Nykaa makes a stellar debut, stock lists at Rs 2,247 with 98% premium

Published On: Wednesday, November 10, 2021 | By: Team KnowMyStock

Beauty startup Nykaa's founder Falguni Nayar has become India’s wealthiest self-made female billionaire, who owns almost half of Nykaa’s shares is now worth $6.5 billion as shares surged as much as 98% when they started trading Wednesday.Nayar, who formerly led a top Indian investment bank, founded Nykaa in 2012.Indian Institute of Management (IIM), Ahmedabad graduate Nayar has previously worked with AF Ferguson & Co and Kotak Mahindra Group. Heading a team of over 1600, Falguni has built beauty and lifestyle retail empire Nykaa which has emerged as India’s leading beauty retailer with a portfolio of 1500+ brands, including its own private label, available online and across 68 stores in India. Nayar owns her company stake through two family trusts and seven other promoter entities. 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.

Closing Bell: Sensex gains 85 points, Nifty at 18755.90

Closing Bell:Sensex gains 418 points, Nifty at 18716.15

MARKET UPDATE: Sensex rose 135 points to 62761, and the NSE Nifty50 moved 40 points higher to 18,600

Closing Bell: Sensex down 223 points, Nifty at 18,563

MARKET UPDATE: Sensex surged over 100 points to trade around 62,962 levels, whereas Nifty50 climbed over 30 points to trade above 18,650 levels

MARKET UPDATE: Sensex gained over 50 points to trade around 63,228 levels, whereas Nifty50 traded marginally above 18,700 levels

MARKET UPDATE: Sensex surged over 150 points to trade around 62,988 levels, whereas Nifty50 gained over 50 points to trade above 18,650 levels

MARKET UPDATE: Sensex traded flat at 62,777 levels, whereas Nifty50 was flat above 18,600 levels

Closing Bell: Sensex up 240 points, Nifty at 18593.85

MARKET UPDATE: Sensex rallied over 300 points, whereas Nifty50 gained over 50 points to trade above 18,600 levels

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