Why Nykaa shares are bleeding despite bonus announcement
Published By Livemint | 25 Oct, 2022
Nykaa shares fell below its IPO issue price on Tuesday
Credit : Unsplash
Nykaa hit a low of
₹
1,109, trading below its issue price of
₹
1,125
Credit : istock
Nykaa shares got listed in November last year
Credit : pexels
The stock is under pressure as the end of IPO anchor lock-in nears
Credit : Unsplash
Anchor investors’ lock-in period will expire on November 10
Credit : istock
For IPOs that were last November, locking was a year
Earlier this month, Nykaa announced bonus issue in 1:5 ratio
Credit : pexels
The stock has declined more than 52% since its market debut
Credit : freepik
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