Nykaa bonus share record date today November 11: Check ratio and eligibility | Nykaa Share Price NSE

Nykaa Bonus Share Record Date November 11, Ratio, Nykaa Share Price NSE: Nykaa shares traded ex-dividend date on Wednesday, November 10. Nykaa hare bonus ratio is 5:1. It means that the company would give 5 shares for every 1 share held.

Check Nykaa Bonus Share Ex Date, Record Date, Ratio, Nykaa Share Price NSE: Pic: Reuters

Nykaa Bonus Share Record Date November 11, Ratio, Nykaa Share Price NSE: Shares of Nykaa fell sharply on Thursday, November 10, as stocks of the e-commerce company traded ex-bonus date. The stock opened at Rs 167 apiece on the NSE after the bonus adjustment. The stock of FSN E-Commerce Ventures, the parent company of Nykaa, had settled at Rs 1060.30 apiece in the last trading session on Wednesday.

At 9:50 AM, Nykaa stock quoted Rs 176 apiece on both NSE and BSE. The stock settled at Rs 188.25 apiece on NSE at the close.

A bonus share is one of the corporate actions. When a bonus share is issued, the price of the stock is adjusted in the ratio of the bonus. Accordingly, the number of outstanding shares in the secondary market increases and the stock becomes cheaper.

TRENDING NOW

Nykaa has announced issuing bonus shares to its shareholders in the ratio of 5:1. It means that the company will give 5 bonus shares or additional shares for every 1 share held on the record date.

Meanwhile, Nykaa's one year lock-in period for pre-IPO investors also expired today. It means that the sell window in the Nykaa stocks for the pre-IPO shareholders is now open.

Nykaa, founded by Falguni Nayar in 2012, made its stock market debut on November 10 last year. The shares of the Mumbai-based company were listed on NSE and BSE at Rs 2001, a premium of 77.87 per cent. Nykaa IPO was subscribed 81.78 times and the price band was fixed at Rs 1,085-1,125 per share.

Nykaa share price has tanked around 40 per cent in the past 6 months and 16 per cent in one month. Post listing, the stock hit a record high of Rs 2573.70 on NSE on November 26 last year. Thereafter the stock started correcting and hit a record low of Rs 975 on Friday, 28 October 2022, sliding below the IPO issue price of Rs 1,125.

So far this year, Nykaa has corrected nearly 50 percent. At today's share price levels, Nykaa's market cap is at Rs 8517 crore, as per the NSE.

Click Here For Latest Updates On Stock Market | Zee Business Live

TAGS: