6 Bonus Shares On 1 Existing Share: 3 Major Stocks To Turn Ex-Bonus In Coming Days: Do You Own Any?

Three stocks to turn ex-bonus in the coming days of March. They are Advani Hotels & Resorts (India), Paisalo Digital, and Lorenzini Apparels. These are multi-baggers belonging in penny and small-caps baskets. The highest bonus issue is of 6:1. Hence, investors are in for a treat ahead! Typically, listed companies announce bonus issues from their free reserves and surplus, and it is also an attempt to increase fresh capital into the stock.

The bonus shares are new shares which are issued by the companies at the existing Face Value of equity shares. They are issued free of cost. Also, face value remains the same post-bonus issue. The benefits of the bonus issue are that the number of outstanding shares rises, liquidity picks up, and implicit value per equity share.

Advani Hotels & Resorts Bonus Issue:

Smallcap company, Advani Hotels & Resorts will be issuing bonus shares in the ratio of 1:1. On BSE, currently, the stock is at Rs 161.55 apiece, down by 0.9% with a market cap of Rs 746.67 crore.

Notably, the stock is closing the gap towards its 52-week high of Rs 175 apiece. In a year, the stock has gained 126.5% on BSE so far. From its 52-week low of Rs 66.75 apiece, the share has zoomed by 142.02%.

The company fixed Wednesday, March 20, 2024, as 'Record Date' to determine the eligibility of Shareholders for the entitlement of issue of Bonus Equity Shares in the ratio of 1:1 i.e. 1 (One) new fully paid-up Equity Shares of ₹ 2/- (Rupees Two only) each for every 1 (One) existing fully paid-up Equity Share of ₹ 2/- (Rupees Two only) each held by them on the Record Date.

It also announced that it received in-principle approval from BSE and NSE for the proposed allotment of 4,62,19,250 Equity Shares having a face value of Rs 2 each.

Advani Hotels & Resorts (India) Limited was originally incorporated as a Public Limited Company on March 13, 1987, in the name of Ramada Hotels (India) Limited. The name of the Company was changed from Ramada Hotels (India) Limited to Advani Hotels & Resorts (India) Limited in 1999. Promoted by S G Advani and H G Advani, the Company is primarily engaged in the Hotel Business through its "Caravela Beach Resort", a Five-Star Deluxe Luxury Resort situated in South Goa.

Paisalo Digital Bonus Issue:

Paisalo announced a bonus issue in the ratio of 1:1. This means that the company will issue one new bonus Equity Share of Re. 1 each for every existing Equity Share of Re. 1 each held by the shareholders of the Company as of the Record Date.

The company fixed Wednesday, March 20, 2024, as the 'Record Date' for ascertaining the eligibility of shareholders entitled to issuance of Bonus Equity Shares of the Company.

Further, on March 13, Paisalo updated that they have proposed allotment of 44,90,21,990 Equity shares of Re.1/- each as bonus share in the ratio of 1 new equity share for every 1 existing equity share held in the Company.

A meeting is scheduled on March 21, to consider and approve the allotment of Bonus Equity Shares in the ratio of 1:1.

Paisalo Digital Limited leverages Artificial Intelligence and Machine Learning to offer intelligent and hassle-free loans through a high-tech: Touch approach.

On BSE, Paisalo's stock price stood at Rs 133.75 apiece, down by 0.7% with a market cap of Rs 6,005.67 crore. In a year, the stock advanced by 141.70%.

Lorenzini Apparels Bonus Shares:

Lorenzini's bonus shares are of the 6:11 ratio. This means that Lorenzini will issue Six Bonus Equity shares for every 11 (Eleven) fully paid-up Equity shares held] to the shareholders as of the record date (including holders of outstanding warrants convertible into Equity shares).

Bonus shares will be issued out of the Securities Premium account/retained earnings/ free reserves or any other permitted reserves/surplus of the Company available as of 30th September 2023. The total number of securities proposed to be issued is 60,967,020 Equity Shares of the face value of Rs.1/- each (post considering the split of shares) which includes the amount of Rs. 56,63,842 specifically reserved for 10,38,371 outstanding Warrants convertible into Equity Shares.

On BSE, Lorenzini's share price stood at Rs 414.20 apiece, up by 4.97% with a market cap of Rs 419.95 crore. In a year, the stock has jumped by 360.33% as of now.

Lorenzini fixed March 28 as the record date to determine eligible shareholders for the bonus issuance. Lorenzini Apparels is engaged in the business of manufacturing, designing and marketing readymade garments offering a diverse range of men's formal, semi-formal & casual wear and women's casual wear.

Disclaimer: The write-up highlights the latest development in stock and its bonus issue, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.