Bonus Share: There is good news for the shareholders of Alliance Integrated Metaliks. The company has announced bonus shares in the ratio of 2:1. This means that for every one share, you will get two shares of the company for free. This smallcap stock below Rs 75 will remain in focus in the coming days also. Alliance Integrated has given returns of over 3,119% over its long term. The bonus shares were approved in the meeting on June 1, 2024. Shares of the company fell by 9% today and came to Rs 67.28.
Company will give 2 bonuses
This will be the first ever bonus issue of Alliance Integrated, which will come in March 2022 after a split of 1:10. The company has never paid dividends yet. The smallcap metal stock on BSE is at Rs 71.79 as on May 31, with a market cap of Rs 945.12 crore. The stock is close to its 52-week high of Rs 73.99 and is up 272% from its 52-week low of Rs 19.30. YTD, the stock is up 93% on BSE. The stock has gained 155.5% in one year, while its 5-year performance is up 963.56%. The all-time gain so far is approximately 3,119.28%. On March 16, 2012, this share was at the level of Rs 2.23.
This share increased from 72 paise to ₹87, now the stock will be divided into 5 pieces
what are the details
According to the regulatory filing, the total number of securities proposed to be issued is 26.33 crore equity shares. However, the actual number of bonus equity shares to be issued will be decided based on the paid-up share capital as on the record date. The amount of implementation of bonus shares at Re 1 face value is Rs 26.33 crore.
AIML provides a fully integrated one-stop shop for heavy fabrication. The company has supplied critical infrastructure to power, railway, road, metropolitan and industrial and residential industries. Some of their major clients are L&T, Tata Projects, AFCONS, Shahpoorji, APCO and SP Singla.
