Upcoming Bonus Share: There is good news for the investors of Nika, a company that sells makeup products. The company can issue bonus shares to its shareholders. On October 3, the board is going to consider giving Upcoming Bonus Shares. It is being told that the proposal to give bonus shares can be approved in the board meeting.
Bonus shares are absolutely free
Naika had given this information in the Bombay Stock Exchange on September 28 and said that the board would take the approval of investors for issue of shares through postal ballot and other methods of approval. Let us tell you that bonus shares are completely free equity shares, which are issued to the existing shareholders of a company. Under the bonus share, the company issues free shares to the investors. The Board of Directors meeting is scheduled to be held on 3 October. In this, bonus shares will be considered for the shareholders of the company.
Share price has halved
Let us tell you that the stock of this company came in the stock market on 10 November 2021. The shares of this unicorn were listed at Rs 2,001 while the company had fixed an issue price of just Rs 1,125. However, after this there was a fall in the shares of the company and there was heavy selling. The company’s shares had reached Rs 2573 in 52-week high, while the 52-week low stood at Rs 1207. However, after the announcement of the bonus issue, the company’s shares rose by six per cent to the level of Rs 1,350 on the BSE. The share value of this company as on 3 October 2022 is 1275.
Is the company choosing investors by giving bonus? (Nykaa Share Bonus)
Let us tell you that the purpose behind giving bonus of Nika is to make the investors happy and an attempt has been made to make the investors happy by rewarding them on the money which has been lost in the last few days. Let us tell you that if the company announced a bonus on the basis of 1:1 ratio, then the shares with the investors will be doubled but the share price will be halved.
According to the media report of there is not going to be any significant benefit to the shareholders from the bonus share. Instead, the company should have considered paying dividends. He also told that it is not that Nika is earning more money, hence is trying to give bonus. In the financial year 2020-21, this company had earned a profit of Rs 62 crore, while in the financial year 2021-22 this profit has come down to Rs 41 crore.
