1:8 Bonus Issue, 1:5 Split: Penny Stock Allots 2.48 Cr Bonus Shares, When Bonus Shares Will Be Credited?

Microcap firm Sellwin Traders Ltd shares witnessed decline of 4.92% in trade today on the Bombay Stock Exchange (BSE) as BSE Sensex plunged 1313 points at 12:54 pm on November 4, 2024. Current market price of Sellwin Traders shares on BSE is Rs 5.60 per share. The small cap company in September 2024 recommended 1:8 bonus share and 1:5 stock split and fixed November 1, 2024 as the record date. Sellwin Traders shares opened at 5.89 per share, hit day's high of Rs 5.89 apiece, and day's low of Rs 5.60 apiece in trade on Monday. The company has a market capitalisation of Rs 125.31 crore. The company is engaged in diversified commercial services. Sellwin Traders shares gave returns of 146% in 2024. Check key details below:

Sellwin Traders Gives Allotment Update:

As per the BSE filing of Sellwin Traders dated November 11, 2024, "The Board of Directors of the company in its meeting held today allotted 2,48,62,500/- (Two crore Forty Eight Lakhs Sixty Two Thousand Five Hundred) Bonus Equity Shares of Rs.02/- each to those eligible shareholders of the Company whose names appeared in the Register of Shareholders of the Company/List of Beneficial owners maintained by the Company as on the Record Date i.e. 01.11.2024."

When Bonus Shares Will Be Credited?

The company informed via the BSE filing, "estimated date by which such bonus shares would be credited/dispatched: Within 2 months from the date of Board's approval i.e. by November 24, 2024."

Sellwin Traders Shares Performance:

The 52-week high price of Sellwin Traders shares on BSE is Rs 5.89 per share and 52-week low price is Rs 1.87 per share. Sellwin Traders shares offered return of 18% in last 1-week, gained 146% so far in 2024, and jumped 134% in last 1-year.

About Sellwin Traders:

The company Sellwin Traders Limited (STL) was incorporated on 29th September, 1980 under the Companies Act, 1956 in the State of West Bengal with main object to carry on the business as traders, exporters, agents, representatives, dealers, producers, stockiests, importers or distributers of industrial, commercial, agricultural, scientific, household, domestic, farm and forest products, goods, plants, machineries, equipments, apparatus, etc, according to its official website.

Disclaimer:

The stock highlights the bonus share 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.