After rallying over 200% YTD, multibagger stock sets record date for 2:3 bonus shares

multibagger stock

Sprayking Agro Equipment Ltd. is a small-cap company in the capital goods business. Its market value is 83.67 Cr. The company is a rising star when it comes to making brass fittings, forging equipment, transformer parts, and other custom brass parts. It has customers all over the world, including the United States, Europe, Australia, Canada, South Africa, the United Arab Emirates, and India. Sprayking Agro Equipment Limited Company was founded in 1980. It is a public shareholding company that only works with brass metal as a processing material. It is also the first company to be listed in the BSE’s SME Category.

“In accordance with Regulation 42(2) and (3) of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015, this is to let you know that the company has set April 25, 2023 as the record date for determining which shareholders are eligible to receive bonus shares in the ratio of 2:3, i.e. 2 new fully paid-up equity shares for every 3 existing fully paid-up equity shares held, if the shareholders agree on April 25, 2023.”

The company said its pre-bonus issue paid-up capital is Rs. 6,34,07,690/- consisting of 63,40,769 equity shares of Rs. 10 each and post-bonus issue paid-up capital shall be upto Rs. 10,56,79,483 consisting of existing 63,40,769 equity shares plus bonus shares upto 42,27,179 equity shares of Rs. 10 each and the estimated date by which such bonus shares would be credited/dispatched is 04th May, 2023.

The last time Sprayking Agro Equipment was sold, on April 10, 2023, it was for 131.95 each. In the last three years, the stock’s return has been 896%, and in the last five years, it has been 486.44%. The stock has made a multibagger return of 497.06% in the last year, and it has made a 215.67% multibagger return so far in 2023. The stock’s 52-week high was 131.95 on April 6, 2023, and its 52-week low was 20.10 on July 18, 2022. During Q4FY23, the promoters owned 36.41% of the company, and the public had a stake of 63.59%

Source: Team CurrencyVeda