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Nykaa IPO: Price reached 60% premium in the gray market before the opening of IPO, this is the opinion of experts regarding investment

Nykaa IPO: The Rs 5352 crore IPO of Nykaa, a startup company selling beauty products, will open on October 28. The price band of Rs…

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Nykaa IPO: Price reached 60% premium in the gray market before the opening of IPO, this is the opinion of experts regarding investment

Nykaa IPO: The Rs 5352 crore IPO of Nykaa, a startup company selling beauty products, will open on October 28. The price band of Rs 1085-1125 per share has been fixed for this IPO. This issue will be open for subscription till November 1. Before the opening of the IPO, its shares in the primary market have reached a premium of Rs 660 against the IPO price. Today, Monday 25 October, its shares are at a price of Rs 1785, which is about 60 percent more than the IPO price. Its shares can be listed in the market on November 11. According to market experts, this IPO is expensive but considering its better growth potential, you can subscribe to it.

Highlights of the issue

The price band of Rs 1085-1125 per share has been fixed for the Rs 5352 crore IPO of Nykaa. This IPO will be open for subscription from 28 October-1 November.

The lot size of 12 shares has been fixed for investing in the IPO, that is, according to the upper price of the price band, investors will have to invest at least Rs 13,500. 75 percent of the IPO of this beauty startup of FSN E-commerce Ventures is reserved for qualified institutional buyers (QIBs), 10 percent for retail investors, and the remaining 10 percent for non-institutional investors.

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Under the issue, new shares worth Rs 630 crore will be issued and about 4.19 crore shares will be sold under offer for sale (OFS).

According to the Red Herring Prospectus (DRHP) filed with the market regulator SEBI, the employees of the company applying under the Employees Reservation System will get a discount of 10 percent on the offer price.

This is the opinion of experts regarding investment

The company’s revenue grew by 38 percent year-on-year in the last financial year 2021. According to Abhay Doshi of UnlistedArena.com, the beauty, and personal care segment currently account for only 8 percent of the fast-growing e-commerce segment, giving startups like Nykaa a lot of growth potential. Although he believes that its valuation is 21x according to the upper price of the price band of Rs 1125, which looks very expensive, at the moment the valuation of the startup is being done in the same way. According to Doshi, investment in this is attractive considering the quality of promoters, profitability of the company, and scope of growth.

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The weighted average return on net worth stood at 2.82 percent in the last three financial years. According to the analyst, valuing it according to the IPO price of Rs 1125, then the price is 839.5 times the earnings, 21.6 times compared to FY 2021 sales, and 16.2 times compared to annualized sales. Given this valuation, Aditya Kondawar, COO, JST Investments, believes the issue is expensive, though Kondawar says Nykaa is a profitable company, unlike other startups that got listed this year. Apart from this, the prospects of its business growth are looking better. Kadavar has advised subscribing this issue for the long term.

Net Worth

Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

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Stephen M. Ross Net Worth 2024: How Much is the Chairperson of The Related Companies Worth?

Who is Stephen M. Ross?

Stephen M. Ross, the Chairperson of The Related Companies, is a distinguished figure in the real estate sector, renowned for his significant contributions and profound impact. Born on May 10th, 1940, in Detroit, Michigan, Ross embarked on his journey into real estate at a young age, demonstrating remarkable diligence and entrepreneurial spirit. Despite initially pursuing a career as a tax attorney, Ross soon discovered his genuine passion for real estate investment, laying the foundation for his illustrious career.

Stephen M. Ross Career

Ross’s career trajectory is marked by pioneering ventures and transformative projects. In 1972, he founded The Related Companies, which initially focused on subsidized low and moderate-income apartments. Over the years, Ross transitioned to higher-profile projects, including the iconic Hudson Yards development, valued at over $7 billion. His visionary approach and strategic partnerships have cemented his reputation as a prominent figure within the real estate industry.

Stephen M. Ross Net Worth

As of 2024, according to Celebrity Net Worth, Stephen M. Ross’s net worth stands at an impressive $10 billion, solidifying his status as one of the wealthiest individuals globally. Ross’s wealth accumulation is attributed to his unparalleled success as a real estate mogul, with an estimated annual income of nearly $700 million derived from royalties on his diverse property holdings. His continued involvement in the real estate sector, with ongoing projects in New Jersey and Florida, further contributes to his substantial net worth.

