1:1 Bonus Share: Apparels Stock Zooms 10% Intraday, Shares Rally 2233% In 3-Yrs

Small cap company operating in apparels sector Integra Essentia Ltd shares zoom 10% in trade today after the board of directors on November 27, 2023 approved bonus issue of equity shares in the ratio of 1:1. The company has yet to fix the record date for the same. Last trading price of Integra Essentia share BSE is Rs 7.70 per share. Integra Essentia shares offered return of 511% in last 2-years and declined 10.88% in last 1-year. Check details below:

Integra Essentia Approves Bonus Share: According to the BSE filing of the company generated on November 27, 2023, "we wish to inform you that the Board of Directors of the Company in their meeting held today i.e. Monday, November 27, 2023 at the Registered Office of the Company, inter-alia considered and approved:

1. Bonus Issue: Issuance of Bonus issue of equity shares in the ratio of 1:1 i.e. 01 (One) equity share of Rs. 1/- each for every 1 (One) equity shares of Rs. 1/- each held by the eligible shareholders of the Company as on record date, subject to shareholders and other statutory approvals. Record Date to determine the eligible shareholders shall be decided and will be intimated to exchange separately;

2. Fund Raising: to accelerate the growth further, issuance and allotment of securities to raise funds for an aggregate amount of up to Rs. 100 Crore (Rupees One Hundred Crore), by way of a Preferential Allotment, QIP's, ADR, GDR, FCCB or any other method or combination thereof including series of Right Issue(s), each tranche not exceeding Rs. 50 Crore (Rs. Fifty Crores Only), on such terms (to be decided by the Board or a duly constituted committee of the Board at a later date) as are in accordance with applicable law, including Companies Act, 2013 and the rules made thereunder and the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, and other applicable regulations, guidelines etc. as amended up to date."

Integra Essentia Stock Performance & Return: The stock's 52-week high price is Rs 9.35 per share and 52-week low price is Rs 5.10 per share, respectively. Its market capitalisation is Rs 351.92 crore. Integra Essentia shares gained 45% in last 3-months, fell 10% in last 1-year, gave return of 511% in last 2-years, jumped 2233% in last 3-years, and offered return of 827% in last 5-years.

Integra Essentia Financial Results: The company reported its revenue from operations grew by 17.11% from Rs. 5712.55 Lakhs in Q2FY23 to Rs. 6689.71 Lakhs in Q2FY24. The company informed BSE that its PAT soared 248.71% from Rs. 215.88 Lakhs in Q2FY23 to Rs. 752.79 Lakhs in Q2FY24. Its PAT margins increased from 3.63% in Q2FY23 to 10.07% in Q2FY24 by 644 bps. Its EBITDA increased 420.98% from Rs.211.11 Lakhs in Q2FY23 to Rs. 1099.84 Lakhs in Q2FY24

About: IEL is a company engaged in business of Life Essentials i.e. Food (Agro Products), Clothing (Textiles and Garments), Infrastructure (Materials and Services for Construction and Infrastructure Development) and Energy (Materials, Products and Services for the Renewable Energy Equipment and Projects) and many more Products and Services required to sustain the modern life.

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