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Veeram Securities Ltd, a company that sells branded jewelery is soon going to issue bonus shares to its shareholders. The Company has fixed 15 October 2022 as the record date for identification of eligible shareholders for the purpose of Bonus Share. This means the stock will trade as ex-bonus from October 13.
“We wish to inform you that the company has fixed Saturday 15 October 2022 as the record date for identification of eligible equity shareholders for the purpose of bonus shares,” the company said in a notice sent to the stock exchanges. Bonus shares will be issued in the ratio of :2 and the face value of each share will be Rs 10.
Multibagger return of 860% given in 3 years
Due to the news of the bonus share, the shares of Viram Securities have been continuously showing upper circuit for the last few days. On Friday, 7 October, the shares of Viram Securities closed 5 per cent higher at Rs 31.55 on the BSE. The company’s shares have gained about 25 per cent in the last five days. At the same time, since the beginning of the year 2022, it has given a return of about 61.38 percent to its investors.
Shares of Viram Securities have gained about 21.35 per cent in the last one year. At the same time, it has given multibagger returns of more than 860 percent to its investors in the last 3 years. Veeram Securities is a Small Cap company with a market value of Rs 124.56 Cr, a Wholesaler, Retailer and Trader of Branded Jewellery.
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What is Bonus Share?
Generally, a company issues bonus shares to its shareholders as an incentive. It can also be called additional share. The ratio of this bonus share is determined by the board of the company. 3 dates are important under Bonus Shares. These are the record date, ex date and issue date. The record date is the date on which the bonus shares will be issued to whom it is decided. This means that only those who hold shares of the company on the record date are issued bonus shares.
Whereas the X bonus date is called the date which is usually one day before the record date. To be eligible for bonus shares, an investor should be holding the stock of the company at least one or two days before the ex-date.
Disclaimer: The information provided here is being given for informational purposes only. It is important to mention here that investing in the market is subject to market risks. Always consult an expert before investing money as an investor. It is never advised to invest money here on behalf of Moneycontrol.
