alia Bhatt and Katrina Kaif, and private equity firm TPG.

Nykaa has listed a net profit of Rs 62 crore for the financial year 2020-2021 on revenues of Rs 2440 crore and GMV of $540 million. With its IPO it has raised Rs 630 crore, which will be used to boost its brand awareness, staging up of new retail warehouses and stores, and also repay its debt/

“I started Nykaa at the age of 50 with no experience. I hope the Nykaa journey can inspire each of you to be the Nykaa (heroine) of your lives,” Falguni Nayar said at the opening bell.

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