Sub-division and bonus Issue of equity shares of ALSTONE

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to i…

Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

As per a recent BSE circular, 

  • 1 equity share of Alstone Textiles (India) Ltd. (Scrip Code: 539277) will be sub-divided into 10 equity shares.
  • A bonus of 9 equity shares will be issued for every 1 equity share held. 
  • The key dates for the same are as follows:

    Company NameSymbolRecord DateEx-bonus Basis From Date
    Alstone Textiles (India) Ltd.ALSTONE          14-Dec14-Dec

    Refer: BSE circular

    Important dates: Landmark Cars Ltd. IPO

    Landmark is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. They also…

    Landmark is a leading premium automotive retail business in India with dealerships for Mercedes-Benz, Honda, Jeep, Volkswagen, and Renault. They also cater to the commercial vehicle retail business of Ashok Leyland in India. They were the number one dealer in India for Mercedes in terms of retail sales for Fiscal 2022 and the number one dealer in India for Honda and Jeep in terms of wholesale sales for Fiscal 2022.

    Read more about Landmark Cars IPO

    The below table has important dates with respect to the IPO allotment and listing.

    Finalization of Basis of Allotment20-Dec-22
    Initiation of Refunds21-Dec-22
    Credit of Shares to Demat Acct22-Dec-22
    IPO Shares Listing Date23-Dec-22
    UPI mandate expiry date24-Dec-22

    How to Check Allotment Status

    In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

    Important dates: Sula Vineyards Ltd. IPO

    Sula is India’s largest wine producer and seller as of March 31, 2022. The company is the market leader across all 4 price segments: ' Elite’, ‘Premi…

    Sula is India’s largest wine producer and seller as of March 31, 2022. The company is the market leader across all 4 price segments: ' Elite’, ‘Premium’, ‘Economy’, and ‘Popular’. It is also recognized as the market leader across wine variants, including red, white, and sparkling wines. Sula Shiraz Cabernet is India’s largest-selling wine by value in Fiscal 2021. 

    Read more about Sula Vineyards IPO

    The below table has important dates with respect to the IPO allotment and listing.

    Finalization of Basis of Allotment19-Dec-22
    Initiation of Refunds20-Dec-22
    Credit of Shares to Demat Acct21-Dec-22
    IPO Shares Listing Date22-Dec-22
    UPI mandate expiry date23-Dec-22

    How to Check Allotment Status

    In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

    Important dates: Abans Holdings Ltd. IPO

    The company is part of Abans Group, which is a globally diversified organization engaged in Financial Services, Gold Refining, Jewellery, Commod…

    The company is part of Abans Group, which is a globally diversified organization engaged in Financial Services, Gold Refining, Jewellery, Commodities Trading, Agricultural Trading and Warehousing, Software Development, and Real Estate.

    Read more about Abans Holdings IPO

    The below table has important dates with respect to the IPO allotment and listing.

    Finalization of Basis of Allotment20-Dec-22
    Initiation of Refunds21-Dec-22
    Credit of Shares to Demat Acct22-Dec-22
    IPO Shares Listing Date23-Dec-22
    UPI mandate expiry date24-Dec-22

    How to Check Allotment Status

    In case you have not been allotted for any partial allotment of IPO shares, the blocked amount, if any, will be unblocked/released on or before UPI mandate expiry date as mentioned in the above table. Please reach out to your bank in case funds are not unblocked/released post the mandate expiry date.

    Bonus Issue of BLS International Services Ltd.

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the sh…

    Bonus Issue is one of the corporate actions where a company issues bonus shares as new or additional shares, free of cost and in proportion to the shares held by the shareholder.

    As per the recent BSE circular, BLS International Services Ltd. (Scrip Code: 540073) is issuing 1 bonus share for every 1 existing share. The key dates for the Bonus Issue are as follows:

    Company NameSymbolRecord dateEx-Bonus basis from Date 
    BLS International Services Ltd.BLS10-Dec08-Dec

    Refer: BSE circular

    Open Market Buyback - December 2022

    Buyback is a corporate action in which a company buys back its shares from the existing shareholders for several reasons. There are different methods…

    Buyback is a corporate action in which a company buys back its shares from the existing shareholders for several reasons. There are different methods of buyback among which Open Market Buyback is one.

    In an open market buyback, the company purchases its shares directly from the market and there won’t be any tender process. Any equity shareholder of the company can participate in the buyback offer during the buyback window.

    Here are the open market buybacks of December 2022:

    CompanyStart dateEnd date
    Infosys Limited07-12-202206-06-2023

    W.e.f 08-Dec: New Identity for Superb Papers Ltd.

    As per a recent circular, the name and symbol of Superb Papers Ltd. (Scrip code: 532070) will be changed as follows w.e.f 08-Dec-22. Existing Sy…

    As per a recent circular, the name and symbol of Superb Papers Ltd. (Scrip code: 532070) will be changed as follows w.e.f 08-Dec-22.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    SUPRBPASUMUKAAGSuperb Papers Ltd.Sumuka Agro Industries Ltd.

    Refer: BSE Circular

    Sub-division of equity shares of MEFCOM Capital Markets Ltd.

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to i…

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

    As per a recent circular, 1 equity share of MEFCOM Capital Markets Ltd. (Scrip Code: 531176) will be sub-divided into 5 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    MEFCOM Capital Markets Ltd.MEFCOMCAP1:502-Dec02-Dec

    Refer: BSE circular

    Sub-division of equity shares of Likhitha Infrastructure Ltd.

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to i…

    Stock sub-division or stock split is a corporate action in which a company increases the number of its outstanding shares by issuing more shares to its existing shareholders.

    As per a recent circular, 1 equity share of Likhitha Infrastructure Ltd. (Scrip Code: 543240) will be sub-divided into 2 equity shares. The key dates for the same are as follows:

    Company NameSymbolSub-division RatioRecord DateEx-split Date
    Likhitha Infrastructure Ltd.LIKHITHA1:202-Dec02-Dec

    Refer: BSE circular

    W.e.f 05-Dec: New Identity for Larsen & Toubro Infotech Ltd.

    As per a recent circular, the name and symbol of Larsen & Toubro Infotech Ltd. (Scrip code: 540005) will be changed as follows w.e.f 05-Dec-22.&#…

    As per a recent circular, the name and symbol of Larsen & Toubro Infotech Ltd. (Scrip code: 540005) will be changed as follows w.e.f 05-Dec-22.

    Existing Symbol New Symbol Existing Name the of CompanyNew Name of the  Company
    LTILTIMLarsen & Toubro Infotech Ltd.LTIMindtree Ltd.

    Refer: BSE Circular