Nykaa Share Price: Like Paytm, Policybazaar and LIC, the share of Beauty and Wellness Nykaa is also going to slip below the IPO price. This question must have struck home in the minds of investors. Because on the one hand, on Tuesday, October 18, 2022, the stock market has closed with great momentum. But the stock of Nykaa has fallen to its lowest level since the listing. And the condition is that the stock is trading very close to its IPO price.
In such a situation, questions are being raised whether the share IPO price of Nykaa, which has rocked the stock market through blockbuster listing in 2021, can fall below Rs 1125? In Tuesday’s trading session, the stock fell to Rs 1140, which is only Rs 15 i.e. 1.3 percent more than the IPO price. If the profit-booking process continues in the stock, then the stock can break the level of IPO price.
last year Diwali After this, Nykaa was listed on the stock market in November 2021. And since the listing, the share price of Nykaa has gone down to Rs 1140 for the first time. On October 3, the company had announced to give bonus shares to investors, since then the stock has fallen by about 19 percent.
On November 10, 2021, when the company was listed on the stock exchange for the first time, the stock gave a bumper return to the investors from the IPO price. Nykaa’s share of Rs 1125 had reached Rs 2573. But the stock fell 55 per cent due to profit-booking. The market cap of Nykaa which had crossed Rs 1 lakh crore has now come down to Rs 54,295 crore.
In the first week of this month, Nykaa has announced to give bonus shares to its shareholders. The company has announced to give five bonus shares to its shareholders for one share. The record date for taking bonus shares has been fixed as November 3, 2022.
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