IGL Dividend After 1:1 Bonus Issue: Oil & Gas Stock Up 40% From 1-Yr Low; Buy Ahead of Record Date?

The record date for the final dividend for the fiscal year that ended in FY25 has been announced by Indraprastha Gas Limited (IGL), a joint venture that distributes natural gas in India. IGL is a publicly traded corporation that is a subsidiary of Bharat Petroleum Corporation Limited (BPCL) and GAIL (India) Limited. The Government of NCT of Delhi also owns a 5% stake in the firm.

In 2025, the oil and gas company announced its first-ever 1:1 bonus issue, which entitles shareholders to receive one bonus share for each share they already own. Eligible stockholders received their bonus shares on February 3, 2025, with the record date being January 31, 2025. With a 52-week high of Rs 284.63 on October 1, 2024, and a 52-week low of Rs 153.25 on November 21, 2024, the stock has had a broad trading range during the last year. The stock is trading considerably above its yearly low at the current market price of Rs 213.15, showing a nearly 39% recovery from those levels, although it is still around 25% below its peak.

Indraprastha Gas Final Dividend Record Date

"The Register of members and Share Transfer Books of the Company will remain closed from Tuesday, September 16, 2025 to Friday, September 26, 2025 (both days inclusive) for the purpose of ascertaining the eligibility for payment of dividend. The dividend payable on equity shares, if approved by the members, will be paid to those members whose names appear on the Company's Register of members and as per beneficial owners' position received from NSDL & CDSL as at the close of Monday, September 15, 2025," said Indraprastha Gas in its FY25 annual report.

Indraprastha Gas Final Dividend

"For 2024-25, your Board of Directors has recommended a final dividend of 75% (Rs.1.5/- per share) post bonus issue and declared interim dividend of 275% (Rs. 5.5/- per share) pre-bonus Issue, which was paid during financial year 2024-25," confirmed Indraprastha Gas in its FY25 annual report.

This implies that IGL shareholders who own shares by Monday, September 15, 2025, the record date, will be eligible to receive a dividend payment of Rs 1.5 per share.

IGL Enters 74:26 Joint Venture with RVUNL to Set Up Solar Plant

To build a solar power plant in Rajasthan, Indraprastha Gas Limited (IGL) and Rajasthan Rajya Vidyut Utpadan Nigam Limited (RVUNL) inked a joint venture (JV) agreement on September 1, 2025. IGL will hold a 74% equity stake in the JV, while RVUNL will have a 26% stake. The JV company's initial paid-up capital will be Rs 5,00,000, which will be divided into 50,000 equity shares, each worth Rs 10. There will be two RVUNL-nominated members and four IGL-nominated members on the JV's Board of Directors. Although IGL does not see this acquisition as a related-party transaction, on July 29, 2025, IGL promoter Gail (India) Limited signed a separate JV agreement with RVUNL.

Indraprastha Gas Target Price

"Indraprastha Gas is holding firm above its key support near ₹212, showing signs of stabilization after recent declines. Immediate resistance is placed at ₹225, and a breakout above this could fuel an upmove toward ₹232-235. Momentum indicators are gradually turning positive, while volumes suggest accumulation, keeping the short-term outlook constructive with a favorable risk-reward setup," commented Riyank Arora, technical analyst at Mehta Equities Ltd.

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