Rajoo Engineers has made a public announcement regarding a Bonus Issue in the ratio 1:3. This means that eligible shareholders as on the record date which is 2 December 2024 will be receiving 1 share(s) for every 3 share(s) held. The detailed announcement by the company can be found here.
Please find some helpful FAQs on the bonus issue of Rajoo Engineers below:
1. How to get bonus shares of Rajoo Engineers?
If you hold the shares of Rajoo Engineers as on the record date which is 2 December 2024, then you are eligible for the bonus issue.
2. What happens if you sold the shares of Rajoo Engineers on the record date?
Even if you sold the shares of Rajoo Engineers on the record date which is 2 December 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 Rajoo Engineers?
If you are not an existing shareholder of Rajoo Engineers but want to participate in the bonus issue, make sure to purchase shares of Rajoo Engineers before the Ex-Date which is 2 December 2024.
4. When will the Bonus shares of Rajoo Engineers be visible and available for trading?
As per new regulations, bonus shares listed on the exchanges on the T+2 day from the record date, which is 2 December 2024. In case they are not yet assigned, you can contact the RTA of the company. The details of the RTA’s of a company can be found on NSE and BSE.
For NSE: Search for the Company > Company Directory > Transfer Agent Details
For BSE: Search for the Company > Corp Information > Scroll to “Registrars” section
5. What is the impact of Bonus issue on the stock price of Rajoo Engineers?
On the Ex-Date which is 2 December 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 Rajoo Engineers 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 Rajoo Engineers are bought via MTF, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of Rajoo Engineers 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 Rajoo Engineers are bought and pledged for Margin, is the shareholder eligible for bonus?
Yes, even if a shareholder has bought the shares of Rajoo Engineers 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.