After celebrity investors Alia Bhatt and Katrina Kaif profited 10 times from Nykaa's successful debut in the Indian stock market on November 10, Katrina Kaif shared a pic with Nykaa founder Falguni Nayar and co-founder Adwaita Nayar praising them by saying that Indian platforms can be up there with the biggest and best in the world.
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Katrina said that she couldn’t have asked for a better partner on her brand KayByKatrina.
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“What a amazing week it’s been for my partners @falguninayar her co-founder @adwaitanayar and all the wonderful people at the Nykaa offices and stores countrywide. 🧡A record IPO and listing that proves Indian platforms can be up there with the biggest and best in the world. I’m very proud of you all and couldn’t have asked for a better partner on @KayByKatrina 💄 Here’s to many more milestones. 💃⭐️@mynykaa @nykaabeauty @nykaafashion.” Katrina wrote on the Instagram while sharing the pic.
The company's shares were listed at Rs 2,001 on BSE on Wednesday, a hefty premium of 77.87 per cent over its issue price of Rs 1,125. On NSE, the scrip was listed at Rs 2018, a premium of 79.38 per cent.
Nykaa's three-day share sale via initial public offering (IPO), which closed on November 1, saw huge demand for shares as the offer was subscribed 82 times. The IPO of FSN E-Commerce Ventures Limited received bids for 2,16,59,47,080 shares against 2,64,85,479 shares on offer and raised ₹ 5,352 crore through the issue.
Nykaa's IPO consisted of fresh issue of ₹ 630 crore and an offer for sale worth ₹ 4,722 crore. At the upper end of the price band one lot of 12 Nykaa shares in the IPO costed ₹ 13,500.
As per sources, Katrina Kaif had invested Rs 2.02 crores in 2018, while Alia Bhatt invested Rs 4.95 crore in the parent company of Nykaa, FSN E-Commerce Ventures, in 2020. After the beauty brands shares went up on Wednesday, the Katrina’s’ closing worth was Rs 22 crore, on the other hand, Alia gained Rs 54 crore.