FSN E-Commerce Ventures (Nykaa)'s board has revised record date for 5:1 bonus shares from 3 November 2022 to 11 November 2022.
The company's board on 3 October 2022 approved issuing 5 bonus equity shares for each share held (5:1).The stock fell 14% in the past three consecutive sessions. Investors are worried as the lock-in period for pre-IPO shareholders (promoters, employees & other institutions) ends on 10 November 2022, a year after Nykaa formally listed on the bourses.
Shares of Nykaa entered the bourses on 10 November 2021. It was listed at Rs 2001, a premium of 77.87% to the issue price of Rs 1125. The IPO of Nykaa was subscribed 81.78 times. The issue opened for bidding on 28 October 2021 and it closed on 1 November 2021. The price band of the IPO was fixed at Rs 1,085-1,125 per share.
Post listing the stock hit a record high of Rs 2574 on 26 November 2021. Thereafter the stock started correcting. It hit a record low of Rs 975.50 on Friday, 28 October 2022.
Founded in 2012, Nykaa is one of India's leading lifestyle-focused consumer technologies platforms. It offers over 4,500 brands and over 4.6 million product SKUs through its website and mobile applications.
The company's consolidated net profit rose 33% to Rs 4.55 crore in Q1 FY23 as against net profit of Rs 3.42 crore in Q1 FY22. Revenue from operations jumped 41% year on year (YoY) to Rs 1,148.42 crore in Q1 FY23.
Shares of Nykaa were up 1.81% at Rs 1000.95 on the BSE.
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