Nykaa Share Price Jumps 11% As Board Issues 5:1 Bonus Shares
FSN E-Commerce owned Nykaa, has seen an 11% increase in Nykaa share price to the day’s high of ₹ 1,414 on Monday after the announcement of a 5:1 bonus share issue.
As the business granted bonus shares on Monday, shares of e-commerce business FSN ECommerce Ventures Ltd (Nykaa) increased over 10% in early trade.
In early trade on Monday, Nykaa’s share price increased 10.8% in BSE intraday trade to Rs 1411.80 per share with an update on the bonus announcement.
Nykaa Bonus Shares 2022
According to the company’s announcement, qualified shareholders will get 5 bonus shares for every single share they held on the record date, or a ratio of 5:1.
According to the company in an exchange filing, the bonus issue of equity shares will be in the ratio of 5 (Five) fully paid-up equity shares for every 1 (One) fully paid-up equity share that is held by shareholders of the company as of the record date.
This bonus issue is subject to the approval of shareholders via postal ballot.
Nykaa Bonus Share Schedule Date
The Nykaa Bonus Share Record Date 2022 has been set by the Board of Directors as November 3, 2022, in order to determine a shareholder’s eligibility for the issuing of bonus shares.
In a BSE filing, the business stated that “Fixation of Thursday, November 3, 2022, as the record date for the purpose of identifying members eligible for Bonus Equity Shares.”
Nykaa Share Price Performance
On the BSE, the share price of Nykaa was up 4% to Rs 1324.20 a share as of 2 p.m. on Monday.
Shares of FSN E-Commerce Ventures Ltd. have been trading at a discount of more than 50% from their 52-week high price of Rs 2,574 reached on November 26 of last year, as of Monday’s starting price of Rs 1273.80.
Nykaa IPO Price Update
The parent firm of Nykaa, FSN E-commerce Ventures, had outstanding stock market debuts last year.
In comparison to their issue price of Rs 1,125, Nykaa shares were listed at Rs 2,001 on the BSE, a premium of 77.87%, and at Rs 2018, a gain of 79.83%, on the National Stock Exchange (NSE).
Nykaa bills itself as India’s largest online platform for fashion, cosmetics, and personal care companies.
