Can Shilpa Shetty do with Mamaearth what Katrina Kaif, Alia Bhatt did with Nykaa?

When Honasa Client Ltd, which owns new-age FMCG manufacturers like Mamaearth and The Derma Co, filed initial papers with markets regulator Sebi to lift finances via an preliminary public providing, the identify that made essentially the most headlines is Bollywood actor Shilpa Shetty. The Gurugram-based corporate stated the preferred actor is considered one of its early buyers and is taking a look to go out the corporate when it will get publicly indexed.

As in line with the draft purple herring prospectus, Shetty invested Rs 6.7 crore within the corporate and has bought over 16 lakh stocks at Rs 41.86 apiece. Shetty first invested in Mamaearth in 2018, when the startup used to promote best babycare merchandise. It is still noticed how a lot she’s going to make from her funding when the corporate will get indexed. The IPO accommodates a contemporary factor of fairness stocks value Rs 400 crore and an offer-for-sale (OFS) part of four,68,19,635 fairness stocks by way of promoters, buyers, and different promoting shareholders.

Except the Baazigar actor, the ones providing stocks within the OFS come with promoters — Varun Alagh and Ghazal Alagh — and buyers like Fireplace Ventures Fund, Sofina, Stellaris, Kunal Bansal and Rohit Bansal, Rishabh Harsh Mariwala of FMCG company Marico.

The Gurugram-based attractiveness and private care corporate used to be based in 2016 by way of the husband-wife duo Varun and Ghazal Alagh. It all started with the release of Mamaearth and over time added 5 extra manufacturers to its portfolio, together with The Derma Co, Aqualogica, Ayuga, BBlunt and Dr Sheth’s, and constructed a ‘Area of Manufacturers’ structure. In January 2022, the corporate entered the unicorn membership.

Shetty may not be the primary Bollywood actor lately to take a position cash in an organization that finally were given publicly indexed. Widespread Bollywood actors like Katrina Kaif and Alia Bhatt have been early buyers in attractiveness retailing startup Nykaa. Nykaa were given indexed on markets on November 10, 2021 after it were given subscribed a whopping 82 instances because it used to be discovered to be the one winning corporate amongst all of the new-age tech corporations that were given indexed in 2021.

Alia Bhatt’s shareholding in Nykaa used to be estimated to be value Rs 54 crore on November 10, 2021. The Brahmastra actor had invested Rs 4.95 crore within the mother or father corporate of Nykaa, FSN E-Trade Ventures, in July 2020. Katrina Kaif entered right into a three way partnership with the corporate in 2018 to arrange Nykaa-KK Attractiveness, which retails the actor’s beauty logo Kay Attractiveness. The Tiger Zinda Hai actor had invested Rs 2.04 crore within the corporate. Her stocks have been value Rs 22 crore on November 10, 2021.

The Nykaa inventory has been beneath relentless promoting power ever because the corporate’s lock-in length expired for pre-IPO buyers and the bonus factor announcement. Nykaa inventory is down over 58 in line with cent from its adjusted 52-week top of Rs 364.16 and over 56 in line with cent in 2022.

The sooner precedent of a Bollywood actor minting cash at inventory markets is veteran actor Amitabh Bachchan.

Bachchan’s inventory worth in Simply Dial had shot up by way of a whopping 10,190 in line with cent, emerging from an preliminary funding of Rs 6.27 lakh (Rs 10 in line with proportion) to Rs 6.45 crore (Rs 1,028 in line with proportion), in a span of simply 4 months in 2013.

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