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7 stocks to turn ex-bonus this week. Check list here

7 stocks to turn ex-bonus this week. Check list here

These seven companies are — Shubham Polyspin, Alphalogic Techsys, Eclerx Services, IFL Enterprises, Choice International, Ruby Mills, and JMD Ventures.

Check list Shubham PolyspinShubham Polyspin is a highly experienced manufacturer of polypropylene products like PP yarn, narrow fabrics, etc. The company has set September 22 as the record date for its bonus issue in the ratio of 1:10. This means, that eligible shareholders will receive one bonus share having a face value of ₹10 each for the existing ten equity share at ₹10 fully paid-up. It will turn ex-bonus on September 21.  On BSE, the company’s shares stood at ₹118.35 apiece down by 4.98% on Friday. Alphalogic TechsysPune-based Alphalogic is into software and consulting with customers spread over 30 countries. The company has expertise in Ruby on Rails, Java, Swift and Objective-C, AngularJS, HTML5, and others.
On Friday, the shares closed at ₹64.60 apiece up by ₹4.96% on BSE. The company has announced a bonus issue of a 1:2 ratio. Eligible shareholders will receive one bonus share against two existing equity shares. September 21 is set as the record date to determine eligible shareholders for the bonus shares. Thereby, the shares will turn ex-bonus on September 21.  Eclerx ServiceseClerx provides business process management, automation, and analytics services to a number of Fortune 2000 enterprises, including some of the world’s leading financial services, communications, retail, fashion, media & entertainment, manufacturing, travel & leisure, and technology companies. To determine eligible shareholders for bonus issues in the ratio of 1:2, the company fixed September 22 as the record date. eClerx will offer one bonus share for every existing 2 equity shares having a face value of ₹10 each. On BSE, the company’s shares closed at ₹2,243.70 apiece down by ₹83.30 or 3.58%. The company’s market cap is ₹7,589.64 crore. The company’s shares will turn ex-bonus on September 21.  IFL EnterprisesThe company is involved in the business of acquisition, trading of shares, stocks, bonds, etc. It also carries on the business of all kinds of fabrics and other similar products. On BSE, IFL shares closed at ₹164.85 apiece on Friday flat compared to the previous closing. The company will issue bonus shares in the ratio of 1:1, which means, one bonus equity share for every existing 1 equity share having a face value of ₹10 each. The company fixed September 21 as the record date for the bonus issue. Just like above-mentioned stocks, IFL shares will also turn ex-bonus on September 21.  Choice InternationalChoice International is one of India’s leading Financial Services conglomerates catering to not only India but also the entire Globe. On BSE, the company’s shares closed at ₹461.05 apiece down by 1.98% on Friday. The company will determine eligible shareholders for bonus issues in the ratio of 1:1 on the record date of September 23. Eligible shareholders will receive one bonus equity share on every existing one equity shares having a face value of ₹10 each. Ahead of the record date, Choice Int shares will turn ex-bonus on September 22.  Ruby MillsThe company is a leader and maker of pure and blended fabrics. Its product range of premium quality fabrics includes Cotton, Polyester, and Viscose among others. It has fixed September 25 as the record date for determining eligible shareholders for bonus issues in the ratio of 1:1. Shareholders whose names appear in the register of the company will receive one bonus equity share on every existing one equity share having a face value of ₹5 each. As September 25 is on a weekend, thereby, Ruby Mills shares will turn ex-bonus on September 23.  On BSE, Ruby Mills shares closed at ₹672.80 apiece down by 1.72% on Friday. JMD VenturesJMD is an Indian business conglomerate having revenues of more than 2 billion rupees and having a diversified business portfolio spanning different industries viz a viz entertainment, digital, ecommerce, education, distribution, retail, investment, infrastructure, media, trading & services sectors. On BSE, JMD shares closed at ₹14.20 apiece higher by 1.94% on Friday. The company has fixed September 23 as the record date to determine eligible shareholders for bonus issues in the ratio of 1:1. Eligible shareholders will receive 1 new equity share as a bonus on every existing 1 equity share. Ahead of the record date, the shares will turn ex-bonus on September 23. Bonus sharesThe ex-bonus is an important date for investors to be eligible for bonus shares. To be eligible for bonus shares, an investor should buy the stocks of a company at least one day or two days before the ex-date. This is because of the T+1 and T+2 settlement cycle. Companies like Alphalogic, JMD Ventures and IFL Enterprises will turn ex-bonus on the same day as the record date due to their settlement cycle being ‘T+1’ type. Notably, under the T+1 option, the shares you bought will get credited to your Demat account in 24 hours. Meanwhile, under the T+2 option, the shares you bought will get credited to your Demat account after two days.  

