Falguni Nayar’s net worth surges to $6.5 billion after Nykaa’s successful IPO

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Falguni Nayar’s net worth surges to $6.5 billion after Nykaa’s successful IPO
Falguni Nayar, CEO of NykaaBCCL
  • Falguni Nayar’s net worth surged to $6.5 billion as Nykaa listed at a over 70% premium on the stock exchange.
  • The company’s market cap also breached the ₹100,000 crore mark within a few hours of its stock exchange debut.
  • Nayar founded Nykaa at the age of 50 after quitting as the MD of Kotak Investment Banking.
Nykaa’s founder and chief executive Falguni Nayar has become India’s wealthiest self-made female billionaire after the beauty ecommerce brand’s successful initial public offering (IPO).

According to the Bloomberg Billionaires Index, Nayar’s net worth surged to $6.5 billion as Nykaa listed at a over 70% premium on the stock market.

Indian Institute of Management (IIM), Ahmedabad graduate Nayar has previously worked with AF Ferguson & Co and Kotak Mahindra Group. She was appointed as the managing director of Kotak Investment Banking in 2007, but exited the company in 2012.

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At the age of 50, she founded Nykaa.

Nykaa’s (FSN E-Commerce Venture Limited) shares were offered within a price range of ₹1,085 to ₹1,125, but the company made its stock market debut ₹2,001 earlier today. This is a premium of 77.87%.

WATCH MORE: Nykaa, an Indian fashion and cosmetics brand, has beaten the country’s biggest biscuits maker and online job portal with a blockbuster IPO.

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The shares were trading at ₹2,203 at 12:39 p.m., on November 10, representing a premium of nearly 96% over the issue price of ₹1,125. The company’s market cap also breached the ₹100,000 crore mark within a few hours of its stock exchange debut.
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A total of 17 investors — both institutional and individual — sold part of their shareholdings as OfS in Nykaa’s IPO. This included Falguni and her husband Sanjay Nayar’s family office named Sanjay Nayar Family Trust, TPG Growth, Lighthouse India, J M Financial and Investment Consultancy and others.

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