Cool Caps Announces Record Date for Stock Split & Bonus Share
In a recent development, Cool Caps Industries, a leading manufacturer of plastic caps for beverages, has announced a record date for its stock split and bonus share. The company, which boasts a market capitalization of over ₹900 crore and a return on equity (ROE) of 26%, has recommended a 1:5 stock split and a 1:1 bonus issue.
As per the company’s announcement, the record date for the stock split and bonus share has been set as July 4, 2025. This means that only shareholders who are registered on the company’s books by the record date will be eligible to participate in the stock split and bonus share.
The stock split, which will reduce the face value of the shares from ₹10 to ₹2, is expected to make the company’s equity more affordable and accessible to a wider range of investors. The bonus share issue, on the other hand, will effectively increase the number of shares outstanding, giving existing shareholders more shares in the company.
Cool Caps Industries has had a remarkable run in the recent past, with its stock price more than doubling from its 52-week low. The company’s stock has given multibagger returns of over 150% from its 52-week low, making it an attractive investment opportunity for many investors.
The company’s performance has been driven by its strong financials, with a consistently high ROE and a healthy balance sheet. Cool Caps Industries has also been investing heavily in research and development, which has enabled it to stay ahead of the curve in terms of technology and innovation.
The company’s product portfolio includes a wide range of plastic caps for beverages, including crown caps, screw-top caps, and tamper-evident caps. Its products are used by many leading beverage companies, including those in the soft drinks, juice, and water segments.
The stock split and bonus share announcement by Cool Caps Industries has been well received by the market, with the company’s stock price rising sharply in response to the news. This is not surprising, given the company’s strong fundamentals and its potential for future growth.
In conclusion, the record date for Cool Caps Industries’ stock split and bonus share is an important development for the company and its shareholders. The stock split and bonus share are expected to make the company’s equity more affordable and accessible, while also increasing the number of shares outstanding. With the company’s strong financials and potential for future growth, it is likely that Cool Caps Industries will continue to be an attractive investment opportunity for many investors.
