Alia Bhatt, Katrina Kaif make bumper earnings, post-IPO Nykaa stocks give great returns

Nykaa IPO: The stock value of early-stage celebrity investors in lifestyle-focused consumer technology platform, Nykaa, has risen sharply after the IPO listing. As per the estimates of industry experts, the shares of Bollywood stars Alia Bhatt and Katrina Kaif have given good returns in the company and are now worth many times more than the original investment.

In terms of shareholding platter, Alia Bhatt holds around 8,177 shares of Nykaa, while Kaif is estimated to hold 3,360 shares. At the close of Friday, Nykaa’s stock was valued at Rs 2,358.90, up Rs 142.65 or 6.44 per cent from the previous close.

Bhatt’s shareholding at Friday’s closing price is now Rs 1.92 crore. Similarly, Kaif’s stake in the company was Rs 79.25 lakh. Industry insiders said it is possible that the two mega stars may have other provisions or rights with the company. The value of them is not readily available in the public domain or prospectus.

Nykaa made a stellar start to its shares this week, taking its market capitalization to over Rs 1 lakh crore. The scrip listed at the opening bell at Rs 2,001, while the offer price was Rs 1,125.

The bumper opening made its promoters the Nair family one of India’s richest self-made billionaires. Presently, the promoter family holds about 53 per cent stake in the firm FSN E-commerce Ventures, which is owned by Nykaa. The stake was worth over $6.5 billion at a starting price of Rs 2,001 per share. As a result, the promoter family joined the ranks of billionaires.

The promoter family holds the stake of Falguni Nair, Anchit Nair, Advaita Nair and Nair Trust, MD & CEO of FSN E-Commerce Ventures.

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