Nykaa’s IPO is scheduled to open this week on October 28. After the issue, the top 6 employees of the company will get a total benefit of Rs 850 crore. These 6 people are the top executives of different segments of Nykaa.
According to Mint, Reena Chhabra, chief executive officer of the company’s private label division FSN Brands, will get Rs 250 crore after the issue. He holds 21 lakh shares and 1.20 lakh employee stock options (ESOPs). Chhabra has been associated with FSN Brands since May 2016. According to the DRHP released by the company, his total package in the fiscal year 2021 was Rs 3.06 crore.
After this, Nihir Parekh, Chief Executive Officer of Nykaa, who looks after the man business of Nykaa E-Retail, has 20 lakh shares and 1.20 lakh ESOPs. Accordingly, the value of their shares is Rs 245 crore. Parekh joined the company in 2015. His salary for the fiscal year 2021 was Rs 2.83 crore.
At number three comes Sanjay Suri, Chief Technology Officer, Nykaa E-Retail. He holds 18 lakh shares and 1.5 lakh ESOPs. The total value of their shares is Rs 220 crore. Suri joined the company in 2016 and his salary in FY21 was Rs 2.39 crore.
Government wants Zomato-like valuation of LIC’s IPO, target of Rs 10 lakh crore
Manoj Jaiswal, Chief Supply Chain Officer, Nykaa E-Retail, holds shares and ESOPs worth Rs 63 crore. At the same time, the company’s Chief Financial Officer Arvind Agarwal has shares worth Rs 45 crore. While the Chief Business Officer of Nykaa Fashion has shares worth Rs 29 crores.
According to the valuation of Nykaa’s IPO, the investment of Hero Group founder Sunil Kant Munjal has increased by 19 times. Munjal had invested Rs 119 crore in Nykaa in 2016 at Rs 56.54 per share. According to the valuation of the IPO, his investment has now reached Rs 2413 crore.
Narottam Shekhshariya had invested Rs 19 crore in Nykaa at Rs 9.86 per share. He got a return of 11443% on this investment and the total value of the investment became Rs 1944 crores. Shekhshariya had invested in 2014.
PE firm TPG Growth had invested Rs 191 crore in 2019, which has now increased by 868% to Rs 1853 crore.
The first to invest in Nykaa were Harinder Singh Banga and Indra Banga. He had invested Rs 120 crore at the rate of Rs 56.54 per share. After the valuation of the IPO, the value of his investment has now increased by 18 times to Rs 2383 crore.
Issue will open on October 28
Nykaa’s parent company is FSN E-Commerce Ventures. The company’s issue price band is Rs 1085-1125. Accordingly, the valuation of the company is $ 7.11 billion i.e. Rs 53,200 crore. The company’s issue will open on October 28 and close on November 1.
Nykaa is preparing to raise Rs 5352 crore from its issue. In this, a fresh issue of Rs 630 crore and shares worth Rs 4772 crore will be sold in Offer for Sale (OFS). Presently the promoter holds 45.99% stake.
.