Upcoming Bonus Shares 2024
Bonus shares as the name suggests are the shares given by a company to its shareholders without any charge. The number of shares always depends on the number of shares owned by the person to whom it has been shared with.The aggregate of issued shares increases, but the ratio of them with each shareholder remains constant.
The bonus when issued is similar to a stock split where the number of shares of the company increases but the market cap remains constant.
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The underlying value of the stock remains the same, as the number of shares increases, price per share goes down. This is done to attract investors with less money, who are not able to invest in the company due to high prices. In this case the number of shares will increase and the rate per unit will decrease, making them affordable. Shares are never split in fraction but equal proportions.
Best Upcoming Bonus Shares of 2024
Following companies have announced bonus shares this year, names, bonus ratio and record dates are given on a month to month basis.
Companies offering bonus shares in January, 2024
| Company's Name | Bonus in the Ratio | Record Date |
|---|---|---|
| SecUR Credentials | 3:1 | 04-01-2023 |
| GM | 6:1 | 04-01-2023 |
| Rama Steel Tube | 4:1 | 06-01-2023 |
| Globe Commercial Ltd. | 1:1 | 07-01-2023 |
| Bombay Metrics | 3:1 | 09-01-2023 |
| Music Broadcast | 01:10 | 13-01-2023 |
| KPIGREEN | 1:1 | 18-01-2023 |
| Goldstar Power | 4:5 | 21-01-2023 |
Companies offering bonus shares in February, 2024
| Company's Name | Bonus in the Ratio | Record Date |
|---|---|---|
| Vinny Overseas | 13:10 | 24-02-2023 |
Companies offering bonus shares in March, 2024
| Company's Name | Bonus in the Ratio | Record Date |
|---|---|---|
| Pulz Electronic | 1:1 | 01-03-2023 |
| Jayant Infra | 2:1 | 01-03-2023 |
| 360 One Wam | 1:1 | 02-03-2023 |
| Captain Pipes | 2:1 | 03-03-2023 |
| ASCOM | 1:2 | 06-03-2023 |
| Rhetan TMT | 11:4 | 10-03-2023 |
| Astral Ltd | 1:3 | 14-03-2023 |
| Magellanic | 3:1 | 22-03-2023 |
| Growington Vent | 25:40:00 | 25-03-2023 |
Companies offering bonus shares in April, 2024
| Company's Name | Bonus in the Ratio | Record Date |
|---|---|---|
| Jet Infraventure | 1:1 | 21-04-2023 |
Featured Partners
1
BlackBull Markets
Multiple Award-Winning Broker
Listed On Deloitte Fast 50 index, 2022 Best Global FX Broker - ForexExpo Dubai October 2022 & more
Best-In-Class for Offering of Investments
Trade 26,000+ assets with no minimum deposit
Customer Support
24/7 dedicated support & easy to sign up
On BlackBull Market's secure website
2
Axis Mutual Fund
Save tax
Various tax saving investment options available
Type of Products:
Ranging from debt funds to index funds to ETFs and more
Range of Products:
Invest in more than 60 types of schemes
On Axis Mutual Fund's website
Frequently Asked Questions (FAQs)
What is a record date?
Record date is the date from when the investors will be able to get the bonus shares offered by the company and only those who already have these shares on that particular date will be able to get those shares. This offer will not be applicable for the people investing after the record date.
Why do companies offer bonus shares?
It is to attract investors and when the share price is high, willing people are not able to invest and as soon as we split the shares price of a unit comes down, making it desirable.
Are there any extra taxes after a person gets bonus shares?
There are no extra taxes on getting bonus shares from a company, but taxes will be charged on the income generated as an aggregate as per an investor’s tax slab.
