4:1, 5:1 Bonus Shares: 2 Metals & Mining Stocks To Pay Perks, Ex-Bonus On Feb 1-2; How To Be Eligible?

Two small-caps have turned multi-bagger in a span of six months with more than 100% surge on BSE. These two stocks after robust returns to investors are going to turn ex-bonus in the trading week from January 29 to February 2nd. They are offering huge bonuses in the ratio of 4:1 and 5:1. These companies are Salasar Techno Engineering Sandur Manganese and Iron Ores. Both are from diverse segments like industrial and coal producers.

If you want to be eligible for these two companies bonus shares then you must hold their share prices in their demat accounts by the record date. In general terms, record dates are fixed on dividends, bonus issues, and stock splits to identify the names of eligible shareholders.

Bonus shares are issued in a certain proportion only to the existing shareholders free of cost. Under this corporate action, new shares are issued at the existing Face Value of equity shares of the company. Hence, the face value remains the same post-bonus issue.

Here are the details of bonus shares and their stock performances:

Salasar Techno Engineering Bonus Issue:

Customized steel fabrication & infrastructure solutions provider, Salasar Techno Engineering is the first one to turn ex-bonus on February 1, 2024, for its bonus issue of 4:1.

This means that Salasar will allot four bonus shares on every 1 existing share to its eligible shareholders who will be identified on February 1 as well.

The company will also announce its Q3 results.

On BSE, Salasar Techno Engineering shares ended at Rs 120.19 apiece, up by 9.32% on January 25. The stock had also touched its new 52-week high of Rs 120.93 apiece on the day. It has a market cap of Rs 3,794.46 crore.

In six months, Salasar jumped by 137.44% on BSE.

Recently, the company announced that it built its presence in the railway and power sector by executing contracts for Transmission Lines, Sub-StaIons & DistribuIon Lines awarded by various prestigious power sector PSUs and Indian Railways amounting to Rs 731.03 crore thus far. With its extensive years of experience, STEL has been successful in bolstering its order book and is in the advance stages of completing additional contracts worth ~Rs 2,516.43 crore, awarded by Indian Railways and various power sector PSUs over the past couple of years.

Furthermore, the company declared successful bidders (L-1) for various additional contracts, accumulating to ~ Rs979.37 crore, focussing on the development of 'DistribuIon Infrastructure for Loss reducIon' under the Government of India's Revamped DistribuIon Sector Scheme (RDSS).

Salasar offers 360-degree solutions by carrying out engineering, designing, fabrication, galvanization and deployment.

Sandur Manganese and Iron Ores Bonus Issue:

With a presence since the pre-Independence era, Sandur Manganese & Iron Ore is one of the oldest manganese ores miner in the country. The company's listed shares will turn ex-bonus on February 2 for its bonus issue in the ratio of 5:1. Currently, Sandur's share price is over Rs 3,200 levels.

Sandur fixed February 2 as the record date for the purpose of determining the shareholders and their entitlement to issue and allotment of Bonus Equity Shares in the ratio of 5:1. The ratio means Sandur will issue 5 (Five) new fully paid-up Equity Shares of Rs 10/- each for every 1 (One) existing fully paid-up Equity Share of Rs10/- each held by them.

As per the regulatory filing, the Bonus Equity Shares shall be allotted to the equity shareholders whose names appear in the Register of Members of the Company and in the beneficial records of the Depositories as of the said date.

Last week, on January 25, Sandur's share price stood at Rs 3,201.30 apiece, up by Rs 102.80 or 3.32% on BSE. It has a market cap of Rs 8,645.37 crore. In six months, Sandur's share gained by a whopping 162% on BSE.

SANDUR is the 3rd largest Manganese Ores miner in India and has been one of the most respected private-sector merchant miners for nearly 70 years. SANDUR has been receiving Five Star Rating Awards from the inception of this award by the Ministry of Mines, Government of India in 2014-15 and thereafter for all the years.