Thread by @BiIndia

#FalguniNayar becomes India’s wealthiest self-made female billionaire after Nykaa’s successful IPO

#NykaaIPO @MyNykaa

businessinsider.in/business/news/…

By @Krittiiii

@MyNykaa @Krittiiii .@MyNykaa founder and chief executive #FalguniNayar has become India’s wealthiest self-made female billionaire after the beauty ecommerce brand’s successful initial public offering (IPO).

#nykaa #nykaaIPO

@MyNykaa @Krittiiii 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.

#FalguniNayar #nykaa #nykaaIPO

@MyNykaa @Krittiiii 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.

#FalguniNayar #nykaa #nykaaIPO

@MyNykaa @Krittiiii .@MyNykaa (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%.

#FalguniNayar #nykaa #nykaaIPO

@MyNykaa @Krittiiii 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.

#FalguniNayar #nykaa #nykaaIPO

@MyNykaa @Krittiiii A total of 17 investors — both institutional and individual — sold part of their shareholdings as OfS in Nykaa’s IPO.

#FalguniNayar #nykaa #nykaaIPO

@MyNykaa @Krittiiii 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.

#FalguniNayar #nykaa #nykaaIPO

@MyNykaa @Krittiiii Here's a look at @MyNykaa's key milestones.

#FalguniNayar #nykaa #nykaaIPO