Indraprastha Gas has announced a bonus share issuance, aimed at rewarding its existing shareholders and improving market liquidity. The announcement was made on 10-Dec-2024, with the record date fixed for 31-Jan-2025 to determine eligible investors. The Indraprastha Gas bonus ratio is 1:1, implying that shareholders will receive additional shares in this proportion. The Indraprastha Gas ex-bonus date is 31-Jan-2025, followed by the bonus credit date of 10-Dec-2024.
Indraprastha Gas bonus shares will be credited directly to your demat account after the record date of 31-Jan-2025. The credit process typically takes 7-15 working days from the record date. You can track the status of your bonus shares through your Choice Demat account.
To receive Indraprastha Gas’s bonus shares, you must be a registered shareholder on the Bonus Share Record Date of 31-Jan-2025.
To qualify:
Your name must appear in Indraprastha Gas's shareholders' register
Shares must be held in your demat account or physical form
All shares should be fully paid up
Purchase of shares must be completed before the bonus share ex-bonus date of 31-Jan-2025
Indraprastha Gas issues bonus shares in the ratio of 1:1. Based on that you will be allocated bonus shares for every share that you hold. The number of bonus shares you receive mainly depends on the bonus ratio announced by the company.
For example:
In a 1:1 bonus ratio, you receive one new share for each share held
With a 2:1 ratio, you receive two new shares for each share held
For a 1:2 ratio, you receive one new share for every two shares held
Indraprastha Gas's share price typically adjusts proportionally after the bonus issue. For instance, if Indraprastha Gas's share price is ₹100 and it announces a 1:1 bonus:
The theoretical post-bonus price would be ₹50
Your total investment value remains unchanged
The number of shares in your portfolio doubles
This price adjustment reflects the increased number of shares while maintaining the company's market capitalisation.
The record date for Indraprastha Gas bonus shares is 31-Jan-2025