Bonus shares are free shares given to the existing shareholders. For example, if a company declares bonus shares at a ratio of 1:2, that means shareholders will get one bonus share for every 2 shares held by them already. In other words, a person holding 200 shares will receive 100 bonus shares for free and thus have 300 shares in total.
Name of the company | Bonus Ratio | Announcement Date | Record Date | Ex Bonus Date |
KPI Green | 1:1 | 30/11/2022 | 18/01/2023 | 18/01/2023 |
Rama Steel Tube | 4:1 | 18/11/2022 | 06/01/2023 | 06/01/2023 |
Globe Commercials | 1:1 | 14/12/2022 | 07/01/2023 | 06/01/2023 |
GM Polyplast | 6:1 | 14/11/2022 | 04/01/2023 | 04/01/2023 |
Secur Credentials | 3:1 | 14/11/2022 | 04/01/2023 | 04/01/2023 |
It is an India-based solar power generating company with the brand name Solarism. It has two primary segments as an Independent Power Producer (IPP) and as a Captive Power Producer (CPP).
% change in share price in past 12 months – +173.61%
P/E Ratio (TTM) – 24.58
Industry P/E – 17.04
Market Cap – ₹ 1,632 cr
Profit – ₹ 43.25 cr (a massive jump from ₹ 14.35 cr last year)
It is an India-based company engaged in the manufacturing and export of steel pipes, including electric resistance weld steel tubes, tubes with anti-rust oil coating and related products such as scaffold, glaze, galvanic agro, light poles etc.Its products are used in various industries such as automobiles, infrastructure, real estate and furnitures.
% change in share price in past 12 months – +157.14%
P/E Ratio (TTM) – 64.96
Industry P/E – 10.31
Market Cap – ₹ 1,610 cr
Profit – ₹ 27.32 cr (a massive jump from ₹ 12.38 cr last year)
Unfortunately, very little information is available on this particular company.
% change in share price in past 12 months – +171.13%
P/E Ratio (TTM) – _
Industry P/E – _
Market Cap – ₹ 17 cr
Profit – _
It is an India-based company producing high grade sheets and granules. Its products include high grade polystyrene sheets (HIPS), polyethylene terephthalate (PET) sheets etc.
% change in share price in past 12 months – +636.34%
P/E Ratio (TTM) – 47.91
Industry P/E – 12.99
Market Cap – ₹ 238 cr
Profit – ₹ 4.13 cr
It is an India-based employee background check company for clients in both India and abroad. This service includes verifications, EduCred (for verification of educational documents), checking employees’ other businesses, family profiles etc.
% change in share price in past 12 months – +353.02%
P/E Ratio (TTM) – 25.56
Industry P/E – NA
Market Cap – ₹ 126 cr
Profit – ₹ 2.05 cr
Bonus shares are an extremely useful tool for cash-starving companies trying to expand. It also saves tax money for investors. The following points show how bonus shares should be considered by a company:
Now that you know the list of companies giving bonus shares 2023, you may consider buying one of them or any other stock of your choice. If you have never traded stocks before, open demat account today, with India’s trusted online stockbroker.
Disclaimer: This article has been written for educational purposes only. The securities quoted are only examples and not recommendations.
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