1:1 Bonus Shares Soon: 3 Smallcap, 1 Penny Stock To Turn Ex-Bonus In Next 3 Weeks; Do You Own Any?

Four stocks are in focus this month due to their bonus issuance in the ratio of 1:1 each. One of them is a penny stock, and the rest are smallcap and will be turning ex-bonus in less than three weeks. They are Promax Power, Grauer & Weil (India), Integrated Industries, and The Anup Engineering.

Bonus shares are one of the many corporate actions that listed companies announce on several occasions. Bonus shares are like incentives which are free of cost given to investors. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.

Here are the details of bonus shares and the current market price of the companies mentioned above:

1. Promax Power Bonus Issue:

Promax Power is a penny stock currently at Rs 136.55 apiece, with a market cap of Rs 170.69 crore.

The company has fixed Tuesday, April 09, 2024, as the record date to determine the list of shareholders eligible for allotment of Bonus Equity Shares, for which approval of Members, is obtained through an Extra Ordinary General Meeting convened on 26th March 2024.

At a 1:1 bonus ratio, Promax will reward 1 bonus share on existing 1 equity share.

Promax is an engineering company offering high-quality professional solutions, design and engineering services to its customers. The company is into executing turnkey Power, substations, transmission lines, Hydro, distribution, electrification, Civil construction, Pre-engineered buildings, High Rise buildings, Sewerage and Water treatment projects.

2. Grauer & Weil (India) Ltd Bonus Issue:

Grauer & Weil (India) is a smallcap stock currently at Rs 191 apiece with a market cap of Rs 4,330.08 crore. The stock is near its 52-week high of Rs 204.80 apiece.

This chemical company has fixed Wednesday, 10th April 2024 as the "RECORD DATE", to ascertain the eligibility of shareholders entitled to Bonus Equity Shares of the Company in the ratio of 1:1 i.e. 1 (One) new Equity Share of Re. 1/- each for every 1 (One) existing Equity Share of Re. 1/- each held by the Shareholders of the Company as on the record date.

Grauer & Weil (India) Limited or Growel has been a trailblazer in the Surface finishing field. Growel is the only company in India and one of the few in the world that offers complete corrosion protection solutions on all types of substrates across various industry segments.

3. Integrated Industries Ltd Bonus Issue:

Also, a smallcap, Integrated Industries share price is currently at Rs 616 apiece with a market cap of over Rs 590.06 crore.

The packaged foods company fixed Tuesday, April 16, 2024, as the record date, to ascertain the eligibility of shareholders entitled to the issuance of Bonus Shares. The company will pay 1 bonus share to every 1 existing equity share to shareholders identified as on record date.

Further, Integrated Industries has announced that the Bonus Shares, once allotted, shall rank pari-passu in all respects with 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.

Incorporated in 1995, Integrated Industries Limited (ITL) is currently engaged in the business of Organic & Inorganic food products, Bakery Products and other Processed food items.

4. The Anup Engineering Ltd Bonus Issue:

Yet another smallcap company, The Anup Engineering stock is currently at Rs 3428.75 apiece, with a market cap of Rs 3,411.77 crore. On April 4th, the stock touched a new 52-week high of Rs 3,541.20 apiece on BSE.

Anup Engineering has fixed Tuesday, 23rd April 2024 as the Record Date to determine the names of Members who shall be entitled to allotment of bonus equity shares in the ratio of 1: 1 i.e. 1 (One) new fully paid-up equity share of Rs. 10/- each for every 1 (One) fully paid-up equity share of Rs. 10/- each held by the existing Members of the Company.

ANUP is listed on India's stock exchanges National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) as a separate entity (Lalbhai Group Companies). ANUP has been rated CARE A+ with a stable outlook (Single A Plus) for its long-term bank facilities. The company is into supply of process equipment to nearly all major projects in Oil & gas, petrochemicals, Chemicals, Fertiliser, Power, Aerospace and other process Industries in India and worldwide.