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Stock Split: Shares of HMA Agro Industries Limited are going for a split. The company will divide its stock into 10 pieces. X-Split will trade in the stock market this week. The company launched its IPO in June this year. Let us tell you that on Friday, the share price of the company reached the level of 766 rupees with an increase of 2.79 percent.
If there is an IPO, the money doubles on the first day, do you have shares?
When is the record date? (HMA Agro Industries Limited)
The company has said that shares with a face value of Rs 10 will be distributed. After the demerger, the face value of the company’s shares fell to Rs. will be 1. The company has set the record date as December 29, 2023. Let us tell you that HMA Agro Industries is being traded in the stock market as an ex-dividend stock in the month of September. The company then offered eligible investors Rs. Dividend of 3 was given.
The company this week on record date at Rs.1 per share. 11 is being paid as a dividend
The IPO came in June
The price band of HMA Agro Industries IPO is Rs. 555 to Rs. 585 per share was fixed. The company placed 25 shares in one lot. Due to which investors had to bet at least Rs 14,625. Any retail investor can bet on a maximum of 13 lots simultaneously. Let us tell you that 144 crore rupees were collected in the company by anchor investors. The lock-in period for anchor investors was 90 days and has expired.
The company listed on the stock market on July 4 at Rs. 615 was listed. The share price of the company was Rs 765 per share on Friday. The share price of the company has seen an increase of more than 17 percent in the last one month.
(This is not investment advice. Stock market is subject to risks. Please consult an expert before making any investment.)