4 Stocks That Will See Stock Split & Bonus Issue In June

4 Stocks are set to witness bonus share and sub-division of shares in the month of June, 2023. These stocks are IndiaMART InterMESH Ltd, Gulshan Polyols Ltd, Varun Beverages, and Ion Exchange. Some of these stocks delivered multibagger returns in just 1-year span. Check details below.

1. Indiamart Intermesh: The company announced bonus share in the ratio of 1:1 and its ex-bonus date is June 21, 2023. Last trading price of IndiaMART InterMESH Ltd stock is Rs 5536.50 per share with intraday fall of 2.00%. IndiaMART InterMESH share gave return of 28% in last 1-year.

According to its BSE filing, "This is to inform you that the Board of Directors of the Company have revised the record date and fixed Wednesday, June 21, 2023 as the revised record date for the purpose of determining the list of equity shareholders of the Company, whose names appear in the Register of Members maintained by the Company's Registrar and Transfer Agents / List of Beneficial Owners, as received from National Securities Depository Limited and Central Depository Services (India) Limited, who will be entitled for issue and allotment of bonus equity shares in proportion of 1 equity share of Rs. 10/- each fully paid-up for every 1 existing equity share of Rs. 10/- each fully paid-up of the Company subject to the approval of the shareholders of the Company."

2. Gulshan Polyols Ltd: It announced bonus share in the proportion of 1:5 and ex-bonus date is June 21, 2023. Gulshan Polyols share delivered 16% return in last 1-year and 732% return in last 3-years.

According to its BSE filing dated June 1, 2023, "The Company has fixed Wednesday, 21st day of June 2023 as the 'Record Date', for the purpose of ascertaining the eligibility of shareholders be entitled for issuance of Bonus Equity Shares of the Company in the proportion of 1 (One) Equity Share of Re. 1/- each for every 5 (Five) existing Equity Shares of Re. 1/- each held as on the Record Date, subject to the approval of Members which is being obtained by way of Postal Ballot dated May 12, 2023 through e-voting."

3. Varun Beverages: Board of directors of leading PepsiCo's India franchise bottler, Varun Beverages Ltd on June 5 fixed June 15, 2023 as the record date for stock split. Last trading price of Varun Beverages share is Rs 1582.35 per share on BSE after a dip of 3.92% intraday. Varun Beverages stock rose 112% in last 1-year.

According to its regulatory filing, "This is to inform you that pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board of Directors fixed Thursday, June 15, 2023 as the 'Record Date' for determining entitlement of Equity Shareholders for the purpose of sub-division / split of existing Equity Shares of the Company from 1(One) Equity Share having face value of Rs. 10/- (Rupees Ten only) each fully paid-up, into 2 (Two) Equity Shares having face value of Rs. 5/- (Rupees Five only) each fully paid-up, as approved by the Equity Shareholders through Postal Ballot on June 2, 2023."

4. Ion Exchange: Last trading price of Ion Exchange stock is Rs 4063.05 with intraday fall of 2.17% on BSE. Ion Exchange share gave return of 114% in last 1-year and 477% in last 3-years.

Ion Exchange announced stock split in the ratio of 1:10 and fixed June 12 as the record date. According to the BSE filing of the company, "Board of Directors of Company, at its Board Meeting held today i.e. 26th May, 2023, have fixed the record date as Monday, 12th June, 2023 for the purpose of sub-division/split of the face value of the equity shares of the Company from existing Rs.10 (Rupees Ten only) per Equity share to Re.1 (Rupee One Only) per Equity share."

Disclaimer: The stocks will witness stock split and bonus issue in June. 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.