Nykaa’s founder Falguni Nayar has become India’s richest self-made woman billionaire. In this, the listing of his company in the stock market has a big hand. Nykaa’s stock was listed last year. The stock was listed with a great premium. On Thursday, the share price of Nykaa was up 1.46 per cent at Rs 1518 at 10:30 am.
Falguni Nair has now joined Hurun’s Global Rich List. This list was released on Wednesday. Falguni Nair is ranked 579th in the Forbes Real-Time Billionaires List. Forbes has put his net worth at $4.9 billion.
Nair’s net worth is now four times that of Paytm’s Chief Executive Officer (CEO) Vijay Shekhar Sharma. Forbes has listed Sharma’s net worth as $1.1 billion. Paytm’s stock has fallen more than 70 percent in the last four months.
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Falguni has been an investment banker. He founded Nykaa in 2012. After that Nykaa’s phone application got a lot of popularity. In November 2021, Nykaa got itself listed on the stock exchanges. Its shares were listed with a premium of 79 per cent. FSN E-Commerce Ventures is the parent company of Nykaa.
Nykaa’s IPO came in late October last year. The company had fixed a share price of Rs 1125 in the IPO. The stock was listed on the stock exchange on November 11. This doubled investors’ money on the day of listing. Its listing was done at a price of Rs 2213. But, since then its price has dropped.
Nykaa is the first unicorn to be listed in the stock market, which is headed by a woman. It has a wide range of beauty and personal care products in its portfolio. It has also forayed into clothing under the name Nykaa Fashion. Thousands of influencers are associated with this brand.
The beauty and personal care market of India is growing rapidly. It is expected to double between 2020 and 2025. In this way the value of this market will be around Rs 2 lakh crore.
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