Get 6 Bonus Shares For Every 1 Held: Multibagger Small Cap Stock Fixes Record Date

Small cap company, GM Polyplast Ltd is all set to hand over 6 bonus shares for every 1 share held. The company has today fixed the record date for bonus issue i.e. January 4, 2023. The company has a market capitalisation of Rs 203 crore. Check key takeaways below:

1. GM Polyplast Sets Record Date For 6:1 Bonus Issue

The company BSE filing stated, "This is to inform that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) 2015, that the Company has fixed Wednesday, January 04, 2022 as the 'Record Date' for the purpose of ascertaining the eligibility of Shareholders entitled for issuance of fully paid-up Bonus Shares in the ratio of 6:1 (i.e. issue of 6(Six) equity share for every existing 1(One) equity shares held of Rs 10/- as on the above mentioned record date)."

2. GM Polyplast Stock Performance

The last trading price of the stock is Rs 1058 apiece with an intraday decline of 5%. The stock hit lower circuit at 1058 apiece on December 23, 2022. The stock's 52-week high is Rs 1172 apiece and 52-week low is Rs 168 apiece, respectively.

3. GM Polyplast Return

The stock has given multibagger returns in last 3 months at 179%, 392% in last 6 months, and 597% in last 1-year. In last 5-years, the shares rallied 599%.

4. About GM Polyplast

GM Polyplast Limited is one of the leading manufacturers of HIPS, ABS, PET, PP, HDPE Sheets and Premium quality Granules which started its operations back in 2003. The company guarantees that it is up-to-date with the latest technologies in all of its operations. Its primary focus is not only the development of existing products, but also the addition of new designs and colours. It emphasises product Quality & Client satisfaction.

Disclaimer

The stock gives details pertaining to bonus share and record date. Greynium Information Technologies and the Author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.