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Best Bonus Shares: Top Companies in H1 of 2023 in India

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Table of Contents

Best Bonus Shares in the First Half of 2023 in India

SecUR Credentials

GM

Rama Steel Tube

Globe Commercial Ltd.

Bombay Metrics

Music Broadcast

KPIGREEN

Goldstar Power

Vinny Overseas

Pulz Electronic

Indiamart Intermesh

Hardwyn

Conclusion

As investors seek opportunities to maximize their returns, bonus shares offered by companies serve as an attractive proposition. Bonus shares are additional shares issued by a company to its existing shareholders, typically in proportion to their current holdings. These shares are often distributed as a reward or incentive to shareholders. In the first half of 2023, several Indian companies have announced bonus share issuances with favorable bonus ratios. Read on to know about the best bonus shares in H1 of 2023.

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Best Bonus Shares in the First Half of 2023 in India

Take a closer look at some of the companies that have offered the best bonus shares during this period.

1. SecUR Credentials (Bonus Ratio: 3:1, Record Date: 04-01-2023):

SecUR Credentials, a prominent player in the background verification services sector, has declared a bonus ratio of 3:1. This means that for every share held, shareholders will receive three additional shares. The bonus share issuance was effective from January 4, 2023. Such a generous bonus ratio demonstrates the company’s commitment to rewarding its shareholders.

2. GM (Bonus Ratio: 6:1, Record Date: 04-01-2023):

General Motors (GM) has captured investors’ attention by announcing a bonus ratio of 6:1. Shareholders of GM will receive an impressive six additional shares for every share they currently hold. The record date for these best bonus shares issuance was also January 4, 2023, making it an enticing opportunity for investors to expand their holdings in the company.

3. Rama Steel Tube (Bonus Ratio: 4:1, Record Date: 06-01-2023):

Rama Steel Tube, a renowned manufacturer of steel tubes and pipes, has declared a bonus ratio of 4:1. This translates to shareholders receiving four additional shares for every share held. The record date for these best bonus shares issuance was January 6, 2023. This bonus offering positions Rama Steel Tube as an attractive investment opportunity.

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4. Globe Commercial Ltd. (Bonus Ratio: 1:1, Record Date: 07-01-2023):

Globe Commercial Ltd., a leading player in the commercial sector, has provided a bonus ratio of 1:1. Shareholders will receive one additional share for each share held. The record date for this bonus share issuance was January 7, 2023. Although the bonus ratio is lower compared to other companies, it still represents a valuable incentive for shareholders.

5. Bombay Metrics (Bonus Ratio: 3:1, Record Date: 09-01-2023):

Bombay Metrics, a reputable company specializing in electronic components, has announced a bonus ratio of 3:1. This implies that shareholders will receive three additional shares for every share held. The bonus share issuance began on January 9, 2023. With this attractive offering, Bombay Metrics seeks to reward its investors and strengthen their confidence in the company.

6. Music Broadcast (Bonus Ratio: 01:10, Record Date: 13-01-2023):

Music Broadcast, a prominent radio broadcasting company, has declared a bonus ratio of 01:10. This translates to shareholders receiving one additional share for every ten shares held. The record date for these best bonus shares issuance was January 13, 2023. While the ratio may appear modest, it still represents a valuable opportunity for shareholders to enhance their investment.

7. KPIGREEN (Bonus Ratio: 1:1, Record Date: 18-01-2023):

KPIGREEN, a company focused on green energy solutions, is offering a bonus ratio of 1:1. Shareholders will receive one additional share for each share held. The record date for this bonus share issuance was January 18, 2023. This bonus offering aligns with the company’s commitment to sustainability and reinforces its dedication to rewarding its shareholders.

8. Goldstar Power (Bonus Ratio: 4:5, Record Date: 21-01-2023):

Goldstar Power, a leading player in the power and energy sector, has announced a bonus ratio of 4:5. This means that shareholders will receive four additional shares for every five shares held. The record date for this bonus share issuance was January 21, 2023. This bonus ratio reflects the company’s intention to enhance shareholder value and foster long-term investor relationships.

9. Vinny Overseas (Bonus Ratio: 13:10, Record Date: 24-02-2023):

Vinny Overseas, a company engaged in the textile and apparel industry, is offering a bonus ratio of 13:10. This implies that shareholders will receive thirteen additional shares for every ten shares held. The record date for these best bonus shares issuance was February 24, 2023. Such a significant bonus ratio showcases the company’s confidence in its growth prospects and underscores its commitment to rewarding shareholders.

10. Pulz Electronic (Bonus Ratio: 1:1, Record Date: 01-03-2023):

Pulz Electronic, a renowned electronics manufacturer, has announced a bonus ratio of 1:1. Shareholders will receive one additional share for each share held. The record date for this bonus share issuance is March 1, 2023. Despite the modest ratio, these best bonus shares offering represents an attractive opportunity for investors to strengthen their holdings in the company.

11. Indiamart Intermesh (Bonus Ratio: 1:1)

Indiamart Intermesh is a prominent player in the Indian online B2B marketplace sector. It serves as a platform that connects suppliers and businesses, facilitating trade and fostering growth. With its extensive reach and market presence, Indiamart has emerged as one of the largest online B2B marketplaces in India, commanding around 60% market share in the online B2B classifieds space, as per the KPMG report for FY 2017.

The company boasts a market capitalization of Rs. 16,855 crore, indicating its significant valuation and prominence in the industry. The price-to-earnings (P/E) ratio of 59.39 further reflects investor confidence and optimism about the company’s growth prospects.

One of the recent developments from Indiamart Intermesh is the announcement of a bonus ratio of 1:1. This means that for every share an investor holds, they will receive an additional share. The best bonus shares offering demonstrate the company’s commitment to rewarding its shareholders and sharing its success with them. By providing bonus shares, Indiamart Intermesh aims to enhance shareholder value and foster stronger investor relationships.

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12. Hardwyn (Bonus Ratio: 1:3)

Hardwyn is a multiproduct trading and distribution company that deals with a diverse range of products, including aluminium and textile products. Although it is a relatively young company founded in 2017, Hardwyn has made a mark in the industry and has gained recognition for its offerings.

With a market capitalization of Rs. 1,082.37 crore, Hardwyn falls under the small-cap category. Despite its size, the company has managed to attract investor interest, as reflected by its relatively high P/E ratio of 119.18. This ratio indicates that investors have high expectations for the company’s future earnings growth.

Hardwyn recently announced a bonus ratio of 1:3. This means that for every three shares held by investors, they will receive an additional share. The bonus share offering signifies Hardwyn’s intent to reward its shareholders and encourage long-term investment. By providing the best bonus shares, the company aims to strengthen its relationship with shareholders and provide them with an opportunity to increase their holdings in the company.

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Conclusion

During the first half of 2023, several Indian companies have offered attractive bonus shares to reward their shareholders. These best bonus shares not only provide additional value to existing shareholders but also serve as an indicator of a company’s financial strength and commitment to its investors. Investors should carefully consider the bonus ratios and associated record dates while evaluating investment opportunities.

By leveraging the benefits of the best bonus shares, shareholders can potentially enhance their returns and participate in the growth and success of these companies.

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