Home/Blogs/Upcoming Bonus Shares in December 2023

Upcoming Bonus Shares in December 2023

07 Dec 2023

Introduction:

The allocation of bonus shares is a prevalent strategy corporate companies use to acknowledge and reward their current stakeholders. These shares are distributed to their existing shareholders without additional charges, enabling them to augment their ownership stake without making new financial commitments.

As we approach the end of 2023, the Indian share market is buzzing with anticipation as several companies gear up to reward their existing shareholders with bonus shares. Bonus shares, often seen as a gesture of goodwill from companies to their investors, play a crucial role in enhancing shareholders’ values and reinforcing investors’ confidence in the market.

Start Investing with Free Expert Advice!

In this blog post, you will delve into the concept of bonus shares and learn about the upcoming bonus shares in India in December 2023. Keep reading.

What are bonus shares?

Bonus shares are additional shares a company distributes to its existing shareholders at no additional cost. It means that shareholders receive extra shares in proportion to their existing holdings without spending additional money. The issuance of bonus shares is a strategic move by companies to capitalise on accumulated reserves and surplus, thereby enhancing their capital base.

Bonus shares are issued in the form of a ratio, wherein the numerator denotes the proportion of bonus shares shareholders will receive, and the denominator indicates the proportion of their existing shares. For example, if a company announces bonus shares in the ratio of 2:1, it means that its shareholders will get two bonus shares for every equity share they hold.

Upcoming bonus shares in December 2023

Below is the list of companies that have announced bonus shares for their shareholders in December 2023:

  • Alphalogic Industries Limited

Alphalogic Industries Limited is in the business of designing, manufacturing, supplying, and installation of industrial and institutional storage facilities. As of 2 December 2023, the company’s market capitalisation stood at Rs. 181 crores.

On 23 November 2023, the company announced bonus shares in the ratio of 1:1. The record date for the issuance of bonus shares has been set as 1 December 2023.

  • Dhyaani Tiles and Marbles Limited

Dhyaani Tiles and Marbles Limited is in the business of manufacturing and supplying vitrified tiles, ceramic goods, and trading commodities. The company stores and trades its products from a warehouse and physical store in Ahmedabad. The top-selling products include bathroom tiles, wall tiles, kitchen tiles, and mosaics.

On 23 November 2023, the company announced bonus shares in the ratio of 9:5. The record date for the issuance of bonus shares has been set as 7 December 2023.

  • Pooja Entertainment and Films Limited

Pooja Entertainment and Films Limited is well-known in the entertainment and film industry. The company is a subsidiary of the Pooja Group, being promoted by a popular Indian film producer Mr Vashu Bhagnani. The company generates revenue from producing and distributing films, music releases, DVDs and VCDs, television licensing, and media distribution avenues.

The company announced a bonus share in the ratio of 6:1 on 22 November 2023. The record date for the issuance of bonus shares has been set as 9 December 2023.

  • Sonata Software Limited

Sonata Software Limited is involved in Information Technology (IT) and computer services. It was incorporated as a publicly listed company in 1994 with its head office in Maharashtra. As of 31 March 2023, the company’s total operating revenue stood at Rs. 920.86 crores and equity capital at 13.87 crores.

On 1 December 2023, the company’s Board of Directors approved a bonus share in the ratio of 1:1. The record date for the issuance of bonus shares has been set as 12 December 2023.

  • Safari Industries (India) Limited

Safari Industries (India) Limited is involved in the business of manufacturing and marketing plastic travel goods. The top-selling products include suitcases, vanity bags, holdalls, and trolley bags. The company was incorporated in 1980, and its total operating revenue, as of 31 March 2023, stood at Rs. 1,210.62 crores.

On 1 November 2023, the company announced bonus shares in the ratio of 1:1. The record date for the issuance of bonus shares has been set as 12 December 2023.

To conclude

These are the upcoming bonus shares in December 2023. You can invest in these shares to increase your company stakes without any additional investment. But before investing, make sure to analyse factors such as company fundamentals, market conditions, and past performance.

 

Related Articles:  Dividend Paying Stocks in December 2023 | What is IPO Grading? | What is Cut Off Price In IPO Application 

 

Popular Stocks:  HDFC Bank share price | ICICI Bank Share Price | UPL Share Price | Tata Consumer Share Price | Divislab Share Price

Checkout more Blogs

You may also like…

Get Exclusive Updates

Be the first to read our new blogs

Intelligent investment insights delivered to your inbox, for Free, daily!

Open Demat Account
I wish to talk in South Indian language
By proceeding you’re agree to our T&C
Click here to see your activities