Updated Jul 28, 2024 09:35 IST
100:1 Stock Split: A nanocap stock trading above Rs 17,000 per share will undergo a 100:1 stock split. The current face value of Rs 1000 will be split into 100 shares, each with a face value of Rs 10. Check stock’s name and record date of the stock split.
100:1 Stock Split: After the split, the stock’s face value will reduce to Rs 10 from currently Rs 1000. (Image: Shutterstock/iStock/ET NOW News)
100:1 Stock Split: A nanocap stock which trades above Rs 17,000 per share is all set to go for a stock split in the ratio 100:1. That means each existing share will be split into 100 new shares, significantly reducing the price per share but increasing the total number of shares each shareholder owns.
The stock, which currently has a face value of Rs 1000, will be split into 100 shares, each with a face value of Rs 10. The stock under discussion is Jamshri Realty Ltd.
Jamshri Realty Share Price
On Friday, July 26, the stock closed at Rs 17,339.90 per share on the BSE, up 2 per cent against its previous closing price of Rs 1699.95. Assuming this price remains the same on the ex-date, it will trade at Rs 173.39 per share after the 100:1 split.
The stock belongs to XT group, that means it trades only on the BSE. XT Group consists of all those stocks that are only listed on BSE and are settled on a trade-to-trade basis.
Jamshri Realty Stock Split
Jamshri Realty on July 15 announced the stock split to enhance liquidity in the capital market, widen the shareholder base, and make the stock more affordable for small investors.
“…in order to provide enhanced liquidity in the capital market through widening shareholder base and to make it more affordable for small investors it was proposed to sub-divide 1 fully paid-up Equity Share of the Company having FV Rs. 1,000/- each into 100 fully paid up Equity Shares having FV Rs.10/- each,” the company said in an exchange filing.
Jamshri Realty Stock Split Record Date
Jamshri Realty has set the record date for the same as August 16.
“The Company has fixed Friday, August 16th, 2024 as the ‘Record Date’ for the purpose of determining the eligibility of Shareholders for the purpose of sub-division /split,” announced the company.
Jamshri Realty Share Price History
Shares of Jamshri Realty has appreciated over 149 per cent in the past three months, and over 328 per cent in the past six months. On a longer time frame, the nanoap stock has delivered a massive return of 920 per cent in the past five years.
At the current market price, the company boasts a market cap of Rs 121.15 crore.
(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
Omprakash Tiwary is a business writer who delves into the intricacies of the corporate world. With a focus on finance and economic landscape. He offers readers valuable insights into market trends, entrepreneurship, and economic developments.
