A stock split occurs when a company increases the total number of its shares by dividing the existing ones into smaller units, making each share more affordable. This doesn’t change the total value of the investment.
A bonus issue, also called a scrip or capitalization issue, is when a company issues additional shares to existing shareholders at no cost, based on their current holdings, increasing the number of shares they own.
Here are the companies to watch in the coming weeks that have announced bonus Shares:
Padam Cotton Yarns Limited
With a market capitalization of Rs. 123.24 crore, the shares of Padam Cotton Yarns Limited closed at Rs. 159.10 per equity share, rising nearly around 0.09 percent from its previous day’s close price of Rs. 158.95.
The company has announced a bonus issue in a 2:3 ratio, granting shareholders two additional shares for every three shares they hold. The record date for this is set for March 18, 2025.
Padam Cotton Yarns Limited was incorporated in 1994 and engages in manufacturing and trading cotton, blended, and polyester yarns. It recently expanded into textile trading.
Greenlam Industries Limited
With a market capitalization of Rs. 5,995.97 crore, the shares of Greenlam Industries Limited closed at Rs. 470 per equity share, rising nearly around 0.01 percent from its previous day’s close price of Rs. 469.95.
The company has announced a bonus issue in a 1:1 ratio, granting shareholders one additional share for every one share they hold. The record date for this is set for March 21, 2025.
Greenlam Industries Limited was established in 2013 and is a leading manufacturer of surfacing products, including laminates, decorative veneers, plywood, and engineered wood floors. The company operates globally, exporting to over 120 countries.
Here are the companies to watch in the coming weeks that have announced stock splits:
Sika Interplant Systems Limited
With a market capitalization of Rs. 1,060.04 crore, the shares of Sika Interplant Systems Limited closed at Rs. 2,500 per equity share, up nearly around 0.70 percent from its previous day’s close price of Rs. 2,482.65.
The company has also announced a stock split in a 1:5 ratio, dividing each equity share with a face value of Rs. 10 each into five equity shares of Rs. 2 each. The record date for this split is March 17, 2024.
Sika Interplant Systems Limited is engaged in manufacturing and services for engineering products, projects, and systems, primarily serving aerospace, defence, and automotive sectors.
Blue Pearl Agriventures Limited
With a market capitalization of Rs. 4.52 crores, the shares of Blue Pearl Agriventures Limited hit a 2 upper circuit of Rs. 176.55 per share, up from its previous closing price of Rs. 173.10 per share.
The company has also announced a stock split in a 1:10 ratio, dividing each equity share with a face value of Rs. 10 each into ten equity shares of Re. 1 each. The record date for this split is March 20, 2024.
Blue Pearl Agriventures Limited is based in Ahmedabad, India and operates in the textiles sector. It was incorporated in 1992 and renamed from Blue Pearl Texspin Limited in August 2024.
Last Mile Enterprises Limited
With a market capitalization of Rs. 770.69 crore, the shares of Last Mile Enterprises Limited closed at Rs. 219.95 per equity share, up nearly around 1.88 percent from its previous day’s close price of Rs. 215.90.
The company has also announced a stock split in a 1:10 ratio, dividing each equity share with a face value of Rs. 10 each into ten equity shares of Re. 1 each. The record date for this split is March 21, 2024.
Last Mile Enterprises Limited is an India-based company engaged in construction, engineering, real estate, general trading, and mobile accessories.
Optimus Finance Ltd
With a market capitalization of Rs. 172.54 crores, the shares of Optimus Finance Limited hit a 2 upper circuit of Rs. 230.90 per share, up from its previous closing price of Rs. 226.40 per share.
The company has also announced a stock split in a 1:10 ratio, dividing each equity share with a face value of Rs. 10 each into ten equity shares of Re. 1 each. The record date for this split is March 21, 2024.
Optimus Finance Limited is based in Vadodara, India, and is a non-banking financial company engaged in financing, investment activities, and chemical trading. It operates through subsidiaries like Maximus International Limited.
Shukra Pharmaceuticals Limited
With a market capitalization of Rs. 1,076.31 crores, the shares of Shukra Pharmaceuticals Limited hit a 2 upper circuit of Rs. 245.80 per share, up from its previous closing price of Rs. 241 per share.
The company has also announced a stock split in a 1:10 ratio, dividing each equity share with a face value of Rs. 10 each into ten equity shares of Re. 1 each. The record date for this split is March 21, 2024.
Shukra Pharmaceuticals Limited was established in 1993 and manufactures and markets pharmaceutical products, including a range of formulations, and conducts laboratory testing. The company operates primarily in the pharmaceutical sector with a focus on sustainability.
Softrak Venture Investment Limited
With a market capitalization of Rs. 17.39 crores, the shares of Softrak Venture Investment Limited hit a 5 upper circuit of Rs. 34.23 per share, up from its previous closing price of Rs. 32.60 per share.
The company has also announced a stock split in a 1:10 ratio, dividing each equity share with a face value of Rs. 10 each into ten equity shares of Re. 1 each. The record date for this split is March 21, 2024.
Softrak Venture Investment Limited was established in 1993 and operates in the professional, technical, and business services sector, focusing on information technology. The company aims to transform businesses through cloud computing and innovative software solutions.
Written By – Nikhil Naik
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