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Stephen M. Ross Age

Currently, Stephen M. Ross is 83 years old, born on May 10th, 1940. Despite his age, Ross remains actively engaged in his professional pursuits, demonstrating resilience and dedication to his craft.

Stephen M. Ross Family: Wife and Children

Ross’s personal life is characterized by familial bonds and enduring relationships. He is happily married to Kara Ross and is the proud father of four children. Ross’s commitment to family values underscores his holistic approach to life and business.

Stephen M. Ross Height and Weight

Physically, Stephen M. Ross stands at a height of 6 feet 2 inches (1.88m) and maintains a healthy body weight of around 72 kg. Despite his busy schedule, Ross prioritizes his health and well-being, engaging in activities such as volleyball and tennis.

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Net Worth

Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

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Mike Markkula Net Worth 2024: How Much is the Former CEO of Apple Worth?

Who is Mike Markkula?

Mike Markkula, born Armas Clifford “Mike” Markkula Jr. on February 11, 1942, in Los Angeles, California, is an American entrepreneur renowned for his pivotal role in the early days of Apple Inc. After graduating from the University of Southern California with degrees in electrical engineering, Markkula amassed considerable wealth through stock options while working at Fairchild Semiconductor and Intel.

Mike Markkula Career

Markkula’s career trajectory took a significant turn in 1977 when he was introduced to Steve Jobs by Venture Capitalist Don Valentine. Recognizing the immense potential of the Apple II computer, Markkula became the company’s first major angel investor, providing $250,000 in funding. He subsequently served as Apple’s CEO from 1981 to 1983, overseeing critical phases in the company’s growth and development.

Mike Markkula’s Net Worth

As of 2024, according to Celebrity Net Worth, Mike Markkula boasts an estimated net worth of $1.2 billion. His wealth stems from astute investments, particularly in Apple Inc., where he played a foundational role as an early investor and executive.

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Mike Markkula Age

Born on February 11, 1942, Mike Markkula is currently [age] years old.

Mike Markkula Family: Wife and Children

Markkula is married to Linda, and together they have made significant real estate investments, including properties in Carmel Valley, Woodside, and Hawaii. They have engaged in philanthropy, with notable donations to Santa Clara University’s Markkula Center for Applied Ethics.

Mike Markkula Height and Weight

Unfortunately, information regarding Mike Markkula’s height and weight is not readily available.

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Sundar Pichai Net Worth 2024: How Much is the CEO of Google Worth?

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Sundar Pichai Net Worth 2024: How Much is the CEO of Google Worth?

Who is Sundar Pichai?

Sundar Pichai, born on June 10, 1972, in Madurai, India, is a prominent figure in the tech industry, renowned as the CEO of Alphabet Inc. and its subsidiary Google LLC. With an educational background in materials science and engineering, Sundar’s journey from humble beginnings in Chennai to the helm of one of the world’s leading multinational companies is an inspiration to many.

Sundar Pichai Career

Sundar’s career trajectory is marked by notable achievements and leadership roles. Beginning as a materials engineer, he gained experience in product management at Applied Materials and management consulting at McKinsey & Company. In 2004, Sundar joined Google, where his strategic insights and innovative contributions led to significant advancements, including the development of Google Chrome, Android, and Google Drive. His ascent within the company culminated in his appointment as CEO in 2015, overseeing Google’s transition into Alphabet Inc.

Sundar Pichai’s Net Worth

As of 2024, Sundar Pichai’s net worth is estimated to exceed $1.66 Billion, primarily attributed to his role as CEO of Alphabet Inc. and his ownership of approximately 520,668 shares of Alphabet Inc. stock. His remarkable leadership and strategic vision have propelled Google’s growth and innovation, contributing to his substantial financial success.

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Sundar Pichai Age

As of 2023, Sundar Pichai is 50 years old, having been born on June 10, 1972.

Sundar Pichai Family: Wife and Children

Sundar Pichai is married to Anjali Pichai, whom he met during his college years at the Indian Institute of Technology (IIT), Kharagpur. They share a deep bond, enduring a period of long distance before marrying and relocating to the United States. Together, they have two children, Kavya and Kiran, and prioritize maintaining a balanced family life despite Sundar’s demanding career.

Sundar Pichai Height and Weight

Sundar Pichai stands at a height of 5 feet 8 inches and weighs approximately 68 kilograms.

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