Sellwin Traders, a penny stock trading at Rs 25, is going to be in focus in the coming days, as it has announced double rewards for investors during Diwali festival. Sellwin is going to split by 1:5 ratio, and reward bonuses in the ratio of 1:8. The record date is fixed during the Laxmi puja on November 1, 2024.
Sellwin Traders Share Price:
The stock price is currently at Rs 25 apiece, with market cap of Rs 50.65 crore on BSE. The stock is near its 52-week high of Rs 29.85 apiece, while has more than doubled from its 52-week low of Rs 10.50 apiece.
YTD, the stock has risen by nearly 96% on the exchange.
Sellwin Traders Stock Split:
The company has set Friday, November 01, 2024 as the 'Record Date' for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split of every 1 (One) Equity share of face value of Rs. 10/-(Rupees Ten only) each fully paid up to 5 (Five) Equity shares of the face value of Rs. 2/- (Rupee Two only) each fully paid-up.
The ratio of the stock split is of 1:5.
This is the first ever stock split by Sellwin.
Sellwin Traders Bonus Issue:
The bonus issue ratio is 1:8. However, the record date is also on November 1, 2024.
During the record date, the company will ascertain the eligibility of Shareholders entitled to the issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid-up Equity Share having a face value of Rs. 2/- each for every 8 (Eight) existing fully paid up Equity Share having face value of Rs. 2/- each.
Although November 1 is a stock market holiday due to the Diwali festival, however, on this day, the market will open a 1-hour window for trading which will be a normal trading pattern but only for an hour.
About Sellwin Traders:
The company Sellwin Traders Limited (STL) was incorporated on 29th September 1980 under the Companies Act, 1956 in the State of West Bengal with main object to carry on the business as traders, exporters, agents, representatives, dealers, producers, stockiests, importers or distributers of industrial, commercial, agricultural, scientific, household, domestic, farm and forest products, goods, plants, machineries, equipments, apparatus, gadgets, appliances, accessories, spare parts or other merchandise including tea, coffee, jute and jute goods, textiles, cotton, yarn, wool and woolen goods, handicrafts piece of arts, Jewellery, ornaments, steel, plastic, rubber, chemicals engineering goods, minerals, electronic, musical and sports goods, cloth, dresses, garments, transport vehicles, food products, live stocks, books reading and educative materials paper and paper products.
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