When shares of Nykaa's parent FSN E-Commerce Ventures skyrocketed over 79 per cent in debut trade on Wednesday, founder Falguni Nayar and family also saw their wealth surge to nearly USD 7 billion.
And when the markets closed for trade, the wealth was well over USD 7.5 billion.
The dream debut of Nykaa, in a market being flooded with initial share sales, sustained the momentum till the close of the trade as the scrip registered a staggering gain of over 96 per cent to end at Rs 2,206.70 apiece on the BSE.
Founded by Falguni Nayar in 2012, the company has a diverse portfolio of beauty, personnel care, and fashion products, including its own manufactured brand products, under its two business verticals -- Nykaa and Nykaa Fashion.
The 58-year-old Falguni Nayar, the founder, Executive Chairperson & Managing Director and Chief Executive Officer of the company, has over 26 years of experience in e-commerce, investment banking and broking.
The news has gone viral on social media impressing netizens who are all praise for Nayar.
Here's what people are saying. Have a look.
(By agencies)
