1:1 Bonus Issue, Ex-Date September 9; Below Rs 2, Penny Stock To Allot Free Shares Soon; Calculate Gains

Trading and distributors company, Franklin Industries has turned ex-bonus on September 9. Accordingly, its stock price has been adjusted. The company will soon allot bonus issue in the ratio of 1:1. While it is now trading below Rs 2.

The 1:1 bonus issue ratio means that (One) Bonus Equity Shares of the face value of Re. 1/- each fully paid up for every 1 (One) existing Equity Shares of Face Value of Re. 1/- each fully paid up.

Eligible shareholders will be those who are holding Franklin shares by end of record date, which is September 9.

Adjusted to bonus issue price, now, Franklin's share price stood at Rs 1.92 apiece, up by 1.6% on BSE with market cap of Rs 55.53 crore. The stock's 52-week high and low is at Rs 4.13 apiece and Rs 0.97 apiece respectively.

Franklin Industries Limited is one of the leading provider of contract farming services, dedicated to fostering sustainable agricultural practices while ensuring profitability for both farmers and the company.