1:1 Bonus Share: PSU Gas Stock Issues Allotment Update

Large cap state-run company operating in Gas & Petroleum sector Indraprastha Gas Ltd (IGL) today fixed January 31, 2024 as the record date for 1:1 bonus share. The company also announced allotment update for the bonus share. Current market price of Indraprastha Gas Ltd shares on Bombay Stock Exchange (BSE) is Rs 398.00 per share with intraday fall of 1.02% at the time of writing the story.

Indraprastha Gas shares slipped 7.70% in last 2-weeks and surged 2.49% in last 1-month. The company’s market cap stood at Rs 27,828.53 crore, according to BSE. It offers a Return of Equity (ROE) of 17.13%. Check relevant details pertaining to bonus issue below:

Indraprastha Gas Ltd Fixes Record Date For Bonus Share, Issues Allotment Update

According to the BSE filing of Indraprastha Gas Ltd dated January 21, 2024, “This is further to our previous letters dated December 10, 2024 and January 16, 2025 intimating the approval by the members for issue of bonus shares in the ratio of 1: 1. In this regard, this is to inform that the Bonus Issue Committee has fixed Friday, January 31, 2025, as the “Record Date” to determine the eligibility of shareholders for issuance of the said Bonus Shares. Accordingly, the deemed date of allotment shall be Monday, February 03, 2025 for the purpose of allotment of said Bonus Shares of the Company (ISIN No.: INE203G01027).”

Indraprastha Gas Ltd To Consider Financial Results Soon

The exchange filing of IGL issued as on January 21, 2024 stated, “this is to inform that meeting of the Board of Directors is scheduled to be held on January 27, 2025, inter-alia to consider and approve the Unaudited Financial Results for the quarter ended December 31, 2024. The Trading Window of the Company is already closed w.e.f. January 01, 2025 till the expiry of 48 hours after the Unaudited Financial Results are made public on January 27, 2025.”

Indraprastha Gas Shares Performance

The 52-week high price of IGL share is Rs 570.60 per share (as on 02/09/2024) and 52-week low price is Rs 306.50 per share (as on 21/11/2024), respectively. Indraprastha Gas Ltd shares declined 24.81% in last 6-months, fell 10.35% in last 1-year, and rallied 316.63% in last 10 years.

IGL Dividend History

According to details available on Trendlyne, “Indraprastha Gas Ltd announced 26 dividends since September 14, 2004. In last 1-year, IGL recommended an equity dividend amounting to Rs 10.50 per share. At the current share price of Rs 398.00, Indraprastha Gas offers a dividend yield of 2.64%.

IGL About

Incorporated in 1998, IGL took over Delhi City Gas Distribution Project in 1999 from GAIL (India) Limited (Formerly Gas Authority of India Limited). With the backing of strong promoters – GAIL (India) Ltd. and Bharat Petroleum Corporation Ltd. (BPCL) – IGL plans to provide natural gas in the entire capital region. The two main business objectives of the company are to provide safe, convenient and reliable natural gas supply to its customers in the domestic and commercial sectors. To provide a cleaner, environment-friendly alternative as auto fuel to residents of the areas of NCT of Delhi; districts Gautam Budh Nagar, Ghaziabad, Hapur, Muzaffarnagar, etc, according to its official website.

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