Starts start-up Beauty Nykaa made a blockbuster debut on Wednesday with market capitalization crossing ₹ 1 lakh crore. FSN E-commerce Ventures shares, companies that have the Nykaa brand, are opened to trade at ₹ 2,018 on the national stock exchange, up 79 percent of the problem prices ₹ 1,125 per share and up 99 percent. Intraday high press ₹ 2,235 on NSE.
After a successful list on the stock market, Falguni Narggun, Founder of Beauty began to tell NDTV that Nykaa had many ways to create the beauty industry in this country.
“In 2012 when I started beauty is a very large business in Asia, the US and Europe. In India Beauty Business does not take off because it is difficult to meet the needs of geographically and ethnic countries,” Falguni Narggun said.
“For us, to be able to grow a business, we need to educate customers, who are too digital. That’s why it is Nykaa, in many ways, has created a beauty business in India,” Ms Nargg said.
Ms. Nargg says that learning about countries outside big cities such as Mumbai and Delhi have become the most interesting thing in business.
“We got in-depth insight into Indian consumers … from the early days, we saw signs of whether consumers in Varanasi consumed various products from consumers in Delhi, which surprised us, even today when we saw data tier 2 and consumption patterns Tier 3 is very similar to Tier-1 cities, “Ms. said.
Ms. Nargging herself a previous IPO banker, said that it was fantastic to see the company through the IPO successfully.
“I have become an IPO banker and take a lot of companies for IPOs that give me the excitement to start my own entrepreneurial journey. So today the end of the IPO is a fantastic feeling that someone has come this far and develops maturity to be able to become a player who is registered and traded at capital market, “added Ms. Narggah.
