Nykaa bonus share

FSN E-Commerce Ventures aka Nykaa will be in focus during this week's trading session as the stock will turn ex-bonus on November 10 ahead of the record date. Last week, Nykaa received the board of directors' approval for issuing bonus shares in the ratio of 5:1. The company announced its Q2FY23 earnings, under which, it recorded strong growth in profitability and top-line front. JM Financial has suggested buying in Nykaa shares with a target price of ₹1,680 apiece. Currently, Nykaa shares are around ₹1,100 levels on Dalal Street. Nykaa believes that the bonus shares encourage the participation of retail investors in the long term, as well as see a wider shareholding. Additionally, the company aims to attract and retain the right talent pool and build long term incentive structures. The record date to determine eligible shareholders for the bonus issue is fixed on November 11. That being said, the stock will turn ex-bonus on November 10. On BSE, Nykaa shares closed at ₹1,104.70 apiece on Friday down by 2.05%. The company's market cap is over ₹52,441 crore. During Q2FY23, Nykaa registered a consolidated net profit of ₹5.2 crore --- rising by 330% as compared to ₹1 crore in the year-ago quarter. Revenue from operations jumped by 39% to ₹1,230 crore from ₹885 crore in the corresponding quarter of the previous fiscal. In Q2FY23, Nykaa said, it continued to demonstrate strong GMV growth with improvement in gross margin, efficiency in fulfillment and marketing cost lead to impro...

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World's Largest Kidney Stone Removed, Know How They Are Formed; Precautionary Tips © Provided by The Financial Express Nykaa declared a 5:1 bonus share issue, just ahead of a widely anticipated selloff in the stock. While the lock-in period for The bonus issue ensures that every investor of the e-commerce platform will receive five additional shares for every share they hold, diluting the price of the stock by a sixth. The record date to determine which shareholders are eligible to receive the bonuses has been set for today, 11 November. Does that mean that those who purchase shares today are eligible to receive five additional bonus shares? Also read: Unfortunately not. The record date was first set to 3 November, and was later revised to 11 November; while the stock turned ex-bonus on 10 November. Nykaa’s release of bonus shares on the same day as the expiry of the lock-in period boosted investor sentiment, negating the fears of the high sell-off. On an average, bonus shares often take about 15 days to be credited into the owner’s DEMAT account, although it varies from company to company. The investor sentiment once the shares land into their accounts remains to be seen. The lower price, following the ex-bonus date, will also encourage the reduction of the concentration of Today, the sentiment for Nykaa’s shares has turned positive, the stock price is being held firmly in the bulls’ grip. Investors such as Aberdeen Standard Asia Focus, Norges Bank and other large investo...

Nykaa, which is operated by its listed parent company FSN E-Commerce Ventures, is likely headed for an upside of 80 per cent, beleives Kotak Institutional Equities (KIE). The domestic brokerage firm is positive on the new age internet company and suggests investors to buy the stock. However, it has slashed its target price. Nykaa, which is among the profitable new age internet companies, was among the worst performer of 2022 as the stock nosedived more than 60 per cent in the previous calendar, while the stock has wiped out two-third of its value till date from its adjusted price at Rs 355 on January 1, 2022. The stock was trading marginally lower at Rs 128 on Friday. Compared to its adjusted record high, the stock is trading about 72 per cent lower, whereas it has corrected 17 per cent in less than three weeks of 2023 so far. The stock has been consistently hitting new 52-week low, particularly on the back of bulk deals, which mark exit of large pre-IPO investors, who offloaded the stake after the expiry of mandatory lock-in. Nykaa’s stock price has corrected sharply on market weakness and worries of a slowdown in discretionary consumption, said Kotak Institutional Equities. "Our channel checks with apparel companies suggest this slowdown across both offline and online channels that may percolate to beauty and personal care (BPC) as well." The brokerage believes that a slowdown a customer discretionary spends across various categories of consumption. Nykaa is unlikely t...

Nykaa’s 5:1 bonus share issue has kicked up a debate about corporate governance at the online start-up. Was the company’s management right to step in and protect the shares from volatility, or was the management wrong in denying shareholders a fair exit? On November 10, when the lock-in period for investors ended, the company announced the bonus issue. Some saw this as a good move: increase the share’s liquidity to increase retail participation. Some even thought it was an ingenious way to prevent a fire-sale, like it had happened with Zomato. Zomato’s price had fallen by 14.3 percent when the lock-in period ended. It fell by another 11 percent over the next few days. Also read: Lock-in period ends but no fire sale thanks to bonus-issue move by Falguni Nayar When the one-year lock-in period ended for Nykaa, it freed up 67 percent of shares for sale. Even if some of this had hit the market, the share price would have corrected sharply. But after the bonus issue, only a sixth of the holding was immediately available for trading. The remaining five shares need to be transferred to the investor’s account within 15 days of the announcement, so it protects the stock from immediate selling pressure. Investor advisory firm IiAS had recommended voting in favour of the bonus issue. In their November 2 note to investors, the advisory had reasoned, “The bonus issue will lower the per share price, improve liquidity, and expand the retail shareholder base. The new equity shares will ran...

