3:1, 2:1, 1:4 & 1:1 Bonus Issue In-Coming: 4 Smallcaps, 3 Penny Stocks To Watch Out In April For Bonuses

Bonus shares are free of cost given by listed companies to their existing shareholders from their profitability of respective financial years. In bonus issues, new equity shares are issued by the companies on existing shares in a specific ratio, however, face value remains the same post-bonus. If you're looking for stocks that reward bonuses, well you're in for a treat. Because a total of 7 listed companies are affordable and ready to turn ex-bonus in April for their bonus shares. Four of them are smallcaps, and three penny stocks.

These are: Promax Power, Integrated Industries, The Anup Engineering, Naapbook, GM Breweries, and Shukra Pharmaceuticals will be turning ex-bonus in the coming days. Four of these seven stocks are issuing bonus shares in a ratio of 1:1 each. Here are the details:

1. Promax Power Bonus Issue:

This engineering company has fixed Tuesday, April 09, 2024, as the record date to determine the list of shareholders eligible for allotment of Bonus Equity Shares. At a 1:1 bonus ratio, Promax will reward 1 bonus share on existing 1 equity share.

Promax offers 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.

A penny stock, Promax is currently at Rs 137.85 apiece on BSE with a market cap of Rs 172.31 crore.

2. Grauer & Weil (India) Bonus Issue:

Unlike Promax, Grauer is a smallcap stock at Rs 197.90 apiece with a market cap of Rs 4,486.51 crore. The 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.

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 Bonus Issue:

Another smallcap, Integrated shares are at Rs 624 apiece with a market cap of Rs 597.73 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.

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 Bonus Issue:

Anup Engineering is yet another smallcap and is currently at Rs 3378.85 apiece with a market cap of Rs 3,362.12 crore. 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 in 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.

5. Naapbook Ltd Bonus Issue:

Computers and software consulting firm, Naapbook is a penny stock currently at Rs 231.50 apiece with a market cap of Rs 69.60 crore. The company is going to reward bonus shares in a ratio of 2:1.

Naapbook has fixed Friday, April 19, 2024, as the Record Date, to ascertain the eligibility of shareholders entitled to issuance of Bonus Equity Shares in the proportion of 2 (Two) new equity shares of Rs. 10/- (Rupees Ten) each for every 1 (One) existing Equity Shares of Rs. 10/- (Rupees Ten) each, which is approved in Extraordinary general meeting of the company held on Saturday, April 06, 2024.

Naapbooks is a FinTech company that is technologically driven with an all-encompassing experience of seven years in the IT industry.

6. Shukra Pharmaceuticals Bonus Issue:

This penny stock in the pharma segment is currently at Rs 301.30 apiece with a market cap of Rs 329.83 crore. This Saturday, the company's Board of Directors has fixed Saturday, April 20, 2024, as the record date, to ascertain the eligibility of shareholders entitled to the issuance of Bonus Shares. 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 div[denq and other corporate action, recommended and declared after the new equity shares are allotted.

The company has announced bonus shares proportion into 3:1. This means that it will be issuing 3 [Three) fully paid-up bonus equity share of Rs. 10/- [Rupees Ten only) each for every 1 (0ne) I'ully paid-up equity share of Rs. 10/- [Rupees Ten only) each held by the Members of the company as on the Record Date.

Shukra is committed to delivering excellence across National & Global markets. Shukra Pharmaceuticals is a public limited organisation with globally acclaimed manufacturing facilities.

7. GM Breweries Bonus Issue:

Liquor-making company, GM Breweries is a smallcap stock at Rs 757 apiece with a market cap of Rs 1,383.61 crore. GM is the latest to approve the issue of Bonus Shares in proportion of 1:4 i.e. One new fully paid bonus equity share of Rs.10/- each for every 4 existing fully paid equity shares of.L0/- each held as of Record Date. The bonus issue of equity shares will be subject to approval by members of the company. It plans to complete the bonus shares within two months from the date of the proposal of the Board i.e. by June 03, 2024.

G.M. Breweries Limited (GMBL) was set up in the year 1981 by Shri Jimmy William Almeida. GMBL is engaged in the activities of manufacturing and marketing of Alcoholic Beverages; such as Country Liquor (CL) and Indian-made Foreign Liquor (IMFL).