Nykaa’s record date for issuing bonus shares next week. key details

Earlier this month, hero Announced that its Board has approved the issuance of Bonus Equity Shares of the Company in the ratio of 1:5, i.e. the Company will issue Bonus of 5 shares for every 1 share as on the record date.

Further, the Company has fixed Thursday, November 03, 2022, as the record date for the purpose of determination of eligible members for Bonus Equity Shares. Estimated date by which such bonus share To be deposited / remitted within two months from the date of Board approval i.e. on or before 02nd December, 2022.

The company said that the issue of bonus shares would be out of the securities premium account available till March 31, 2022. Bonus shares are fully paid-up additional shares issued by the company to its existing shareholders.

The company said that the actual number of bonus equity shares to be issued and the post-bonus issue share capital would be determined on the basis of the paid-up share capital as on the record date.

“We hereby inform that the Board in its meeting held on 03rd October, 2022 has, inter alia, approved bonus issue of equity shares in the ratio of 5 (five) fully paid up equity shares of Rs. a) Fully paid-up equity shares of 1/- are held by the shareholders of the company as on record date, subject to the approval of the shareholders through postal ballot,” Nayaka had informed in an exchange filing.

In Tuesday’s session, Nykaa shares fell below its initial public offering (IPO) price. 1,125 each before the end of November 10 of the one-year lock-in period for its pre-IPO shareholders. Shares of Nykaa were listed in November last year and the stock has lost more than 53% since its market debut.

New age tech stocks including Paytm, Zomato, Nykaa, PB Fintech, Delhivery among other new age tech stocks, which went public recently, have had tough months in the stock market so far and have already fallen below their respective issue prices.