The actual number of bonus equity shares to be issued and post bonus issue share capital will be determined based on the paid-up share capital as on the record date, the company added. “We hereby inform that the Board at its Meeting held on October 03, 2022, inter alia, has approved bonus issue of equity shares in the proportion 5 (Five) fully paid-up equity share of Re 1/- each for every 1 (One) fully paid-up equity shares of Re 1/- each held by the shareholders of the company as on the record date, subject to shareholders’ approval by way of postal ballot," Nykaa had informed in an exchange filing. FSN E-commerce Ventures Ltd last week said that the company has received approval from shareholders on the bonus shares issue and new employee stock options (ESOP) and employee stock unit plan (RSU) with an overwhelming majority. The company believes that Bonus Shares will encourage the participation of retail investors in the long term, as well as see a wider shareholding. Nykaa posted a multi-fold increase in its consolidated net profit at ₹5.19 crore for the three months ended September 2022 as compared to ₹1.17 crore in the same period a year ago. The consolidated Gross Merchandise Value (GMV) of Nykaa grew 45%year-on-year to ₹2,345.7 crore in Q2FY23.

As per a regulatory filing, Nykaa on Wednesday announced the allotment of 1,87,500 Equity Shares to employees under Employee Stock Option Scheme - 2017. The Face value of the equity shares will be Rs 2 each. With this allotment, the paid up capital of the company increased to Rs 285,26,85,620. Fsn E-Commerce Ventures Ltd Shares The shares of Fsn E-Commerce Ventures Ltd on Wednesday at 3:27 pm IST were at Rs 141.75, down by 0.21 percent.

FSN E-Commerce Ventures will trade ex-bonus on November 10. The share price of the company falls in the same proportion as the bonus share issue on this day. For instance, if a company announces a On October 3, Nykaa announced a 5:1 bonus share issue wherein investor would get five additional shares for every one share held. It set a record date of November 3. Record date is the trading day after the ex-date that determines the shareholders’ eligibility to receive the bonus shares. However, for an investor to be eligible for the bonus shares, she must buy the shares one day before the ex-date or two days before the record date. In response to an ET query on the matter, a Nykaa spokesperson said, “The e-voting on resolutions as mentioned in the postal ballot notice started on October 4, 2022 and ended on November 2, 2022. As per stock exchanges date of declaration of bonus issue is the date on which bonus issue is approved by the shareholders and there has to be a gap of at least 5 working days between the date of declaration of bonus shares and the record date. After discussions with stock exchanges on October 28, the company formally intimated the record date, which is after five working days from November 2, which is the the date of declaration of bonus shares, the company’s spokesperson said in the emailed response. One year lock-in period will end for nearly 31.9 crore shares of FSN E-Commerce which represents 67% of the company's total equity. Nykaa shares have been u...

Nykaa’s 5:1 bonus share issue has kicked up a debate about corporate governance at the online start-up. Was the company’s management right to step in and protect the shares from volatility, or was the management wrong in denying shareholders a fair exit? On November 10, when the lock-in period for investors ended, the company announced the bonus issue. Some saw this as a good move: increase the share’s liquidity to increase retail participation. Some even thought it was an ingenious way to prevent a fire-sale, like it had happened with Zomato. Zomato’s price had fallen by 14.3 percent when the lock-in period ended. It fell by another 11 percent over the next few days. Also read: Lock-in period ends but no fire sale thanks to bonus-issue move by Falguni Nayar When the one-year lock-in period ended for Nykaa, it freed up 67 percent of shares for sale. Even if some of this had hit the market, the share price would have corrected sharply. But after the bonus issue, only a sixth of the holding was immediately available for trading. The remaining five shares need to be transferred to the investor’s account within 15 days of the announcement, so it protects the stock from immediate selling pressure. Investor advisory firm IiAS had recommended voting in favour of the bonus issue. In their November 2 note to investors, the advisory had reasoned, “The bonus issue will lower the per share price, improve liquidity, and expand the retail shareholder base. The new equity shares will ran...

Nykaa, which is operated by its listed parent company FSN E-Commerce Ventures, is likely headed for an upside of 80 per cent, beleives Kotak Institutional Equities (KIE). The domestic brokerage firm is positive on the new age internet company and suggests investors to buy the stock. However, it has slashed its target price. Nykaa, which is among the profitable new age internet companies, was among the worst performer of 2022 as the stock nosedived more than 60 per cent in the previous calendar, while the stock has wiped out two-third of its value till date from its adjusted price at Rs 355 on January 1, 2022. The stock was trading marginally lower at Rs 128 on Friday. Compared to its adjusted record high, the stock is trading about 72 per cent lower, whereas it has corrected 17 per cent in less than three weeks of 2023 so far. The stock has been consistently hitting new 52-week low, particularly on the back of bulk deals, which mark exit of large pre-IPO investors, who offloaded the stake after the expiry of mandatory lock-in. Nykaa’s stock price has corrected sharply on market weakness and worries of a slowdown in discretionary consumption, said Kotak Institutional Equities. "Our channel checks with apparel companies suggest this slowdown across both offline and online channels that may percolate to beauty and personal care (BPC) as well." The brokerage believes that a slowdown a customer discretionary spends across various categories of consumption. Nykaa is unlikely t...