The prominent names on the list are associated with the recently included ones. Juniper Hotels, Bansal wire, Stanley’s Lifestyles and TBO TEK Inter alia.
Amit Saraf made its debut on the list with a wealth of Rs 3,600 crore, an achievement attributed primarily to the successful initial public offering (IPO) by Juniper Hotels, which specializes in the development and ownership of luxury hotels in India.
Stationery manufacturer The world of the cello debuted at a 28% premium, leading to the inclusion of its promoters, Pradeep Ghisulal Rathod and Pankaj Ghisulal Rathod, in the list. Their respective individual wealth is Rs 9,700 crore and Rs 6,800 crore.
Arun Kumar Gupta joined the list with a wealth of Rs 1,500 crore, boosted by the successful stock market debut of Bansal Wire, while the impressive performance of Stanley Lifestyles, a leading name in Indian furniture manufacturing, propelled Sunil Suresh to the Hurun India rich list, with a wealth of Rs 2,200 crore.Read also: India creates a billionaire every five days, total surpassing triple century
Gaurav Bhatnagar and Ankush Nijhawan have joined the list with wealth of Rs 3,800 crore and Rs 2,400 crore respectively, owing to the successful IPO of TBO TEK, which was oversubscribed by 90 times.
Further, DEE Development Engineers debuted on the stock exchange at a 67% premium over the IPO price. This success led to Krishan Lalit Bansal making his debut on the list with a fortune of Rs 1,700 crore.
Finally, Anant Nahata entered the rich list with a wealth of Rs 3,400 crore, thanks to the remarkable debut of Exicom telecommunication systems.
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