Big Bonus Issues, Stock Splits In April: 3 Stocks To Reward Free Shares, 1 To Get Affordable

3 leading companies will soon reward bonus share to its shareholders and one stock will conduct stock split. The stocks that will offer bonus shares are Grauer & Weil (India) Ltd, Promax Power, and Naapbook. Meanwhile, Sprayking Ltd will carry out stock split in the ratio of 1:5 implying 1 share will be sub-divided into 5 new shares. All these stocks have offered multibagger returns to shareholders. Check details below:

1. Sprayking Ltd Stock Split: The last trading price of Sprayking Ltd share is Rs 225.20 per share and it will soon split into 5 new shares. The company on April 1, 2024 fixed April 12 as the record date for 1:5 stock split/sub-division of shares. The 52-week high price of Sprayking share on BSE is Rs 300.20 per share and 52-week low price is Rs 79.17 per share, respectively. The company's market cap is Rs 237.99 crore. Sprayking shares gave return of 188% in last 1-year and soared 1349% in last 2-years.

As per the exchange filing of Sprayking Agro dated April 1, 2024, "We wish to inform you that pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Board of Directors of the Company passed the Resolution at the Board Meeting held today, 1st April, 2024, and fixed the 'Record Date' on 'Friday, April 12, 2024 for the purpose of sub-division /split of each equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into five (5) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up."

2. Grauer & Weil Bonus Issue: Small cap company from the diversified sector, Grauer & Weil (India) Ltd share price on BSE is Rs 197.90 per share with intraday gain of 3.61%. The 52-week high price of Grauer & Weil shares on BSE is Rs 204.80 per share and 52-week low price is Rs 100.00 per share, respectively. The company's market capitalisation is Rs 4486.51 crore. The commodity chemicals company offered multibagger returns to shareholders. Grauer & Weil shares zoomed 93% in last 1-year and gave return of 232% in last 2-years. In last 3-years, Grauer & Weil share gave return of 402%.

The company fixed April 10, 2024 as the record date for 1:1 bonus share.

3. Promax Power Bonus Issue: Small cap company from the civil construction industry, Promax Power shares soared 117% in last 3-months. In last 1-year, Promax Power share zoomed 206% and rallied 496% in last 2-years. The company on Feb 20 recommended bonus share in the ratio of 1:1 implying shareholder will be eligible to receive 1 bonus share for every 1 share held as on the record date. The company has a market capitalisation of Rs 172.31 crore.

Promax Power fixed April 9, 2024 as the record date for 1:1 bonus share.

4. Naapbook Bonus Issue: Last trading price of Naapbooks share on BSE is Rs 231.00 per share. The 52-week high price of Naapbooks shares on BSE is Rs 272.00 per share and 52-week low price is Rs 67.43 per share, respectively. The company's market cap stands at Rs 69.60 crore. The company today fixed April 19, 2024 as the record date for 2:1 bonus shares. Naapbooks shares zoomed 108% in last 3-months and surged 243% in last 1-year.

As per the BSE filing of the Company, "fixed Friday, April 19, 2024 as the Record Date, for the purpose of ascertaining the eligibility of shareholders entitled for 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."

Disclaimer:

The stocks highlight the bonus share, stock split and are not recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stocks mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.