The Nykaa IPO has been a sensation in many ways. Firstly, almost guaranteeing exponential growth for the e-commerce company, the IPO, as expected, made Falguna Nayar, the owner and CEO of Nykaa, the first self-made female Indian billionaire too. Along with her, everyone who invested in the Nykaa IPO and owned shares in the brand (before the IPO) benefited largely too. And, among those, were Bollywood celebrities Katrina Kaif and Alia Bhatt too. The actresses had invested in the brand a couple of years ago.
Nykaa IPO: Here’s how many crores Katrina Kaif and Alia Bhatt earned from their investments
For Katrina Kaif, her investment came a year after she launched KAY beauty on Nykaa. After a successful growth of the brand, the actress also went ahead and invested money in the e-commerce company by buying stakes. Back in 2018, Katrina Kaif had invested a small amount of Rs 2.02 crores – when compared to her current stake – in the brand. Alia Bhatt, on the other hand, showed a little more trust and invested Rs 4.95 crore in July 2020, per YourStory. Now that the brand’s IPO was a huge success, which led to 10x growth in their shares, the actresses have gained huge too.
While Katrina Kaif’s initial investment shot up to Rs 22 crore on Wednesday’s closing, Alia Bhatt gained a whopping Rs 54 crore against her Rs 4.95 crore investment.
The biggest gainer from the successful IPO was, obviously, Falguni Nayar. FSN E-Commerce saw its market cap double to $13 billion, propelling founder Falguni Nayar to the Indian billionaire’s club with a net worth of $6.5 billion.
Interestingly, this is not the first time a celebrity has earned from a company’s IPO. Previously Amitabh Bachchan struck big with JustDial too. In 2013, after their IPO, JustDial afforded Bachchan a massive 46-fold increase in his investment amount – the biggest any celebrity investor has gained from an IPO till date.
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