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Senco Gold has announced 31 January 2025 as the record date for its 1:2 stock split. This marks its first split since listing, with the shares gaining 35% since October 2024.
Senco Gold, a BSE SmallCap-listed jewellery retailer, has set 31 January 2025 as the record date for its 1:2 stock split. The corporate action aims to increase liquidity and make the shares more affordable for retail investors. The company first revealed its plan in October 2024, making this its maiden stock split since listing in July 2024. Senco Gold share price has seen a remarkable 35% increase since the announcement, reflecting strong investor interest.
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Stock Split Ratio: 1 equity share (face value Rs 10) split into 2 equity shares (face value Rs 5).
Record Date: 31 January 2025.
Purpose: Enhance liquidity and affordability for retail investors.
Market Capitalisation: Rs 8,537.72 crore (as per BSE data).
Share Price Performance: 35% growth since October 2024; recently trading at Rs 1,043.70.
Also read: IRFC Signs ₹250 Crore Lease Agreement with NTPC for 8 BOBR Rakes
The company’s 1:2 stock split is expected to widen its shareholder base, making shares more accessible to smaller investors. Shareholders recorded on 31 January 2025 will qualify for the split. The split is scheduled for completion within three months of member approval, subject to regulatory clearances.
Despite recent negative returns, Senco Gold share price currently stands at Rs 1,043.70 per share on BSE. The jewellery retailer holds a market capitalisation of Rs 8,537.72 crore. Here is a summary of key financial data:
Parameter | Details |
Current Share Price | Rs 1,043.70 |
Market Capitalisation | Rs 8,537.72 crore |
Stock Split Ratio | 1:2 (Rs 10 to Rs 5) |
Record Date | 31 January 2025 |
Share Price Growth Since Oct. | 35% |
The stock split is expected to create additional liquidity in the market by increasing the total number of shares in circulation. This move will make Senco Gold shares more affordable, particularly for retail investors, and may potentially attract a broader investor base.
Senco Gold’s upcoming stock split highlights its commitment to enhancing market accessibility and shareholder value. Investors keen on benefiting from this split must ensure their holdings by the record date, 31 January 2025.
Also read: Nazara Technologies Board Meeting to Discuss Preferential Share Issue
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