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Nykaa: Why is Nykaa Share Price Falling So Sharply?
क्या हमें Nykaa का Share लेना चाहिए?

Nykaa sells beauty, wellness and fashion products across websites, mobile apps and 100+ offline store

The shares, which made its debut on the bourses, in November 2021, have declined almost 68% since its listing.

Notably, the company reported a significant rise in profits and revenues in its latest quarterly results

Liquidation by Pre-IPO Investors: 

The Nykaa share price has been under pressure due to the expiry of the lock-in period for pre-IPO investors on November 9.
Notably early investors like Lighthouse India Fund-III, Segantii India Mauritius, private equity firm TPG, and NRI investor Mala Gopal Gaonkar sold shares worth more than a thousand crores.

CFO Resignation: 

One of the distinguishable features of Nykaa among other recently listed tech companies has been its consistent profitability. Obviously, the CFO Arvind Agarwal must have had a big role to play in this.
In such a situation, the resignation of the CFO who had been with the company through its IPO jolted the investors confidence

Issue of Bonus Shares: 

Nykaa announced that it will issue bonus shares on 11th November. The date should not have mattered but it came just after the lock-in period for pre-IPO investors ended the day before.
Market participants viewed it as a sly move to retain investors and prevent them from selling shares in the company.

Growth in the December quarter will be driven by festive demand during the holiday season for Nykaa

Company has much headroom for growth left as the company is continuing to increase its store network all over the country with high brand recognition.