Republic Aeon

Introduction: In the business world, it is normal practice for corporations to reward existing stakeholders by issuing bonus shares. Existing shareholders receive these shares at no additional cost, giving them a greater participation in the company without requiring them to make any new financial commitments. Several publicly traded Indian corporations in November 2023 announced plans to increase stock liquidity, reward existing owners without draining funds, and boost investor confidence by the issuance of bonus shares. You can increase the value of your investment and even obtain free shares if you invest in these firms before the record date. In this post, you will get a list of impending bonus shares in November 2023 for investing. Upcoming bonus shares in November 2023 As of October 31, 2023, three well-known corporations have announced bonus stock with November 2023 record dates. Here is a list of them: Jeena Seekho Lifecare Limited Jeena Seekho Lifecare Limited is the first firm on this list to issue bonus stock in November 2023. In India, it has established itself as the market leader for Ayurvedic medicine and healthcare services. Shuddhi Ayurveda (which gives Ayurvedic cures for various disorders), Shuddhi Clinics (which offers Ayurvedic therapy for diseases), and HIIMS Hospital are only a few of the well-known trademarks owned by the corporation. The business proposed 4:5 bonus shares on September 25, 2023, with the record date set for November 2, 2023. This means that shareholders who own five shares as of the record date will get a bonus of four additional shares from the firm. In the Financial Year 2022-23, the firm had a remarkable increase in revenue of 39.7 percent. Through calculated moves, the firm hopes to increase its share of the market. Giriraj Civil Developers Limited Giriraj Civil Developers Limited is the second business here. It is a well-known Indian construction firm that specializes in civil construction for public and quasi-public buildings. It largely focuses on creating highways, bridges, towers, and infrastructures. Multiple government contracts are now being fulfilled by the firm in the states of Maharashtra and Gujarat. The board of directors of the corporation made the decision to issue bonus shares to the shareholders on August 28 at a ratio of 4:1. Bonus shares will be distributed to eligible shareholders on November 3, 2023. This means that for every current share a shareholder has as of the record date, they will receive four additional shares For FY 2023, the company forecasts a healthy increase in revenue of 14.6%. The corporation stands to gain significantly in the coming months from government programs including the Production-Linked Incentive (PLI) scheme and the Make in India program. DP Wires Limited DP Wires Limited is the third organization here. It is a manufacturing and supplying firm established in India that specializes in steel wires, plastic pipes, and plastic films. Energy, transportation, electricity, oil and gas, civil engineering, infrastructure, and other fields can all benefit from the company's wares. The company's board announced the decision to issue bonus shares in the ratio of 1:7 on 29 September 2023. The bonus share record date has been set for November 8th, 2023. Those who own seven shares of the corporation as of the record date will receive one bonus share, and so on. The company's revenue for FY 23 increased to Rs. 1,221 crores from Rs. 616 crores in FY 22. Other companies to issue bonus shares in November 2023 In addition to the companies already named, a few more may also distribute bonus shares to their investors in November 2023. However, the formal confirmation is still to be published. To begin with, we have Sonata Software Limited. The record date for the 1:1 bonus share issuance has not yet been published, but it has been approved by the board. IFL Enterprises Limited is another such firm. The shareholders will have the final say on whether or not the corporation will issue bonus shares and dividends in November 2023 by postal ballot. Also read :- Diwali Muhurat Trading Date And Time 2023 To conclude Bonus shares may appeal as an investment opportunity due to the fact that they permit an increase in ownership in a company without requiring further capital outlay. Several Indian corporations may issue incentive shares in November 2023; you may wish to capitalize on this occasion to increase your investment. But prior to making any investment decisions, it is imperative to undertake comprehensive investigation and seek guidance from a financial advisor.

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