Rs 226 Share To Split Into 5 New Shares: Multibagger Small Cap To Be In Spotlight, Eligible?

Small cap company engaged in the manufacturing of brass components and parts will soon be in spotlight. Sprayking Ltd shares will soon be splitting in the ratio of 1:5. Last trading price of Sprayking Ltd shares on BSE is Rs 226.40 per share with intraday gain of 1.80% at the time of writing the story. Sprayking shares offered return of 10% in last 2-weeks and 181% in last 1-year.

Sprayking Agro Sets Record Date For Stock Split: According to the BSE filing of Sprayking Ltd issued on April 1, 2024, Board of Directors of the Company fixed the 'Record Date' as Friday, April 12, 2024 for the purpose of sub-division /split of each equity share having face value of Rs. 10/- (Rupees Ten only) each, fully paid-up into five (5) equity shares having face value of Rs. 2/- (Rupees Two only) each fully paid-up."

How To Be Eligible For Sprayking Stock Split: Investors holding shares of Sprayking in their Demat account on the record date will become eligible for the stock split. They must hold shares of Sprayking as on April 12 which is the record date for sub-division. The record date is a date when the company figures out the registered shareholders eligible for a stock split.

Sprayking Agro Shares Performance & Return: Sprayking shares 52-week high price is Rs 300.20 per share (as on Feb 8, 2024) and 52-week low price is Rs 79.17 per share (as on April 10, 2023). The company has a market capitalisation of Rs 235.03 crore. Sprayking shares surged over 22% in last 6-months, soared 1331% in last 2-years, and surged 1608% in last 3-years.

Sprayking Ltd Bonus Share In 2023: The company declared bonus share in the ratio of 2:3 in 2023 and ex-bonus date was set as April 28, 2023.

Sprayking Agro Financials: The company for the quarter ended December 2023 declared its net profit at Rs 0.12 crore, down 77.2% as against Rs 0.51 crore declared in the corresponding quarter of last year. It announced its net sales for December 2023 quarter at Rs 2.41 crore, down 54.55% from Rs 5.30 crore announced in December 2022. The company's EBITDA stood at Rs 0.32 crore for December 2023 quarter, down 38.46% as compared to Rs 0.52 crore in December 2022. The company's EPS fell to Rs 0.11 in December 2023 from Rs 0.80 in December 2022.
Sprayking Bulk Deal: The most recent Bulk deal for Sprayking Ltd occurred on February 22, 2024 on BSE. 54,228 shares were traded at an average price of Rs 261.38, according to Trendlyne.

About: Formerly known as Sprayking Agro Equipment Limited, the Company have now rebranded itself as Sprayking Limited. This change reflects our evolving business strategy and broader aspirations as we continue to expand our product offerings and explore new avenues in the market. Established in 2005, Sprayking Limited(Formerly known as Sprayking Agro Equipment Limited) is engaged in the manufacturing of brass components and parts, including fittings, forging equipment, transformer parts, and other customized brass components, according to its official website.

Disclaimer:

The stock highlights the stock split 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.