2:1 Bonus Issue: 4 Penny Stocks Of Rs 4-170 To Trade Ex-Bonus In Next Trading Week; Know Record Dates

A total of four penny stocks are set to trade ex-bonus in the trading week from February 5th to 10th. These stocks are offering bonus shares in a ratio of as high as 2:1. They are Maagh Advertising and Marketing Services, Intellivate Capital Ventures, Shreeji Translogistics, and Akshar Spintex. These stocks trade from as low as Rs 4 to nearly Rs 170. The equity shares will be influenced accordingly in the trading week.

Generally, bonus shares are issued in a certain proportion only to the existing shareholders free of cost. 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.

Maagh Advertising and Marketing Services Bonus Issue:

This media company's share price is first up to turn ex-bonus on February 5. The company's board will be meeting on February 6 to consider and approve the allotment of 4,50,02,500 Equity Shares of Rs.1/- pursuant to bonus shares to the Shareholders entitled as on record date.

Maagh's bonus issue is in the ratio of 1:4, which means that it will issue 1 bonus share on the existing four shares. The bonus share will be issued to only those investors who hold its share price in demat accounts by the end of February 5.

Maagh Advertising and Marketing Services is a data-driven advertising solutions company that helps businesses achieve their marketing goals. Delivering campaigns that are optimized at every point of the campaign journey. Creating precise strategies and analytical metrics, helps brands reach the right audiences.

On BSE, Maagh shares stood at Rs 165.30 apiece, at its 5% lower circuits with a market cap of Rs 297.56 crore on Friday.

Intellivate Capital Ventures Bonus Issue:

Intellivate will issue the highest bonus shares compared to the penny stocks that are scheduled to trade ex-bonus next week. Intellivate is offering 2 bonus shares on every 1 existing share fully paid-up Equity Shares having a face value of Re 1 each.

This leads to a bonus issue ratio of 2:1.

The company has fixed February 7 as the record date for the purpose of ascertaining the eligibility of shareholders entitled to the issuance of bonus shares by the Company.

Engaged in the financial services business, Intellivate Capital Ventures is an SME focused on Corporate Finance Advisory boutique. The Company focuses on investing in industries, such as renewable energy, environment, information technology/ information technology-enabled services ( IT / ITes), infrastructure and emerging sectors like education, media and healthcare.

On February 2nd, Intellivate shares froze at a new 52-week high of Rs 134.45 apiece with a market cap of Rs 578.51 crore.

Shreeji Translogistics Bonus Issue:

Logistic share price will turn ex-bonus on February 8 for its bonus issue in the ratio of 1:3.

As per the regulatory filing, the company has fixed Thursday, 8th February 2024 as the 'Record Date' for the purpose of determining eligible shareholders for issue and allotment of fully paid Bonus shares of face value of Rs.2/- (Rupees Two only) in the ratio of 1 (One) Equity Share for every 3 (Three) Equity Shares each fully paid-up, subject to approval of shareholders to be obtained by way of Postal Ballot through remote e-voting process.

On BSE, Shreeji shares ended at Rs 54.27 apiece, down by 4.08% with a market cap of Rs 284.44 crore on Friday.

Shreeji Translogistics Limited (STL) was incorporated in 1984, headquartered in Vashi, Navi Mumbai. The Company is engaged in freight management, logistic solutions, and warehousing services. It caters to a range of logistical requirements from Over Dimensional Cargo (ODC) movement to bonded trucking movements.

Akshar Spintex Bonus Issue:

Akshar is the cheapest penny stock among the four stocks to trade ex-bonus next week. On BSE, Akshar's share ended at Rs 4.81 apiece, down by 2.24% with an m-cap of Rs 120.25 crore by the end of the February 2nd trading session.

The textile company has fixed February 8 as the record date to determine the eligibility of shareholders for issuance of Bonus Equity Shares of the Company in the ratio of 01:5 i.e. 01 (One) Equity Shares of Re. 1/- each for every 5 (Five) existing Equity Share of Re. 1/- each held as on the above-mentioned record date. You are requested to take note of the same.

The bonus issue ratio of 1:5.

We have a total of 24,480 spindles with an annual production of 7500 MT in cotton yarn for our count range is 16's to 44's Ne contamination Controlled auto coned carded, semi-combed and combed mill with all latest German and Japanese technology machinery. When it comes to quality yarns, the company said it is the industry leader in satisfying customers.

As per the website, because of the increased demand of value added quality yarns the company has decided to increase the capacity of value-added yarn, the company has decided to make Carded, Combed, Slub yarn, Core yarn, TFO(Doubling) yarn, Eli Twist yarn, Fancy yarn, Melange yarn, Blended yarn, BCI and Organic Certified yarn.