After rallying over 200% YTD, multibagger stock sets record date for 2:3 bonus shares

“Pursuant to Regulation 42(2) and (3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, you are hereby informed that the Company has fixed April 25, 2023 as the Record Date. 2 :Entitlement of the shareholders for issue of Bonus Shares in the ratio of 3* i.e. 2 (two) new fully paid-up Equity Shares for every 3 (three) existing fully paid-up Equity Shares, subject to the approval of the shareholders on 21st subject to be held through Postal Ballot in April, 2023 (*Equity Shares will be ignored as Fractional Shares and no allotment will be made for Fractional Equity Shares),” said the Board of Directors of Sprecking Agro Equipments in a stock exchange filing today .

The company said that its pre-bonus issue paid-up capital is Rs. 6,34,07,690/- consisting of 63,40,769 Equity Shares of Rs. 10 each and the post-bonus issue paid-up capital will be up to Rs. 10,56,79,483 comprising of existing 63,40,769 equity shares and bonus shares up to 42,27,179 equity shares of Rs. 10 each and the estimated date by which such bonus shares will be credited/delivered is May 04, 2023.

The last traded price of Sprecking Agro Equipment was recorded on Apr 10, 2023 131.95 each level. The stock has experienced multibagger returns of 896% in last three years and 486.44% in last five years. The stock has given multibagger returns of 497.06% over the last year, and in 2023 so far, it has given multibagger returns of 215.67% on YTD basis. The stock touched a 52-week high at 131.95 (06/04/2023) and at 52-week low on 20.10 (18/07/2022). During Q4FY23, the company registered a promoter shareholding of 36.41% and public shareholding of 63.59%.