Bajaj Finserv
Bajaj Finserv will be ex-bonus on September 13, before its record date of September 14.
NBFC Major has announced a bonus issue of 796,404,635 equity shares each with a full payout face value of Re 1.
The ratio of bonus shares is 1:1, which means that the company will issue one bonus equity share for every existing fully paid-up equity share.
Company’s free reserves are required to apply the bonus issue as a whole 79.64 crores.
As on March 31, 2022, the company’s free reserves balance was approx. 4,185.56 crore.
In its regulatory filing, Bajaj Finserv had stated that “14,417 equity shares of face value 5 Rights Rights have been kept in abeyance. If any claim is received and processed by the Company before and after the issue, the paid-up and subscribed capital shall be converted to that effect.”
Arguing the bonus issue, Bajaj Finserv said on July 28, “The company and its subsidiaries have grown significantly in terms of business and performance over the years. This is reflected in the company’s share price, which is a reached a peak of Rs 19,325 in October 2021. Since then the price has been hovering around 12,200. Presently, retail/individual shareholders comprise 98% of the total number of shareholders holding approximately 17.52% of the paid-up value of the shares. among his peers. The company’s share price is one of the highest as well as having one of the smallest capital bases. As the stock price rises further, it will be difficult for small potential shareholders to participate in the company’s future.”
Last week, Friday closed on Bajaj Finserv shares Fall of up to 17,202.65 each 178.80 or 1.03%. The market cap of the company is approx. 2,74,006.47 crore.
Bajaj Finserv has grown by 180.5% on Dalal Street in 2 years. shares were close 6,132 each as on September 10, 2020.
Bajaj Finserv is the holding company of the Bajaj Group’s financial services businesses. The company serves millions of clients in the financial services sector by providing solutions for asset acquisition through financing, asset protection through general insurance, family security, and income security in the form of life and health insurance, and retirement and savings solutions. provides.
AAA Technologies
AAA Technologies is a leading independent audit and consulting company in the fields of IS Audit, Information Security, IT Assurance & Compliance, and IT Governance and has been providing these services since the year 2000.
Shares of AAA Tech will turn ex-bonus on September 13, ahead of its record date of September 14.
The bonus shares of the company are in the ratio 1:2. That said, the company will issue 1 bonus equity share on 2 fully paid-up existing bonus shares.
On NSE, shares of AAA closed on 135 each fell 1.46% on Friday.
AAA Tech started on NSE in October 2020. The shares have risen about 214% since then.
Bharat Electronics
Government-owned Bharat Electronics (BEL) will switch to an ex-bonus on September 15, ahead of its record date of September 16.
The company declared a bonus issue of equity shares in the ratio of 2:1. Simply put, an investor will receive two bonus equity shares for every equity share held in the company.
BEL shares closed on BSE 328.15 each flat on Friday compared to the previous day’s price level. The market cap of the company is approx. 79,956.80 crores.
Shares of Bharat Electronics have gained about 223% in two years. shares were down 102 on 10 September 2020.
Led by the government, Bharat Electronics primarily manufactures advanced electronic products for ground and aerospace applications. The company has been accorded Navratna status by the Government of India.
GKP Printing & Packaging
GKP Printing & Packaging is presently doing business in Liquor, Garment Exports, Retail, Steel Ware, Pharmaceuticals, Playing Cards, Prints, Record Management, Engineering, Confectionery and FMCG Sectors.
The company’s shares will become ex-bonus on September 16, before the record date on September 19.
The company will issue bonus equity shares in the ratio of 1:2. This means, that the company will issue a bonus share whose face value is 10 each on two existing equity shares of face value 10 each fully paid.
Shares of the company closed on BSE 90.40 each, down 4.99%. The market cap of the company is approx. 132.58 crores.
GKP shares have risen over 624% in two years. shares were down 12.5 10 September 2020.
bonus share
Usually, a listed company distributes bonus shares on its equity shares to the existing shareholders free of cost. Shareholders will not have to pay any money for these shares issued as bonus. Usually, bonus shares are issued by the company on account of free reserves and surplus. Also, the move brings in additional new capital.
Among the many benefits, bonus shares increase the number of outstanding equity shares. The action increases liquidity in equity shares in stock exchanges. They also form an implied value per equity share of the listed company. In addition, bonus shares reduce the per share ratio such as EPS, book value per share, etc. At the same time, they reduce the share price in proportion to the number of bonus shares issued, further reducing the company’s free reserves and surplus.
Two dates are important for a bonus issue, namely the ‘record date’ and the ‘ex-date’.
The record date is generally the cut-off date set by the company to determine the shares eligible for the benefit of bonus shares. On this date, the shareholders who hold the shares of the listed company in their demat account would normally be eligible for bonus issue by that company.
Meanwhile, the X-Bonus is the date before the record date. Generally, an investor must purchase a day or two before the ex-bonus date to be eligible for bonus shares. This is because there are settlement options in buying and selling shares, bonds, exchange-traded funds, mutual funds and others. These settlement options are T+1 and T+2.
So, for example, if you bought shares on Monday, this becomes your ‘trading date’. Under the T+1 option, the shares purchased by you will be credited to your demat account on Tuesday. Meanwhile, under T+2 option, the shares purchased by you will be credited to your demat account after two days i.e. on Wednesday. The case is similar to selling shares, but the credit will be credited to the bank account linked to your demat account.
‘T’ stands for trading day or ‘transaction date’, which means the day on which market related instruments were bought or sold.
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