2: 1 Bonus Issue: GRM Overseas Shares in Focus After Warrant Conversion; Stock Gains Over 114% in One Year

Shares of GRM Overseas Ltd, a small-cap FMCG and agri-food company, have recently drawn investor attention after major corporate actions including warrant conversion and a 2:1 bonus share issue. This has supported positive momentum in the GRM Overseas share price, which has delivered strong returns over the past year.

Warrant Conversion Brings Fresh Capital Inflow
In a regulatory filing, GRM Overseas confirmed that its board approved the allotment of 77,18,000 equity shares with a face value of Rs. 2 each to 21 warrant holders after the full conversion of outstanding warrants.
With this conversion, the company received nearly Rs. 86.83 crore, representing the remaining 75% payment on warrants that were originally issued at Rs. 112.50 per share. The capital infusion is expected to support business expansion, working capital needs, and overall balance-sheet strength.
2:1 Bonus Issue Expands Equity Base
Alongside the warrant conversion, the company implemented a 2:1 bonus share issue, resulting in the allotment of 1,54,36,000 additional equity shares to eligible warrant holders. This bonus issuance had earlier received shareholder approval during an extraordinary general meeting held on December 9, 2025.
As per the exchange filngFollowing these corporate actions, GRM Overseas' paid-up equity share capital increased to about Rs. 41.44 crore, compared with Rs. 36.81 crore earlier, reflecting a broader equity structure and improved shareholder participation.
GRM Overseas Share Price Performance
Despite broader market volatility, GRM Overseas shares ended the latest trading session around Rs. 163 per share, marking a 1.09% daily gain. The stock has shown notable strength in recent months, rising over 33% in the last six months and delivering an impressive 114.61% return over the past year.
This sharp rally places GRM Overseas stock among the notable small-cap FMCG performers, attracting attention from investors tracking multibagger small-cap stocks, bonus share announcements, and corporate action-driven rallies in the Indian equity market.
What Investors Should Watch Next
Going forward, market participants will monitor how effectively the company utilises the fresh capital from warrant conversion, along with revenue growth, margin trends, and expansion in branded food segments. Sustained earnings performance will be crucial in determining whether the recent surge in GRM Overseas share price can continue.