Last Bonus Issue of 2023 To Trade Ex-Bonus This Week For 2:1 Ratio

With a market valuation of Rs 375 Cr, Standard Capital Markets Ltd is a small-cap NBFC. Following the announcement of the record date for bonus shares by the company, Standard Capital Markets' shares commenced on Tuesday at the 2% upper circuit limit of Rs 76.50 per share.

The company has declared bonus shares in a 2:1 ratio, and in order to fulfill this announcement, it has set Friday, December 29, 2023, as the record date, which means that this will be the last bonus share offering of 2023.

"We acknowledge receipt of your application regarding in-principle approval for issue and allotment of proposed Bonus equity shares to the shareholders in terms of Regulation 28(1) of the SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015. In this regard, the Exchange is pleased to grant in-principle approval for issue and proposed allotment of not exceeding 98,00,02,000 Bonus equity shares of Re. 1/- each in the ratio of 2 (Two) new equity share for every 1 (One) existing equity shares held in the Company subject to the company fulfilling the following conditions:

Submission of listing application form for the new securities to be allotted and documents as per Format available on the website of BSE Ltd. under following link - http://www.bseindia.com/static/about/downloads.aspx Payment of Additional listing fees on the enhanced capital, if applicable.

Receipt of statutory and other approvals and compliance with guidelines issued by the statutory authorities including SEBI, RBI, MCA etc.

Compliance with any change in the guidelines, regulations directions of the Exchange or any statutory authorities, documentary requirements from time to time.

Compliance with all conditions of SEBI (Listing Obligations and Disclosure Requirements), Regulations, 2015 as on date of listing.

Compliance with the Companies Act, 2013 and other applicable laws.

Allotment of Equity Shares shall only be made in dematerialized form," said Standard Capital Markets in a regulatory filing.

Standard Capital Markets Ltd.'s small-cap shares will trade ex-split and ex-bonus this Friday, December 29. At its meeting on November 24, 2023, the Company's Board of Directors authorised the 2:1 bonus issue and the 1:10 stock split.

The stock price climbed from Rs 1.36 to the current market price of Rs 76.50 during the previous five years, yielding a multibagger return of 5,525.00%.

The stock price went up from Rs 1.31 to the current market price during the previous three years, resulting in a multibagger return of 5,740%.

The stock price soared from Rs 17.15 to the current market price in the past year, yielding a multibagger return of 346.06%. The stock price jumped from Rs 21.85 to the current market price on a year-to-date basis, resulting in a multibagger return of 250.11% so far in 2023.