1:10, 1:5, 1:1 Stock Splits Coming Up: 8 Major Stocks Splitting In March, Record Dates Fixed; Do You Own Any?

As March month has kick-started, a total of eight companies have announced their stock splits ratio. The majority of the stocks are splitting in the ratio of 1:10, which means their 1 existing shares will be split into ten shares at a cheaper value. While some have announced a stock split of 1:5 ratio as well. These companies are -- Tiger Logistics, Capri Global Capital, Manorama Industries, Ok Play India, Colab Cloud Platforms, United Van Der Horst, and the much-awaited split of PSU Canara Bank.

Except for Canara Bank, all other seven companies have declared their record date for stock splits as well. Generally, share splits mean that listed companies can split their existing shares into a ratio decided by them for a host of reasons. These could be done to improve liquidity, lessen the value of the stock, make it cheaper or simply attract new buying from both existing and new investors.

1. Tiger Logistics Stock Split:

The company has fixed March 4, 2024, as the record date for determining the eligibility of Shareholders for sub - division/split of each Equity Share having face value of Rs.10/- each into 10 (Ten) Equity Shares having face value of Re.1/- each. Hence, the stock split ratio here will be 1:10.

Tiger Logistics was founded in the year 2000 in response to a need for a reliable, high-principled player in the Indian logistics scenario and a goal to be a one-stop shop for international logistics.

2. Capri Global Capital Stock Split:

The company-approved stock split in the ratio of 2:1, which means 1 existing equity share at a face value of Rs 2 each will be split into two having a face value of Rs 1 each.

The stock split will increase the fully paid-up equity of CGCL from Rs206.23mn pre-split to Rs412.46mn post-split. The authorized share capital will be increased from Rs360mn to Rs720mn to accommodate the increase in paid-up equity capital. The Company's stock had last split in Nov'16.

The record and ex-bonus date for the stock split is set on March 5, 2024.

Capri Global Capital Limited (CGCL) is a diversified Non-Banking Financial Company (NBFC) with a presence primarily across two key verticals - MSME Loans and Home Loans.

3. Manorama Industries Stock Split:

This company has fixed Friday, March 08, 2024 as the "Record Date" for determining entitlement of Equity Shareholders for sub-division/stock split of existing Equity Shares of the Company, such that 1 (one) equity share having face value of Rs. 10/- (Rupees ten only) each, fully paid-up, will be sub-divided into 05 (five) equity shares having face value of Rs. 2/- (Rupee two only) each, fully paid-up.

The stock split ratio is 1:5.

Established in 2005, MIL is a global pioneer in manufacturing speciality fats & butter and exotic products. The Company has carved a niche in manufacturing Sal CBE & Stearin, Shea CBE & Stearin, Mango CBE & Stearin and other exotic fats & butter. MIL offers customized solutions to Fortune 500 companies in the chocolate, confectionery and cosmetic industry.

4. Ok Play India Stock Split:

The company announced the stock split in the ratio of 1:10. This means that the company will carry a division of every 1 (one) equity share of the nominal/face value of Rs. 10/- (Rupees ten only) each into 10 (Ten) equity shares of the nominal/face value of Rs. 1/- (Rupees One only) each.

The stock split record date is fixed on March 11, 2024, for determining entitlement of Equity Shareholders for sub-division/ split of existing Equity Shares of the Company.

OK Play India Limited was founded in 1990, to brighten the lives of children through fun and games. As of now, the company has a wide range of products in diverse categories like toys, School Furniture, and Playground Equipment. Mannequins Point-of-Purchase Products, Automotive Products, Infrastructure Products, Industrial Products Truly at OK Play diversification is synonymous with growth.

5. Sunshine Capital Stock Split:

Also, turning ex-split on March 11, Sunshine Capital announced a stock split ratio of 1:10. The face value of the company's shares will be sub-divided from Rs. 10/- to Rs. 1/- each.

Initially, the company started operation in trading of sale/purchase of equity shares, investments and ancillary financial services i.e. Loans & Advances. It has come a long way in the remarkable growth of the company since its inception. Sunshine utilizes structured finance products to provide cost-effective forms of financing that would not otherwise be readily available to clients, with an emphasis on providing long-term finance and trading solutions.

6. Colab Cloud Platforms Stock Split:

Colab fixed Wednesday, 13th March 2024 as a Record Date for ascertaining eligibility of shareholders for sub-division/Split of equity shares of the Company from 1 (One) equity share having face value of Rs. 10/- (Rupees Ten only) each into 5 (Five) equity shares having face value of Rs. 02/- (Rupees Two only) each.

Colab Cloud deals in the business of computer hardware and software processing work and trading of shares & securities.

7. United Van Der Horst Stock Split:

The company revised its record date to March 26, 2024, for the purpose of determining the eligibility of shareholders of the Company for Sub-division/Split of each fully and partly paid-up equity share having face value of Rs.10/- (Rupees Ten Only) each be Sub-divided into 2 (Two) fully and partly equity shares having Face value of Rs.5/- (Rupees Five Only), as approved by the shareholders through Postal Ballot.

UVDHL is engaged in Reconditioning, Re-standardizing, Reverse Engineering & Manufacturing services to most of the core sectors such as Marine, Oil Fields, Power Plants, Petrochemicals, Mining and other major processing industries by combining the patented 'Porous Krome' and hard chrome plating techniques with highly specialized welding processes.

8. Canara Bank Stock Split:

Canara Bank is planning a stock split of 1:5 ratio. Canara Bank said, "The Board of Directors of the Bank at its meeting held on, i.e Monday, 26th February 2024, inter alia, approved Sub-division/ split of every one equity share of face value of Rs. 10/- (Rupees ten only) each, fully paid-up, into 5 (five) equity shares of face value of Rs. 2 /- (Rupee two only) each, fully paid-up, subject to approval of the Reserve Bank of India."

The record date is yet to be fixed.

Founded in July 1906, Canara Bank has been scaling up its market position to emerge as a major Financial Conglomerate with as many as thirteen subsidiaries/sponsored institutions in India and abroad.

As of December 31, 2023, the Bank has 9585 Number of Branches, out of which 3095 are Rural,2742 Semi Urban,1906 Urban & 1842 Metro along with 10463 ATMs. Bank is also having 3 Overseas Branches in London, New York & Dubai.