Sandur Manganese has announced a 2:1 bonus issue with September 22 as the record date. Learn about the share price, buyback updates, GMP, and listing details.
Sandur Manganese Bonus Shares 2:1 Update -Price Band, Record Date & Listing
About Sandur Manganese Bonus Shares
Sandur Manganese & Iron Ores Ltd, a BSE-listed small-cap company, has recently announced a 2:1 bonus issue. This means shareholders will receive two additional shares for every one share they already own. The company has set September 22 as the record date for this corporate action.
Share Price and Market Performance
The Sandur Manganese share price has shown strong momentum. The stock is currently up nearly 42% from its year’s low, reflecting renewed investor interest. The price band for trading remains in focus, as bonus issues generally improve liquidity in the market.
- Bonus Ratio: 2:1
- Record Date: September 22
- Category: BSE Small-Cap
- Impact: Improved liquidity and wider retail participation
IPO / Buyback / Allotment & GMP
While this is not a fresh IPO, investors are tracking the Sandur Manganese bonus shares as closely as an allotment event. No buyback has been announced at this time, but the GMP (Grey Market Premium) activity around small-cap bonuses has generated positive sentiment. Listing of new bonus shares is expected soon after the record date.
Market Cap and Subscription Outlook
The company has seen healthy growth, strengthening its market capitalization. With the 2:1 bonus shares, the float in the market will increase. This could attract fresh subscriptions from retail investors and long-term institutions interested in stable metal and mining stocks.
Corporate Events & Dividends
Apart from the bonus issue, the company has a history of rewarding its investors through dividends and other shareholder-friendly moves. The current bonus update signals management’s confidence in growth and profitability.
Multibagger Stock Potential
Given the stock’s recovery and strategic corporate actions, some analysts believe Sandur Manganese has multibagger potential. However, like all small-cap investments, risks remain due to price volatility and market conditions.
- Check your holdings of Sandur Manganese shares before the record date.
- Ensure shares are in your demat account on September 22 to qualify for bonus.
- Wait for the credited bonus shares after the record date.
- Monitor the listing and adjusted share price post bonus issue.
Disclaimer
This article is for informational purposes only and should not be considered as financial advice. Investors are advised to consult their financial advisors before making investment decisions in Sandur Manganese bonus shares or any other stock.
FAQs
Q1: What is the record date for Sandur Manganese bonus shares?
A: The company has set September 22 as the record date for its 2:1 bonus issue.
Q2: How many shares will I get in the 2:1 bonus issue?
A: For every one share you hold, you will receive two additional shares.
Q3: Is Sandur Manganese planning a buyback along with the bonus?
A: As of now, no buyback has been announced. The current focus is only on the 2:1 bonus issue.
