Nykaa’s blockbuster debut in theIndian stock market on November 10 helped celebrity investors Alia Bhatt andKatrina Kaif reap 10x gains in their investments.
The company's shares were listed at Rs 2,001on BSE on Wednesday, a hefty premium of 77.87 per cent over its issue price ofRs 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 initialpublic offering (IPO), which closed on November 1, saw huge demand for sharesas the offer was subscribed 82 times. The IPO of FSN E-Commerce VenturesLimited received bids for 2,16,59,47,080 shares against 2,64,85,479 shares onoffer and raised ₹ 5,352 crore through the issue.
Nykaa's IPO consisted of fresh issueof ₹ 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 IPOcosted ₹ 13,500.
According to YourStory, Katrina Kaif hadinvested Rs 2.02 crores in 2018, while Alia Bhatt invested Rs4.95 crore in the parent company of Nykaa, FSN E-Commerce Ventures, in2020. 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 54crore.
Interestingly, this is not the first time acelebrity has earned from a company’s IPO. Previously Amitabh Bachchan struckbig with JustDial too. In 2013, after their IPO, JustDial afforded Bachchan amassive 46-fold increase in his investment amount – the biggest any celebrityinvestor has gained from an IPO till date.
Other Bollywood actors have also invested instartups. Deepika Padukone has multiple investments in e-mobility companyBluSmart, edtech platform FrontRow, beauty commerce venture Purplle and smallsatellite manufacturer Bellatrix Aerospace.
Cricketers like Virat Kohli, Yuvraj Singh andShikhar Dhawan have also invested in startups.