InvestorQ : Can you tell me about the proposed stock bonus announced by Nykaa?
Priyanka N made post

Can you tell me about the proposed stock bonus announced by Nykaa?

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Neelam Naik answered.
1 month ago
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Incidentally, Nykaa is one of the few digital new age companies still trading above its IPO issue price off Rs1,125. Last year post listing, the stock touched a high of Rs2,573 and has lost nearly 50% since then. The record date for the bonus issue is November 03rd 2022. Investors must have the shares in their demat account by the evening of 03rd November, so effectively the stock ex-bonus on 02nd November. This is nothing but capitalization of reserves. It must be noted hat such bonuses tend to bring high priced stocks in a more popular range for investors to get interested in.

Bonus shares will be credited within 2 months of the date of board approval. Since board approval came on 03rd October 2022, the bonus shares can be expected to be credited by December 02nd 2022.

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