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Reading: Small-cap inventory beneath ₹20 declares document date for 1:10 inventory break up, 2:1 bonus shares
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StockWaves > Market Analysis > Small-cap inventory beneath ₹20 declares document date for 1:10 inventory break up, 2:1 bonus shares
Market Analysis

Small-cap inventory beneath ₹20 declares document date for 1:10 inventory break up, 2:1 bonus shares

StockWaves By StockWaves Last updated: February 24, 2025 3 Min Read
Small-cap inventory beneath ₹20 declares document date for 1:10 inventory break up, 2:1 bonus shares
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Small-cap inventory beneath ₹20: Pradhin Restricted, on Monday, February 24, introduced that the agency had fastened its document date as March 7, 2025, for the inventory break up and the bonus subject of the corporate’s fairness shares. 

The corporate introduced a inventory break up of 1 fairness share with a face worth of ₹10 per share into 10 fairness shares with a face worth of Re 1 per share, in accordance with the BSE knowledge. (Inventory break up ratio 1:10)

Pradhin additionally introduced a bonus subject of two shares for each one fairness share held by the shareholder for a sure time frame. The bonus subject ratio might be 2:1. 

“We wish to inform you that the corporate has fastened Friday, 07th March, 2025 because the File Date, for the aim of ascertaining the eligibility of the shareholders entitled for the next issues, in accordance with the approval of shareholders obtained by way of postal poll on Friday, twenty first February, 2025,” stated the corporate within the BSE filling.

Pradhin Share Worth

Pradhin Restricted shares closed 4.94 per cent greater at ₹16.99 after Monday’s inventory market session, in comparison with ₹16.19 on the earlier market shut. The corporate introduced the inventory break up and bonus subject transfer after market working hours on February 24.

Pradhin shares have given inventory market traders 494 per cent returns since its itemizing on the home indices within the early 2000s. Nonetheless, the inventory has misplaced practically 60 per cent within the final 5 years and nearly 63 per cent within the final one-year interval.

The iron and metal product maker’s shares hit their 52-week excessive degree at ₹53.27 on August 29, 2024, whereas the 52-week degree low was at ₹15.43 on February 20, 2025, in accordance with the BSE knowledge. The shares are buying and selling simply above their 52-week degree.

Pradhin Restricted’s market capitalisation was at ₹57.47 crore as of Monday’s market shut.

Disclaimer: The views and proposals above are these of particular person analysts, specialists and broking corporations, not of Mint. We advise traders to examine with licensed specialists earlier than making any funding choice.

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