1:4, 1:3, And 1:1 Bonus Issues, Record Date From September 19-20: 6 Stocks To Trade Ex-Bonus This Week

A total of six stocks are scheduled to trade ex-bonus this week, including penny, smallcap and mid-caps. The bonus issue rewards will be 1:1, 1:4, and 1:3 respectively. Five out of six of these stocks are set to turn ex-bonus on September 20, while one of them will be ex-bonus on September 19. The stock price ranges from Rs 20 to over Rs 3,500.

Just like dividends or stock splits, bonus shares are one of the many corporate actions that listed companies announce on several occasions. Bonus shares are like incentives that are free of cost to investors. Under this corporate action, new shares are issued at the existing face value of the company's equity shares. Hence, the face value remains the same post-bonus issue.

1. Saksoft: (1:4 Bonus Issue)

This small-cap IT stock ended at Rs 372.70 apiece, up by 3.3% on BSE with a market cap of Rs 3,727 crore. The stock is near its 52-week high of Rs 399.40 apiece, while its 52-week low is at Rs 210 apiece. YTD, the stock rallied nearly 17%.

Saksoft is the first to turn ex-bonus this week, on September 19, 2024, for the ratio of 1:4. This is also the record date to determine eligible shareholders for the bonus issue.

A 1:4 bonus issue ratio means that the company will allot in the proportion of 1 (One) new fully paid-up equity share of Re. 1/- each for every 4 (Four) fully paid-up existing equity shares of Re. 1/- each held.

Saksoft provides technology services to companies in the industry verticals of Fintech, Logistics & Transportation, Healthtech and Utilities.

2. Axita Cotton: (1:3 Bonus Issue)

Axita is a textile products maker and currently trading as a penny stock. The stock stood at Rs 21.77 apiece on September 16, with a market cap of Rs 567.93 crore. The stock's 52-week high and low is at Rs 35.39 apiece and Rs 19.39 apiece respectively. YTD, the stock however has dipped by nearly 19% on BSE.

Axita is turning ex-bonus on September 20, 2024, for a ratio of 1:3. Simply put, the company will allot 1 new equity share as a bonus on the existing 3 equity shares. The same is the record date as well.

The company was formed to start a business of production and trading of Seed cotton ("Kapas"), Cotton Seed, Cotton Seed Oil, Cotton cake etc and for which land admeasuring area of 5708 Square Meters was acquired at Chattral, Kadi Road, Mehsana.

3. Mindteck (India): (1:4 Bonus Issue)

Trading as smallcap IT stock, Mindteck touched 5% upper circuit to Rs 423.35 apiece on BSE with a market cap of Rs 1,078.63 crore on Monday. The stock's 52-week high and low is at Rs 460.25 apiece and Rs 131.05 apiece respectively. YTD, the stock is up by 77.48% on BSE.

Mindteck's bonus issue is of 1:4 ratio, where it will allow 1 (One) new fully paid-up equity share of Rs. 10/- each for every 4 (Four) existing fully paid-up equity shares of Rs. 10/- each held by them as on September 20, 2024 (Record date). Both BSE and NSE have recently approved the issuance of bonus shares.

Mindteck is a global engineering and technology solutions company devoted to delivering knowledge that matters to help clients compete, innovate and propel forward along the digital continuum.

4. The Phoenix Mills: (1:1 Bonus Issue)

This midcap real estate stock ended at Rs 3532.95 apiece, up by 5.8% on BSE after market hours of September 16, with market cap of Rs 63,149.32 crore. The stock's 52-week high and low is at Rs 4,136.30 apiece and Rs 1,725.00 apiece respectively.

Phoenix Mills fixed Saturday, September 21, 2024, as the 'Record Date' to ascertain the eligibility of Shareholders entitled to the issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) new fully paid up Equity Share having face value of Rs. 2/each for every 1 (one) existing fully paid up Equity Share having face value of Rs. 2/- each.

Since September 21 is a weekend holiday, hence, Phoenix Mills' share price will trade ex-bonus on September 20.

Phoenix Mills is India's largest retail-led mixed-use developer. Phoenix Mills Ltd has carved a niche for itself in the Indian real estate sector, be it mega retail malls, entertainment complexes, commercial spaces or hospitality units.

5. RITES: (1:1 Bonus Issue)

This Navratna PSU player also witnessed significant growth at the start of this week's trading session. The stock price ended at Rs 711.25 apiece on BSE, up by 2.3% with a market cap of Rs 17,091.47 crore. The stock is a little over Rs 100 away from hitting a 52-week high of Rs 826.15 apiece, while its 52-week low is at Rs 432.65 apiece. YTD, the stock zoomed by 42% on BSE.

The company has also fixed September 20 as the record date to determine eligible shareholders for its bonus issue ratio of 1:1. This will be RITES' second bonus share since 2019.

The ratio of 1:1 means that RITES will issue 1 free equity share on existing 1 equity.

RITES Limited is a Navratna Public Sector Enterprise and a leading player in the transport consultancy and engineering sector in India, having diversified services and geographical reach. The company has experience spanning 50 years and has undertaken projects in over 55 countries in Asia, Africa, Latin America, South America, and the Middle East region.

6. Ujaas Energy: (1:4 Bonus Issue)

This small-cap energy stock ended at a new 52-week high of Rs 559.25 apiece on BSE during Monday's session. This is also its 5% upper circuit. The company's market cap is around Rs 5,888.97 crore. YTD, the stock skyrocketed by a whopping 1,960.61% on BSE.

The company is going to reward investors with a bonus issue of 1:4. Meaning, the company will issue 1 free share on the existing four equity shares. As per the regulatory filing, the board has considered and approved the allotment of bonus shares and has also approved Friday 20th September 2024 as the record date for allotment of bonus shares.

Ujaas Energy Limited is the first company to generate & sell Solar REC in the country from its solar power plant of 2 MW commissioned in March 2012 at Rajgarh (Madhya Pradesh). The company during its initial years was involved in the manufacturing of transformers and panel meters for energy control.