Yearend 2022: Top 7 Bonus Issues That Caught Investors' Attention

Companies often issues bonus share to their investors. During the year many companies issued bonus shares, but bonus announcement of a few companies stood out and caught investors' attention. The companies are Alttone Textile Ltd, Gretex Corporate Services Ltd, Nirmitee Robotics India Ltd, Vikram Thermo India Ltd, Bodhi Tree Multimedia Ltd, EKI Energy, and Punit Commercials Ltd.

What is bonus issue and how it can benefit you?
A bonus share is defined as an additional share given to the existing shareholder by the company at no extra cost. It occurs when a company cannot pay cash dividends to the shareholders despite registering profitable turnover as a result of likely shortage of liquidity. In such situation, the company issues additional shares in the form of bonus shares.

There is a huge benefit of bonus share. When the company earns good profits, its stock price rises and consequently, the bonus share gives good profits to its shareholders. Also, when dividend is declared, shareholders can get extra return on bonus shares.

1. Alstone Textiles Ltd

The company declared 9:1 bonus issue earlier this year and the board of directors of the company has fixed December 24, 2022 as the record date for bonus issue. It implies that shareholders will get 9 bonus shares for every 1 share held.

The small cap stock operating in Miscellaneous sector has given 372% returns only in last 3-months. The current market price of the stock is Rs 1.85 apiece with an intraday gain of 2.78%. The company has a market capitalisation of Rs 235 crore. The stock hit upper circuit at Rs 1.85 apiece today.

Alstone Textiles (India) Limited came into existence as a public limited company on May 25, 1985. It is engaged in the business of trading in fabric and investment.

2. Gretex Corporate Services Ltd

The company recommended 8:1 bonus share in 2022 which means that it will issue 8 bonus shares for every 1 share held. The last trading price of the small cap company is Rs 92 apiece with an intraday decline of over 9%.

It has a market capitalisation of Rs 94 crore. The stock has given 79% return in last 3-months and 350% return in last 1-year.

Gretex Corporate Services Limited offers investment banking and corporate advisory services. It provides financial and capital market services including valuation, venture capital, corporate restructuring, and secretarial support.

3. Nirmitee Robotics India Ltd

The company announced bonus issue on March 12, 2022 in the ratio of 5:1 ratio implying 5 bonus shares for every 1 share held. The last trading price of the stock is Rs 82 apiece.

It has a market capitalisation of Rs 29 crore. The stock has given 160% return in last 5-years.

Nirmitee Robotics India Pvt. Ltd is a leading HVAC Air Duct Cleaning Service provider. With offices in Hong Kong, Dubai & India, we serve clients worldwide.

4. Vikram Thermo India Ltd

The company declared earlier this year 4:1 bonus issue implying 4 bonus shares for every 1 share held. The ex-bonus date was May 12, 2022. The last trading price of the stock is Rs 58 apiece.

The small cap company has a market capitalisation of Rs 183 crore. The stock has given 26% return in last 3-months, 72% in last 1-year, and 203% in last 3-years.

The company is engaged in the manufacturing, marketing and export of pharmaceutical excipients and chemicals since 1985.

5. Bodhi Tree Multimedia Ltd

The small cap stock announced bonus in the ratio of 4:1 and the ex-bonus date was September 23, 2022.

It has a market capitalisation of Rs 127 crore. The last trading price of the stock is Rs 101 apiece with an intraday gain of 4.96%. It has given 75% return in last 1-month, 90% in last 3-months, and 245% in last 1-year.

Bodhi Tree Multimedia Limited operates as a media company. The Company offers content production solutions for television, films, and digital platforms.

6. EKI Energy Services Ltd

The company announced bonus issue in the ration of 3:1. Shareholders received 3 bonus shares for every 1 share held.

The ex-bonus date was 4 July, 2022. The last trading price of the stock is Rs 1394 with an intraday dip of 0.80%. It has a market capitalisation of Rs 3835 crore. The stock has given 3694% return in last 5-years and declined a little over 3% in last 1-year.

EKI Energy Services Limited provides climate change, carbon credit, and sustainability solutions. The Company offers carbon credit, asset management, carbon footprint management, sustainability audits, and training for quality control and management. EKI Energy Services serves customers worldwide.

7. Punit Commercials Ltd

It announced bonus issue in 5:1 ratio and the ex-bonus date was November 9, 2022. The last trading price of the stock is Rs 10.85 apiece with a market capitalisation of Rs 1.56 crore.

The stock hit upper circuit at Rs 10.85 apiece and traded its new 52-week high as well. The stock has given 215% return in last 5-years and 255% return in last 1-year. In last 3-months, the stock has jumped 105%.

Punit Commercials Ltd is engaged in the buying and selling of rough and polished diamonds.