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Board of this small-cap stock recommends bonus shares in 1:1 ratio

Board of this small-cap stock recommends bonus shares in 1:1 ratio

Choice International Ltd is a small company that is engaged in various financial services with a market cap of ₹2,141.50 Cr. The Board of the company has recommended a bonus share issue in the ratio of 1:1. The company has said in a regulatory filing that “The Board has recommended the Issue of Bonus Shares in the ratio of l: 1 i.e. one equity share for each fully paid up equity share held as on record date fixed for the purpose. Consequent to the bonus issue, the total paid up share capital will be Rs. 99,51,20,000/-(Rupees Ninety Nine Crores Fifty One Lakhs Twenty Thousand only) from the existing Rs.49,75,60,000/-.( Rupees Forty Nine Crores Seventy Five Lakhs Sixty Thousand Only ). The bonus issue of equity shares is subject to the approval of the Shareholders at the 291h Annual General Meeting (“AGM”) and any other applicable statutory and regulatory approvals, as may be required. The Company will inform in due course the Record date for determining entitlement of the shareholders to receive Bonus Shares.” The company has also informed stock exchanges that “Consequent to the approval of Bonus Issue & ESOP Scheme, the Board has approved and recommended to the Shareholders for their approval of increase in Authorised Share Capital of the Company from Rs. 50.10 Crores toRs. 108 Crores at the 29th Annual General Meeting of the Company.” Bonus share details of Choice International Ltd as per the data available on stock exchangesType of securities proposed to be issued (viz. equity shares, convertibles etc.); Equity Shares of face value of Rs. 10/- each. Total number of securities proposed to be issued or the total amount for which the securities will be issued (approximately): Rs. 49,75,60,000 divided into 4,97,56,000 Equity Shares of Rs. 10/- each Whether bonus is out of free reserves created out of profits or share premium account: The Bonus Shares will be issued out of the permissible reserves i.e. Securities Premium Account of the Company available as at 31st March, 2022. Bonus ratio; 1: 1, i.e. One Equity Share of Rs. 10/- each for every One fully paid-up Equity Share ofRs. 10/- each held as on the Record Date. Details of share capital – pre and post bonus issue; Free reserves and/ or share premium required for implementing the bonus issue; Pre-Bonus Issue paid up share capital: Rs. 49,75,60,000/- divided into 4,97,56,000 Equity Shares of Rs. 10/- each. Post-Bonus Issue paid up share capital: Rs. 99,52,10,000/- divided into 9,95,21,000 Equity Shares ofRs. 10/- each.
Free reserves and/ or share premium required for implementing the bonus issue; Rs. 49,75,60,000/- Estimated date by which such bonus shares would be credited/dispatched; Within two months from the date of Board Approval i.e. on or before October 3, 2022. The shares of Choice International Ltd closed today at ₹432.50 apiece, down by 0.18% from the previous close. On a YTD basis the stock has gained 43.57% so far in 2022.

