2:1 Bonus Issue Record Date: 2 Smallcap Stocks Locked At 5% Upper Circuit As They Turn Ex-Bonus; Find Out More

Two smallcap stocks locked at 5% upper circuits as they turned ex-bonus on Monday for their bonus issue in the ratio of 2:1 each. Upper circuits mean that there were several buyers but no sellers in these two small-caps. Not just that, these stocks have now given 730% to 1,233% returns from their 1-year lows. They are Intellivate Capital Ventures and KP Energy.

While Intellivate touched a new 52-week high as well, KP Energy flirted near its 1-year high.

KP Energy Bonus Issue:

On its ex-bonus date which is February 12th, KP Energy shares froze at 5% upper circuit to Rs 395.15 apiece with a market cap of Rs 2,635.26 crore on BSE. The stock was near its 52-week high of Rs 399.60 apiece.

However, the stock is currently trading at a humungous upside of 729.45% from its 52-week low of Rs 47.64 apiece.

The company turned ex-bonus for its 2:1 bonus issue -- which means that -- KP Energy is allotting 2 bonus shares having a face value of Rs 5 on every 1 existing equity share with a face value of Rs 5.

After the ex-bonus date, the company is scheduled on February 13, 2024, to consider and approve the Standalone and Consolidated unaudited financial results of the Company for the quarter and nine months ended December 31, 2023.

KP Energy Ltd. is a trusted corporate group renowned for its strong management, efficient cost structure, and robust order book with ready project sites. Specializing in high-quality Wind Turbine Generators (WTGs) powered by sophisticated technology, the company excels in providing turnkey solutions for wind farm projects across India.

Intellivate Capital Ventures Bonus Issue:

Meanwhile, Intellivate's share price froze at its new 52-week high of Rs 56.90 apiece with a market cap of Rs 729.33 crore on BSE. This is also its 5% upper circuit.

Riding on the back of bulls, Intellivate shares are now trading at a mind-boggling upside of 1,232.55% from its 1-year low of merely Rs 4.27 apiece.

Intellivate also turned ex-bonus on February 12 for its bonus shares of 2:1. Hence, Intellivate is also going to reward investors with bonus shares in the ratio of 2:1. Intellivate is offering 2 bonus shares on every 1 existing share of fully paid-up Equity Shares having a face value of Re 1 each.

Engaged in the financial services business, Intellivate Capital Ventures is an SME focused on Corporate Finance Advisory boutique. The Company focuses on investing in industries, such as renewable energy, environment, information technology/ information technology-enabled services ( IT / ITes), infrastructure and emerging sectors like education, media and healthcare.

During bonus issuance, the face value of listed stocks does not change, however, the number of shares in an investor's portfolio rises depending upon the ratio of bonus shares. These bonuses are free of cost!

Disclaimer: The stock just highlights the stock's bonus issue 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.