Bonus Shares Soon: 3 Companies Set To Offer Bonus Issue From Jan 27 To Jan 31

Three leading companies are expected to offer bonus shares in their upcoming meetings of Board of Directors. These companies are Shraddha Prime Projects Ltd, Technopack Polymers Ltd, and Indraprastha Gas Ltd. Check details pertaining to bonus shares below:

What Are Bonus Shares

Bonus shares are free shares that companies offer to their respective shareholders. Companies offer these shares in order to utilise the saved reserves, boost earning per shares (EPS), and enhance the paid-up capital. Shareholders receive bonus shares without any additional cost. These shares are firms’ accumulated earnings that are not offered in the form of dividends but converted into free shares or bonus shares.

1. Shraddha Prime Projects Ltd To Offer Bonus Shares

The company on December 9, 2024 recommended bonus shares in the ratio of 1:1 and fixed January 27, 2025 as the record date. Earlier, it had fixed January 21 as the record date.

Last trading price of Shraddha Prime Projects Ltd shares on BSE stood at Rs 221.95 per shares. The company’s market cap stood at Rs 448.35 crore. Its return on equity (ROE) is 24.90%. Shraddha Prime Projects Ltd shares slipped 4.82% in last 2-weeks, surged 87.22% in last 6-years, rose 76.36% in last 1-year, and offered stunning returns of 1146.91% in last 2-years. In last 5-years, Shraddha Prime Projects shares gave return of 3899.10% in last 5-years.

2. Technopack Polymers Ltd To Reward Free Shares

The company revised the record date for bonus shares as January 29, 2025 for ascertaining eligibility of Shareholders entitled for issuance of fully paid up Bonus Shares in the ratio of 1:1 (i.e. issue of 1 (One) equity share for every existing 1 (One) equity shares held of Rs. 10/- each as on the above –mentioned record date). The company on December 4, 2024 approved bonus share in the proportion of 1:1.

Last trading price of Technopack Polymers Ltd shares on Bombay Stock Exchange (BSE) stood at Rs 75.22 per share. The company’s market cap is Rs 40.62 crore. It operates in plastic products-consumer sector. Technopack Polymers shares gave return of 2.20% in last 2-weeks, soared 41.92% in last 3-months, and slipped 18.88% in last 1-year.

3. Indraprastha Gas Ltd To Offer Bonus Shares

IGL set January 31, 2025 as the record date for 1:1 bonus shares and fixed February 3, 2025 as the allotment date. As per the exchange filing of the Gas & Petroleum sector PSU dated January 21, 2025, “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).”

Last trading price of Indraprastha Gas Ltd shares on Bombay Stock Exchange (BSE) is Rs 383.20 per share as on January 24, 2025. The company’s market cap stood at Rs 26,824.03 crore, according to BSE. Its Return on Equity (ROE) is 17.13%. Indraprastha Gas Ltd shares slipped 7.25% in last 2-weeks, dived 30.16% in last 6-months, and declined 11.86% in last 1-year. In last 5-years, IGL stock fell 22.78%. Indraprastha Gas Ltd shares surged 307.83% in last 10-years.

Disclaimer

The story highlights bonus shares and should not be considered as investment advice by the Moneydaily.in or the Author.  Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. MoneyDaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.

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