MUFT, MUFT, MUFT! 3:1, 2:1, 1:1 Bonus Shares: 3 Multibagger Penny Stocks To Turn Ex-Bonus From April 15-19

Remember that famous dialogue from Jab We Met, where Geet excitedly says 'MUFT, MUFT, MUFT'? That's exactly what will happen to shareholders of three penny stocks namely Integrated Industries, Naapbooks, and Shukra Pharmaceuticals. The trading week from April 15th to 19th is going to be packed with penny stocks turning ex-bonus. The highest bonus shares will be 3:1 followed by 2:1 and 1:1. These penny stocks are multibaggers with gains ranging from 270% to 1,055% from their 52-week lows.

Bonus shares are corporate actions carried out by listed companies. Under this action, companies issue additional shares as a bonus only to the existing shareholders. Here, investors don't need to pay any money for these shares. In short, bonus shares are FREE, FREE, FREE! Notably, in bonus shares, the face value remains the same.

Here are the details of these 3 penny stocks and their bonus shares' record date, ex-bonus date, and other details:

1. Integrated Industries Bonus Issue:

Packaged food company, Integrated Industries has 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.

On BSE, Integrated Industries' share price stood at Rs 628 apiece, down by 1.88% with a market cap of Rs 601.56 crore after market hours of April 12th. Despite the latest fall, year-to-date, the stock is up by 40% on BSE. Integrated share is also a couple of rupees away from its 52-week high of Rs 677 apiece, but is trading higher by a whopping 1,053.14% from its 52-week low of Rs 54.46 apiece.

2. Naapbooks Bonus Issue:

Computers and software consulting firm, Naapbooks 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.

Accordingly, the bonus issue ratio is 2:1. On April 12, Naapbook share froze at its 5% upper circuit to Rs 267.70 apiece with a market cap of Rs 80.49 crore. YTD, the stock has rallied by a whopping 176% on BSE to date. Naapbooks is also near its 52-week high of Rs 272 apiece, while is currently trading higher by 277.04% from its 52-week low of Rs 71 apiece.

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

3. Shukra Pharmaceuticals:

Yet another penny stock to hit upper circuit limits as the bonus issue record date is nearing. Shukra's share price ended at Rs 326 apiece, up by 2% which is its upper circuit on April 12. The company's market cap stood at Rs 356.87 crore. YTD, the stock has gained by 169% on BSE.

Also, this stock is near its 52-week high of Rs 388 apiece, while trading with an upside of 497.07% from its 52-week low of Rs 54.60 apiece.

The pharma company 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.

Effects of Bonus shares: As per BSE FAQs, bonus shares increase the number of outstanding equity shares, while raising liquidity in equity shares on the stock exchanges. Also, bonus issue creates implicit value per equity share, and reduces free reserves and surplus of the listed companies.