Falguni Nayar, the founder, CEO and MD of Nykaa, a beauty retailer, became the richest self-made woman in India after Nykaa’s listing on the Indian Stock Exchange in Mumbai. Nykaa\u2019s listing was already in the spotlight and the pre- IPO of Nykaa already made her a billionaire that took place in June.\u00a0<\/span>\u00a0<\/span><\/p>\n

Key Takeaways<\/b><\/p>\n

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• The Indian Cosmetics Company Nykaa was valued at $13 Billion in the latest listing as a start- up.\u00a0\u00a0<\/span><\/li>\n
• Nykaa shares rose 89 percent on its debut trade.<\/span><\/li>\n
• Nykaa\u2019s IPO raised Rs 53.5 Billion through its initial sales.<\/span><\/li>\n
• Falguni Nayar took over the position of the Richest self-made woman of India which was earlier held by Kiran Mazumdar Shaw with a current net worth of $3.6 billion.<\/span><\/li>\n
• Falguni Nayar, from an Investment banker, became a billionaire out of the beauty startup.<\/span><\/li>\n<\/ul>\n

  Nykaa\u2019s listing on the Indian Stock Exchange proved to be a life- changing moment for Nykaa’s Managing director Falguni Nayar. On Wednesday the Indian beauty company reached a $13 billion value which was 2nd highest after Zomato. FSN- E commerce ventures Limited is the parent company of India\u2019s largest beauty retailer startup Nykaa. Initially Nykaa’s IPO was said to be expensive yet it was high in demand. As it worked upon the policy of buy and hold the stock . The Nykaa stock is expected to do really well in the long run.<\/span><\/p>\n

  The opening date of Nykaa IPO was 28th October 2021 while the IPO closing was on 01st November 2021. The Nykaa IPO was listed on 10th November 2021, Founder Falguni Nayar was there in the listing ceremony in a Red saree. The Initial Public Offer (IPO) price was ranging between Rs. 1085 to Rs. 1125 per equity share. Nykaa shares listed at Rs. 2,063 and crossed Rs. 1 lakh crore on the listing.<\/span><\/p>\n

  Some facts about the founder, CEO and MD Falguni Nayar worth noting is that she was an investment banker initially. In 2012 she started with a beauty retail startup that has grown into a business worth $13 billion. She is now one of the two self made Indian Billionaires with the estimated wealth of $6.5 billion, another one being Kiran Mazumdar Shaw. CEO Falguni Nayar now falls in the list of top 20 richest people of India with the recent listing of Nykaa Initial Public Offer. The Nykaa major investors include various private equity firms as well as celebrities like Alia Bhatt and Katrina Kaif.<\/span><\/p>\n

  Nykaa has assured its presence in the form of physical stores as well as mobile applications and websites. It has around 80 outlets all over the country offering more than 2500 brands of various beauty, health care and personal care products. Recently, Alaya Furniturewalla has been officially announced as the brand ambassador of Nykaa. She endorses the brand in its latest advertisement titled as Nakhrewali.<\/span><\/p>\n

  In an interview with Economic Times, Falguni Nayar responded that over the next five years both their beauty as well as fashion businesses will be showing remarkable growth. As it is a house of brands which offers a product for every user.<\/span><\/p>\n","protected":false},"featured_media":2000,"template":"","class_list":["post-1984","beauty_updates","type-beauty_updates","status-publish","has-post-thumbnail","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.beautybbc.com\/wp-json\/wp\/v2\/beauty_updates\/1984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.beautybbc.com\/wp-json\/wp\/v2\/beauty_updates"}],"about":[{"href":"https:\/\/www.beautybbc.com\/wp-json\/wp\/v2\/types\/beauty_updates"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.beautybbc.com\/wp-json\/wp\/v2\/media\/2000"}],"wp:attachment":[{"href":"https:\/\/www.beautybbc.com\/wp-json\/wp\/v2\/media?parent=1984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}