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Price of Nykaa Shares: No sales in Nykaa, 7% on ex-service day

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Today marks the conclusion of the lock-in period for the promoters and shareholders of FSN E-Commerce Ventures, a business owned by seasoned fashion retailer Nykaa. As a result, there is intense pressure on the stocks.

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Price of Nykaa Stock: As of today, November 10, the promoters and shareholders of FSN E-Commerce Ventures, a subsidiary of the venerable fashion store Nykaa, are no longer locked in.

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As a result, the stock market is under a lot of pressure. Its price today on the BSE had decreased by about 7% intraday to Rs 166.85.

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The corporation had announced bonus shares to halt this drop. Which is having a conflicting result. Today's intraday decline of 7% has been followed by a price rebound of roughly 5%.

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At the moment, its shares are down 2.45 percent and selling for Rs 175.30.

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About 67 percent of the company's shares were locked in, meaning that a significant fall may occur if they are sold. In this case, the corporation made a bonus share wager in anticipation of the potential for selling at the end of the lock-in term.

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The company's management decided to keep the bonus share ex-date on November 10—the same day the lock-in expired.

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The corporation announced a bonus in the ratio of 5:1, meaning that stockholders will get 5 shares for every 1 share they own.

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Shares of Nykaa were offered on November 10 of last year, giving IPO investors a listing gain of 78%. Its shares finished at a premium of 96% above the IPO price on the first day.

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Following this, Nykaa continued to gather pace and on November 26 achieved a record high of Rs 429.86 (adjusted price based on bonus) (Nykaa Share Price).

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Then, it began to buckle under pressure, falling even lower than the issue price on October 28, 2022, by 62 percent in just over 11 months to Rs 162.91 (adjusted price based on bonus).

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It currently has a rebound of approximately 8% but is currently discounted by roughly 59% from the record high.

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