Companies declare bonus shares from their profit. These shares are awarded to investors for free. Knowing whether you qualify for bonus shares if you are a new investor is essential. As October has arrived, several companies, including small-cap Ruchira Papers, have announced bonus shares. If you have stocks of these companies, you will receive bonus shares in October. Check out the list, and we will also tell you what you need to do to get bonus shares.
Bonus shares: an introduction
Before we discuss the list of companies issuing bonus shares in October 2022, let’s understand what a bonus share is.
Bonus shares are companies’ accumulated earnings converted into additional equities. Companies issue bonus shares to encourage retail investors, making the shares cheaper and affordable for more investors.
Bonus shares are issued at a constant ratio of the number of shares held by individuals. For example, the company may announce to issue bonus shares in the proportion of 4:1, meaning for four shares of the company, the investor will receive one bonus share.
Eligibility for bonus shares
The eligibility depends on the record date and ex-date of the shareholder.
The company decides a record date or cut-off date to select eligible shareholders. To receive bonus shares, the individual must be a shareholder before the record date.
An ex-date is a date preceding the record date fixed by the company.
The current equity delivery cycle to Demat accounts in India is t+2 days. All shareholders before record and ex-date are eligible to receive bonus shares. However, investors must buy shares before the ex-date to become eligible. Stocks purchased on the ex-date aren’t suitable for bonus shares as they will take two days to get credited to the Demat.
Companies issuing bonus shares in October 2022
The directors of Shivalik Bimetal Controls Ltd. has approved the issuing bonus shares in the ratio of 1:2, meaning one bonus share for every two shares.
The shares will trade on an ex-bonus basis on October 13, 2022.
Shivalik Bimetal stocks have turned a multibagger, surging nearly 45 percent in the last six months from Rs 511 to Rs 740. Shivalik Bimetal shares have recorded 90 percent growth in year-to-date price, rising from Rs 511 to Rs 740 per share
Follow Shivalik Bimetal share price of Angel One.
Selecting a penny stock requires a lot of market knowledge and experience. When you choose the right penny stock, you can gain over 100 percent when the stock price rises. The same is the case with Kaarya Facilities.
With a market capitalization of Rs 13.74 crore, Kaarya Facilities & Services Ltd. is a small-cap company that operates in the commercial services industry. The company has announced bonus shares in the ratio of 1:1. On September 26, 2022, the company’s board announced that investors holding Kaarya Facilities shares on the record date will receive the bonus shares.
Track Kaarya Facilities share price on Angel One’s mobile app.
SecMark Consultancy is a small-cap IT firm with a market valuation of Rs 88.23 crore. The company engages in technology, outsourcing, and consulting services for corporate operations, risk management, and compliance with regulations. The board has approved issuing bonus shares in a 3:2 ratio, meaning investors for every three shares will receive two bonus shares.
The company has fixed October 12, 2022, as the record date.
If you want to buy SecMark Consultancy shares, check out SecMark Consultancy share price on Angel One’s website.
The company has informed the exchange that its board has approved October 10, 2022, as a fixed record date.
They will offer bonus shares in the ratio of 3:2. Investors will receive two bonus shares for every three fully paid-up shares.
Get live updates of Sigma Solve share price on Angel One.
Anshuni Commercials Ltd.
The board has approved October 7, 2022, as the record date for the bonus share.
The company is involved in diamond cutting, jewellery, and precious metals. Anshu Commercials has approved a bonus share issue in the ratio of 4:1, meaning the investor will receive one bonus share for four Anshu Commercials’ shares.
Buy Anshuni Commercials stocks. Follow Anshuni Commercials share price on Angel One.
The paper company has announced issuing bonus shares in a ratio of 1:10. Investors will get one bonus share for ten shares on their portfolio. Ruchira Papers’ stocks will trade ex-bonus from October 7, 2022.
It is a small-cap paper company that manufactures kraft, writing, and printing paper.
Track live Ruchira papers stock price updates on Angel One.
Asian Hotel (E)
Asian Hotel (E) is a small-cap company with a market capitalization of Rs 397 crore.
The shares of the company will trade ex-bonus from October 6, 2022. The board has fixed October 7, 2022, as the record date for bonus shares.
Investors of Asian Hotel (E) will get one bonus share for every two shares on their portfolio.
Learn Asian Hotel (E) share price updates on Angel One.
The board of Jonjua Overseas has fixed October 3, 2022, as the record date for the bonus shares. The company will give bonus shares in the ratio of 4:23. Investors will receive four bonus shares for 23 stocks of Jonjua Overseas.
If you want to buy Jonjua Overseas, follow Jonjua Overseas share price updates on Angel One.
The BSE-listed small-cap company has announced bonus shares and will trade ex-bonus on October 3, 2022. The board approved offering bonus shares at their 19th Annual General Meeting (AGM). Investors will get bonus shares in the ratio of 1:2.
Track Yug Decor share price on Angel One’s website before buying.
The company has decided to offer bonus shares in the ratio of 1:1, meaning investors will get one bonus share for each Quadpro ITeS stock in their portfolio. The stocks will trade ex-bonus in October 2022.
Track Quadpro ITeS share price live updates on Angel One.
Specular Marketing and Financing Ltd.
M Lakhamsi Industries, formerly known as Specular Marketing and Financing Ltd., is a small-cap company listed on BSE with a market capitalization of Rs 0.57 crore. The company will trade ex-dividend and ex-bonus from October 4, 2022. The company has announced bonus shares in the ratio of 6:1 and dividends of Rs 0.5 per share.
Track live Specular Marketing and Financing share price updates on your Angel One’s mobile app.
These are some companies issuing bonus shares in October 2022. You may expect to get bonus shares if you have these stocks in your portfolio. Bolster your portfolio and earn higher income with rewarding company stocks. Begin your investing journey with Angel One.
Disclaimer: This blog is exclusively for educational purposes. The securities quoted are exemplary and are not recommendatory.