Nykaa plans to issue Bonus shares 2022

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Omnichannel fashion and sweetness merchant Nykaa is coming up with a bonus issue of shares at its meeting on October 3.

during a communication to the stock exchanges on Wednesday, FSN E-Commerce Ventures Limited, the parent company of Nykaa said, “We would like to tell you that a gathering of the Board of administrators of the corporate are going to be hung on Monday, October 03, 2022, to, interalia, think about and approve the provision of Bonus Shares to the equity shareholders of the corporate within the ratio, because it might view as match and seeking shareholders’ approval by manner of communicating ballot and such alternative approval(s), because the Board might view as appropriate.”

Nykaa’s Annual Report

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Nykaa is among the leading startups that went public last year and got listed on the stock exchanges on November 10, 2021. It had a awfully robust debut with over 80% rise in share worth as compared to its IPO price of Rs 1,125 per share.

However, post the listing there has been pressure on its stock price given the broader economics conditions and on Wed it closed at Rs 1277.35 per share.

For the primary quarter of FY23, Nykaa reportable a consolidated net once tax of Rs five large integer that was a 42% growth from Rs 3.52 crore recorded within the year-ago period. On a serial basis, the company’s net profit after tax slipped by 34% from this fall FY2022.

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