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Technopack Polymers Bonus Share Details
Announcement Date
04-Dec-2024
Bonus Date
04-Dec-2024
Bonus Ratio
1:1
Record Date
29-Jan-2025
Ex-Bonus Date
29-Jan-2025
Technopack Polymers has announced a bonus share issuance, aimed at rewarding its existing shareholders and improving market liquidity. The announcement was made on 04-Dec-2024, with the record date fixed for 29-Jan-2025 to determine eligible investors. The bonus ratio stands at 1:1, implying that shareholders will receive additional shares in this proportion. The ex-bonus date is 29-Jan-2025, followed by the bonus credit date of 04-Dec-2024.
Technopack Polymers bonus shares will be credited directly to your demat account after the record date of 29-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 Technopack Polymers’s bonus shares, you must be a registered shareholder on the Bonus Share Record Date of 29-Jan-2025.
To qualify:
Your name must appear in Technopack Polymers'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 29-Jan-2025
Technopack Polymers 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
Technopack Polymers's share price typically adjusts proportionally after the bonus issue. For instance, if Technopack Polymers'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 Technopack Polymers bonus shares is 29-Jan-2025