Prime 6 staff of Nykaa set to earn over ₹850 cr

Six senior executives at Nykaa stand to make the full greater than 850 million, or $115 million, by means of their shareholding and vested choices as of the corporate’s preliminary public providing (IPO) opening on October 28.

The six executives head varied divisions within the on-line magnificence, wellness and vogue product vendor.

Reena Chhabra is ready to be the CEO of the corporate’s non-public label division FSN Manufacturers 250 crore with 2.1 million shares and 0.12 million Worker Inventory Choices (ESOPs). Chhabra has been related to FSN Manufacturers since Could 2016. The whole remuneration paid to him within the monetary yr 2011 3.06 crore as per the draft Crimson Herring Prospectus (DRHP) filed by the corporate.

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Nihir Parikh, chief government officer of Man Enterprise, a department of Nykaa e-retail, holds over 2 million shares and 0.12 million esops worth. 245 crores. He joined the agency in 2015 and obtained a wage of 2.83 crore in FY 2011.

Sanjay Suri, Chief Know-how Officer, Nykaa E-Retail, holds 1.8 million shares and 0.15 million ESOPs, with a internet price of Rs. 220 crores. Suri who joined the agency in 2016 was paid 2.39 crore in FY 2011.

Manoj Jaiswal, Chief Provide Chain Officer, Nykaa E-Retail holds shares and choices 63 crore, whereas the agency’s chief monetary officer Arvind Agarwal holds shares and choices 45 crores. Gopal Asthana, chief enterprise officer of Nykaa Style, owns shares and choices. 29 crores.

Nykaa, Powered by FSN E-Commerce Ventures Pvt. Ltd, goals to checklist later this week at a valuation of slightly over $7 billion. This can be a vital soar from its earlier non-public enterprise, which the corporate struck at a valuation of approx. 9,300 crore ($1.25 billion) in November 2020.

On the time, in keeping with the purple herring prospectus, Constancy Administration & Analysis LLP had acquired shares of the corporate from some early traders. At this valuation, the promoters by means of their group entities Sanjay Nair Household Belief, Falguni Nair Household Belief, Anchit Nair Household Belief and Advaita Nair Household Belief have a internet price of $3.83 billion.

Hero Group founder Sunil Kant Munjal’s funding within the agency grew 19 instances in 2016 on the IPO valuation. Their common price of acquisition per fairness share was 56.54 per share 119 crores. Munjal holds stake at IPO higher band value 2,413 crore.

Narottam Sekhsaria, who has invested round 19 crore within the agency at a median price value of Rs. 9.86 per share, his share value will enhance by greater than 11,443% 1,944 crores. Shekhsaria had first invested in 2014.

PE agency TPG Progress, which invested round 191 crores in 2019 at a median price of Rs. 117.67 per share elevated its stake by 868% 1,853 crores.

Harinderpal Singh Banga and his spouse Indra Banga have been two of the early traders in Nykaa, who invested near 25 crore cumulatively between 2014 and 2016. The common buy value of his present stake of 8.7% is 7.32 per share, and on the present IPO valuation, it is price 4,633 crore – a soar of over 190 instances.

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