Omnichannel beauty and personal care retailer Nykaa has allotted 5.23 lakh equity shares to employees as part of its Employee Stock Option Scheme (ESOP), the company said in a stock exchange filing on Monday.
Based on Nykaa’s opening share price of Rs 197.3 on the National Stock Exchange (NSE) on Monday, the total value of the latest ESOP allotment comes to around Rs 10.33 crore. The newly issued shares will rank equally with the existing shares in all respects, the company said.
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Nykaa, which is run by parent firm FSN E-Commerce Ventures, has been consistently using stock options as a way to retain and reward talent.
Since the begining of the year, the company has made several such allotments under its ESOP scheme. It alloted 90,500 equity shares around Rs 1.49 crore in February this year, and in April, it granted an allotment worth Rs 32.2 lakh with 17,010 equity shares.
In November last year, the company allotted 1.80 lakh equity shares under its ESOP plan. Before this, it allotted 3.08 lakh equity shares under ESOP in October 2024, taking its cumulative allotment in the December quarter to about 4.8 lakh equity shares.
Employee stock options are commonly used by startups and listed new-age companies as a way to align employees’ interests with long-term business growth, offering them a stake in the company’s success.
Edited by Megha Reddy
