A bonus issue is a corporate action that involves giving additional shares to existing shareholders in a certain proportion, free of cost. These bonus shares are issued from the company’s accumulated earnings. In line with this, digital technology services company Acceleratebs India Ltd is set to offer bonus shares to its investors. As of September 8, the company had a market capitalization of Rs 69.81 crore on the Bombay Stock Exchange (BSE). The company has also announced the bonus issue ratio and record date.
First Bonus Issue After IPO Listing
Acceleratebs India first announced its bonus issue on July 26, marking its first such offering since the company’s IPO listing on the BSE SME platform on July 19, 2023.
Bonus Issue Ratio
According to the filing on July 26, the company will issue bonus shares in a 3:5 ratio. This means that for every five equity shares held, investors will receive three additional shares, each with a face value of Rs 10. The bonus issue is subject to approval at the company’s upcoming annual general meeting (AGM).
Record Date for Bonus Issue
The record date for determining eligible shareholders for the bonus shares is set for Friday, September 12, 2024. Acceleratebs India will allot a total of 1,289,280 bonus equity shares in the 3:5 ratio (three shares for every five held), as per the company’s exchange filing on September 2.
Acceleratebs India Share Price
The company’s stock closed at Rs 324.90 last Friday, up 1.85% from its previous close of Rs 319 on the BSE.
Share Price History
According to BSE Analytics, Acceleratebs India shares have risen by 89.23% so far in 2024, with a 2.93% gain in the last year.