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Standard Capital Markets Ltd. Standard Capital Markets has announced its stock split. The company has decided to divide 1 share into 10 parts. The record date for this is yet to be announced. Standard Capital Market shares have been facing upper circuit since December 12. The price of one share of the company is Rs 73.59. Today, the company’s shares have again reached the circuit above 2 percent.
Subscription increased more than 120 times in 3 days, good news for investors
The shares will be divided into 10 parts
In a disclosure to the stock markets on Monday, the company said that one share with a face value of Rs 10 will be divided into 10 parts. After this share split, the face value of the company’s shares fell to Rs. will be 1. It is expected that the record date of the stock split will be announced by Standard Capital Markets soon.
Investors pounced on the IPO as soon as it opened, with 62% subscribed in 2 hours
Money doubles in 1 year
The past one year has been a great one from an investor’s point of view in the stock market. During this period, the company’s share price has seen an increase of 446 percent. The company’s share price has increased by more than 14 percent in the last 6 months. However, the last month has been a prosperous one for investors. The share price has increased by more than 34 percent during this period.
The company’s 52-week high price was Rs. 96 and a 52-week low of Rs. 13.46 per share. Standard Capital Markets has a market cap of Rs. 360 crores. Let us tell you that the shares of the company are being split for the first time.
Standard Capital Market’s revenue in the September quarter was Rs. 5.65 crores. Net profit during this period was Rs. 2.31 crores. At the same time, the company’s revenue in the June quarter was Rs 5.27 crore.