Alphalogic Techsys has made a public announcement regarding a Bonus Issue in the ratio 14:48. This means that eligible shareholders as on the record date which is 13 July 2024 will be receiving 14 share(s) for every 48 share(s) held. The detailed announcement by the company can be found here.
Please find some helpful FAQs on the bonus issue of Alphalogic Techsys below:
1. How to get bonus shares of Alphalogic Techsys?
If you hold the shares of Alphalogic Techsys as on the record date which is 13 July 2024, then you are eligible for the bonus issue.
2. What happens if you sold the shares of Alphalogic Techsys on the record date?
Even if you sold the shares of Alphalogic Techsys on the record date which is 13 July 2024, then also you will get the bonus shares as the settlement of the sold shares will happen on the T+1 day.
3. How to participate in the Bonus issue if you are not an existing shareholder of Alphalogic Techsys?
If you are not an existing shareholder of Alphalogic Techsys but want to participate in the bonus issue, make sure to purchase shares of Alphalogic Techsys before the Ex-Date which is 12 July 2024.
4. Bonus shares of Alphalogic Techsys are allotted but not visible on Dhan?
Bonus shares are allotted under temporary ISIN and then the issuing company (here Alphalogic Techsys) applies for listing of those bonus shares on the exchanges. Once the exchange approves the listing of those bonus shares, they will be visible in your holdings on Dhan
5. What is the impact of Bonus issue on the stock price of Alphalogic Techsys?
On the Ex-Date which is 12 July 2024, the price of the stock gets adjusted due to the bonus. Due to this adjustment, you see a dip in your unrealized profit. The dip is corrected once the bonus shares are approved for listing and are eligible for trading.
6. What is the impact of Bonus issue on the cost price of Alphalogic Techsys in the portfolio?
The cost of acquisition of the Bonus shares is zero as per ITD guidelines. Hence, for the purpose of unrealized P&L the average price is used whereas for realized P&L, FIFO (first in first out) logic is used.
7. If shares of Alphalogic Techsys are bought via MTF, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of Alphalogic Techsys via MTF, the bonus shares will be issued and the MTF holdings will get automatically updated once the shares are approved for listing
8. If shares of Alphalogic Techsys are bought and pledged for Margin, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of Alphalogic Techsys and pledge them to get margin, the bonus shares will be issued the pledge holdings will get automatically updated once the shares are approved for listing
What do you think about this Bonus Issue? Feel free to use this thread to discuss.