Cool Caps Announces Record Date for Stock Split & Bonus Share
In a thrilling development for shareholders, Cool Caps Industries, a leading manufacturer of plastic caps for beverages, has announced a record date for a 1:5 stock split and a 1:1 bonus issue. The news has sent the stock soaring, with investors eagerly anticipating the benefits of this move. In this blog post, we’ll delve into the details of the announcement and what it means for the company’s future.
Cool Caps Industries, with a market capitalization of over ₹900 crore, has been a darling of the stock market, boasting a return on equity (ROE) of 26%. The company’s impressive financial performance has been driven by its ability to adapt to changing market conditions and innovate its products to meet the evolving needs of its clients. The stock has been a multibagger, giving over 150% returns from its 52-week low, making it an attractive investment opportunity for many investors.
The company’s Board has recommended a 1:5 stock split, which means that every five shares held by shareholders will be converted into 11 shares. This move is aimed at making the stock more accessible to a wider range of investors, particularly retail investors who may find the current face value of ₹10 per share to be prohibitively high. The stock split will result in a reduction of the face value from ₹10 to ₹2 per share.
In addition to the stock split, the company has also announced a 1:1 bonus issue, which will result in shareholders receiving one additional share for every share held. This move is aimed at rewarding shareholders for their loyalty and trust in the company. The bonus issue will also help to increase the company’s equity base, allowing it to access more capital for future growth initiatives.
The record date for the stock split and bonus issue has been set as July 4, 2025. This means that shareholders who own the company’s shares as of this date will be eligible to receive the newly issued shares. The stock is expected to be re-listed with the new face value and share capital after the split and bonus issue.
The announcement has been welcomed by investors, who are eagerly awaiting the benefits of the stock split and bonus issue. The move is seen as a vote of confidence in the company’s future prospects, and investors are confident that the company’s strong financial performance will continue in the coming years.
In conclusion, the announcement by Cool Caps Industries of a record date for a 1:5 stock split and a 1:1 bonus issue is a significant development for shareholders and investors. The move is aimed at making the stock more accessible to a wider range of investors and rewarding shareholders for their loyalty and trust in the company. With the company’s impressive financial performance and strong growth prospects, investors are likely to see significant benefits from this move.
