Vaishali Pharma, an NSE-listed healthcare company with penny stock status, has turned to ex-date for its double rewards on Tuesday, October 15. The is delivering 1:5 stock split and 1:1 bonus shares to its eligible investors. On ex-date, the stock froze at its 20% upper circuit levels, meaning, there were several buyers but no sellers during the session. Vaishali Pharma has surged nearly 28% in 5 sessions.
Vaishali Pharma Share Price:
On the ex-date, the stock price locked at its 20% upper circuit to Rs 24.91 apiece on NSE, which is also its new 52-week high adjusted to the corporate actions.
The stock is also up by 99.4% from its 52-week low of Rs 12.49 apiece. The company's market cap is at Rs 160.21 crore.
The adjusted PE ratio is at 1,604.71x.
Before the stock split and bonus issue, the stock price was at Rs 206.10 apiece on October 14.
Vaishali Pharma turned ex-date for both the stock split and bonus issue on October 15, 2024.
Vaishali Pharma Stock Split:
The company splits its Equity Shares having nominal/face value of INR 10 each (Rupees Ten only), into 5 (Five) equity shares of INR 2 each (Rupee Two only) of the Shareholders holding shares as of the Record Date.
So only those investors will be eligible who are holding Vaishali Pharma stock by the end of the record date in their demat accounts, which is, October 15.
Vaishali Pharma Bonus Issue:
Alongside stock split, Vaishali Pharma is also allotting Bonus Shares in the ratio of 1:1 i.e., 1 (One) new fully paid-up Equity Share of ₹ 2/- (Rupees Two Only) each for every 1 (One) existing fully paid-up Equity Share of ₹ 2/- (Rupees Two Only) each held by the eligible Shareholders of the Company as on the Record Date.
Investors who are eligible for stock split will eventually receive bonus shares reward too.
Calculate Gains:
For example: if you held 500 shares of Vaishali Pharma as of October 15, then your number of shares could multiply in the following manner:
Stock Split: 500 shares will be split into 2,500 shares at the 1:5 ratio (500 X 5).
Bonus Issue: Further, 2,500 shares will receive 2,500 bonus shares at the ratio of 1:1 (2,500 x 1)
The total number of shares in your portfolio will become 5,000. However, the share price level will be reduced, but the capital reserves remain the same.
About Vaishali Pharma:
Vaishali Pharma is a known Healthcare Organisation, having three more segments, flourishing in India & internationally. Adapting quickly to the ever-evolving demands, the company has emerged as one of the fastest-growing organizations in the pharmaceutical industry across the globe.
The company's synergistic collaboration with at least WHO-GMP and higher accreditations like EU-GMP, and USFDA-approved manufacturing facilities is backed by an excellent rapport with its clients.
Vaishali Pharma has a strong commitment to providing quality products boasted by in-depth industry knowledge, a well-qualified team of professionals, as well as hi-tech and advanced infrastructure. Resultantly, creating mutually beneficial associations for all the parties involved.
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