Introduction:

There are two ways through which listed companies reward their shareholders – dividends and bonus shares. Dividends are given as cash rewards, while bonus shares are awarded to present shareholders based on their current shareholdings without any extra cost. For example, if a company announces bonus shares in the ratio of 1:2, a shareholder having 100 shares will receive 50 bonus shares in their Demat account.

Typically, the objective of issuing bonus shares is to capitalise on the company’s reserves or profits. By converting accumulated reserves or retained earnings into additional shares, the company increases its share capital without affecting its overall financial health or cash reserves. Instead of receiving cash dividends, shareholders receive additional shares.

As an investor, you must remain aware of the upcoming bonus shares and formulate your investment strategies accordingly. This article delves into the top upcoming bonus shares in July 2024 in India to help you make informed investment decisions. Keep reading.

Upcoming bonus shares in July 2024

As of 29 June 2024, five companies have announced the issuance of bonus shares for their shareholders next month. Below is the list if upcoming bonus shares in July 2024:

1. Oil India Limited

Oil India Limited is an India-based oil and natural gas manufacturing company. The company’s product portfolio comprises crude oil, natural gas, and liquid petroleum gas (LPG). The company was incorporated in 1959 with its headquarters in Assam.

On 25 June 2024, the company’s board announced the issuance of bonus shares for its shareholders in the ratio of 1:2. The record date for this corporate activity has been fixed as 2 July 2024. As of 28 June 2024, Oil India shares were trading for Rs. 723.05 per share at the National Stock Exchange (NSE) and Rs. 722.75 per share at the Bombay Stock Exchange (BSE).

2. GPT Infraprojects Limited

GPT Infraprojects Limited engages in the manufacturing of items made from concrete, cement, or artificial stone, including tiles, bricks, and similar products. The company became a public limited company in 1980 and it has its registered office in West Bengal, India.

On 21 June 2024, the company’s board announced the issuance of bonus shares for its shareholders in the ratio of 1:1. The record date for the same is 3 July 2024. It means that the company’s shareholders will be rewarded one bonus share for every share they hold on the record date. As of 28 June 2024, GPT Infraprojects’ shares were trading for Rs. 272.11 per share at the NSE and Rs. 272.55 per share at the BSE.

3. Vertoz Advertising Limited

Vertoz Advertising operates in the advertising and marketing sector. For the fiscal year ending on 31 March 2023, the company reported a total operating revenue of Rs. 54.17 crore and an equity capital of Rs. 11.97 crore. The company was incorporated in 2012 with its registered office in Maharashtra, India.

Recently, on 28 June 2024, the company announced bonus shares for its shareholders in the ratio of 1:1. The record date for the same has been set as 5 July 2024. You can invest in the company’s shares before the record date to receive bonus shares in your Demat account. As of 28 June 2024, Vertox Advertising’s shares were trading for Rs. 716.40 per share at the NSE.

4. Remedium Lifecare Limited

Remedium Lifecare Limited is a pharmaceutical company with two business verticals – products and services. The product business comprises Active Pharma Ingredients (APIs) and intermediates in both domestic and international markets.

On 26 June 2024, the company’s board announced the issuance of bonus shares for its shareholders in the ratio of 3:1. It means that the shareholders will get three bonus shares for every share they hold by the record date, i.e., 6 July 2024. As of 28 June 2024, Remedium Lifecare shares were trading for Rs. 60.13 at the BSE.

5. EIH Associated Hotels Limited

EIH Associated Hotels Limited, a flagship Oberoi Group company, is one of the largest and most eminent Indian hospitality companies. It has recently announced bonus shares for its shareholders in the ratio of 1:1, with the record date as 29 July 2024.

To conclude

Investing in these upcoming bonus shares in July 2024 before the record date offers you a chance to receive additional shares without any extra investment. But do consider your investment goals and risk appetite while making investment decisions.

Financial Calculators: SWP Calculator | EMI Calculator | SIP Calculator | Compound Interest Calculator | CAGR Calculator | Sukanya Samriddhi Yojana Calculator | Retirement Calculator | Mutual Fund Returns Calculator | EPF Calculator

Popular Stocks: ICICI Bank Share Price | HDFC Bank Share Price | CDSL Share Price | UPL Share Price | TCS Share Price | BHEL Share Price | Trident Share Price | IRFC Share Price | Adani Power Share Price​​​​​​​