Lighthouse Private Equity Firm, Known for Investing in Bikaji, Nykaa, and Cera, Sees New Investment Stock Hit 52-Week High; Ashish Kacholia Holds Stake

This early-stage private equity firm has transformed its Rs 229 crore investment into over Rs 325 crore in just seven months through this stock

The NSE benchmark Nifty50 index reclaimed its important psychological level of 25,000 on Tuesday, driven by broad-based buying interest. Interestingly, one stock that hit an all-time high on Tuesday, rising by over 9 per cent, is Safari Industries (India) Ltd. Safari Industries is engaged in the manufacturing and trading of luggage and luggage accessories. The shares of Safari Industries have gained 35% in 2024 so far.

An important observation to highlight is the involvement of Lighthouse India Fund IV AIF. In March 2024, the company received an investment of Rs. 229 crore from Lighthouse Funds (Alternate Investment Fund - AIF). The group has also announced a capex of Rs. 215 crore for setting up a greenfield manufacturing unit in Jaipur, Rajasthan. The new capacity is expected to become operational in H2FY25, helping the group further penetrate the North Indian market. With this capex coming online around December 2024, revenues and margins are expected to improve further from fiscal 2026, while the company's capital structure remains strong. The offtake from enhanced capacities will be instrumental in driving future growth.

As per the shareholding pattern of June 2024, Lighthouse India Fund IV AIF holds a 2.51 per cent stake in the company, translating to 12,22,418 shares. At the current market price of Rs. 2,662 per share, the value of the total holding by Lighthouse India Fund IV AIF amounts to Rs. 3,25,40,76,716. Lighthouse is India’s leading growth-stage private equity firm, focusing on the consumer and healthcare sectors. It provides capital to established enterprises to help them reach the next level.

Its consumer portfolio includes big names such as Bikaji, Nykaa, Stylam, Cera, Dhanuka, and V2 Retail. Interestingly, ace investor Ashish Kacholia holds 9,00,000 shares of Safari Industries.

Disclaimer: The article is for informational purposes only and not investment advice.