6:1 Bonus Shares Boost: G M Polyplast’s SME IPO Turns ₹1.27 Lakh into ₹11.81 Lakh in Three Years! | Stock Market News
A long-term investor benefits not only from the rise in stock prices but also from various rewards a company may offer, such as dividends, bonus shares, share buybacks, and rights issues. These rewards can significantly boost one’s returns. The journey of G M Polyplast’s stock is a great example of how these long-term rewards can lead to substantial gains.
G M Polyplast Share Price History
G M Polyplast launched its IPO in October 2020, listing on the BSE SME platform at a fixed price of ₹159 per share. After a flat start, the stock saw significant gains, prompting the company’s promoters to announce a 6:1 bonus share issue. This meant that for every share held, shareholders received six additional shares as a bonus. The stock went ex-bonus on January 4, 2023, meaning it traded without the rights to the bonus shares. Initially, investors could buy shares in lots of 800. If an investor held onto the shares despite the flat listing, their shareholding would have increased to 5,600 shares (800 shares x 7).
ADVERTISEMENT
Be part of our community by downloading and registering on the Angel One app. Your support helps us keep delivering quality content.
₹1.27 Lakh Grows to ₹11.81 Lakh in Three Years
The G M Polyplast IPO offered shares at ₹159 each, requiring a minimum investment of ₹1,27,200 for 800 shares. After the 6:1 bonus share issue, an investor’s shareholding would have grown to 5,600 shares. With the current share price reaching ₹211, this initial investment of ₹1,27,200 would now be worth ₹11,81,600.
G M Polyplast in the News
G M Polyplast has recently made headlines as it moved from the BSE SME platform to the main board of the Bombay Stock Exchange and National Stock Exchange. This transition is expected to increase the visibility and liquidity of the company’s shares, benefiting shareholders. The company’s board approved the move and authorized the Managing Director and/or Company Secretary to handle related matters, pending member approval.
Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.
ADVERTISEMENT
Angel One gives free daily stock tips and detailed research on their mobile app. With easy risk management, you can improve your experience and increase your stock market investments.