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Multibagger stock of 2022 approves issuance of bonus shares

Multibagger stock of 2022 approves issuance of bonus shares

With a market valuation of Rs. 27.73 Cr., IFL Enterprises Ltd. is a small-cap company that operates in the commercial services industry. In addition to the business of acquisition, trading of shares, stocks, bonds etc the corporation also engages in the trade of various textiles and related goods. The company, which is also a fabric and textile trading firm with offices in Delhi, provides a wide range of products, including heavy fabrics and things that are linked to fabrics. Today the company has informed BSE that “The Board of Directors has considered, approved and recommended issue of (1:1) One Bonus Share for every one equity share held by the equity shareholders of the Company. The bonus issue of equity shares is subject to the approval of the shareholders and any other applicable statutory and regulatory approvals, as may be required. The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights of the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared, if any, after the issue and allotment of such Bonus Shares.” The Board also “Considered and approved the migration of company’s present listing from SME Platform of BSE to the Main Board of BSE Limited, subject to the approval of the shareholders and any other applicable statutory and regulatory approvals, as may be required,” said the company in a BSE filing. Key takeaways from bonus issue of IFL Enterprises as per the data of BSEBonus ratio: 1 (One) equity share of INR 10/- each fully paid up for every 1 (One) equity shares of INR 10/- each fully paid up held as on the record date to be determined. Pre-bonus issue: paid-up share capital as of July 15, 2022 is INR 9,09,61,720/- divided into 90,96,172 equity shares of INR 10/- each. Post-bonus issue: paid-up share capital would be -INR 18,19,23,440/- divided into 1,81,92,344 equity shares of INR 10/- each. Free reserves and/ or share premium required for implementing the bonus issue: INR 9,09,61,720/-. Free reserves and/ or share premium available for capitalization and the date as which such balance is available: As of July 15, 2022, securities premium account is INR 15,30,82,980/-.
Estimated date by which such bonus shares would be credited/dispatched: The Bonus shares will be credited/ dispatched within 2 months from the date of Board approval i.e., by September 14, 2022. The shares of IFL Enterprises closed today at ₹92.35 level, down by 0.59% from its previous close. The stock has delivered a multibagger return of 267.93% in 1 year and on a YTD basis, the stock has generated a multibagger return of 289.66% so far in 2022. In the last 6 months, the stock has given a multibagger return of 179.43% and has managed to surge 11.87% in 1 month.

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Metal stock hits 52-week high ahead of record date for bonus shares issue

Metal stock hits 52-week high ahead of record date for bonus shares issue

Shares of Ratnamani Metals and Tubes Ltd jumped to hit a 52-week high level of ₹1,920 apiece on the BSE in Thursday’s early deals as the stock started trading ex-bonus, a day ahead of its record date for the bonus shares issue. The board of the company last month has considered and recommended a bonus issue in the ratio of 1:2 i.e. One new bonus Equity Share of Rs.2/- each for every Two existing fully paid up Equity Shares of Rs.2/- each, subject to approval by the members and any other applicable statutory and regulatory approvals through postal ballot.  Further, the bonus shares will be credited to those members who are holding the equity shares as on a record date Friday, July 1, 2022, the company had informed. The Bonus Shares will be issued out of Securities Premium Reserve, Free Reserves, Retained Earnings available as at March 31, 2022. The Bonus shares will be credited/dispatched within 2 months from the date of board approval i.e. latest by July 17, 2022, it had said. “The Bonus shares once allotted shall rank pari-passu in all respects and carry the same rights as the existing Equity Shares and shall be entitled to participate in full in any dividend and other corporate action, recommended and declared after the new equity shares are allotted,” the company added. Further, the company’s board had also recommended a dividend of ₹14 per Equity Share (i.e. @ 700%) on 4,67,28,000 Equity Shares of ₹2 each (pre-bonus) to the members, which translates into dividend of ₹9.33 per equity share, having face value of ₹2/- each (post-bonus), for the financial year ended on March 31, 2022.
Ratnamani’s production plants are located in Gujarat, India, in Chhatral & Indrad (near Ahmedabad) and Bhimasar (near Gandhidham, Kutch). The production and testing resources of the company manufacture an extensive range of Nickel Alloy / Stainless Steel Seamless Tubes and Pipes, Stainless Steel Welded Tubes and Pipes, Titanium Welded Tubes, Carbon Steel Welded Pipes, and Stainless Steel / Carbon Steel Pipes.

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