Stock Split: Multibagger stock fixes record date for 1:10 sub-division - Check other details

Stock Split: Shares of smallcap company Eraaya Lifespaces opened gap up on Monday at Rs 2032.95 - a gain of around 5 per cent from the previous close of Rs 1937.60 on the BSE. However, it later fell down and last seen was trading at Rs 2,000. The shares of the company are in focus as its board has fixed a record date for 1:10 stock split.

Share Price History

As per BSE analytics, the counter has delivered a multibagger return of 2453 per cent in one year. The stock has skyrocketed more than 24260 per cent in the last two years and 26,927 per cent in three years. It has already gained 1,620 per cent so far this year.

Stock Split: Record Date

According to an exchange filing, the company will split the equity shares on the ratio of 10:1. It means that each share of Rs 10 face value will be split into 10 shares of Re 1 each.

It has fixed December 6 as the record date to identify the eligibility of shareholders for this corporate action.

Meanwhile, the company has stated that the division will take effect under the new ISIN. The new ISIN of the company is INE432F01032 and will be effective post record date fixed for sub-division.

"In terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 that new ISIN for Company’s Equity Shares having Face Value of Re. 1/- has been allotted," the company said in the exchange filing.

It must be noted that ISIN, a unique 12-digit alphanumeric code, is important for buying or selling a stock. 

Meanwhile, benchmark indices Sensex and Nifty declined in early trade on Monday amid disappointing macroeconomic data and weak trends in frontline stocks, including Reliance Industries, HDFC Bank and Tata Consultancy Services.

Foreign fund outflows also dented market sentiment.

The BSE benchmark Sensex tanked 493.84 points to 79,308.95 in early trade. The NSE Nifty declined 122.45 points to 24,008.65.

From the 30-share Sensex pack, IndusInd Bank, HDFC Bank, Larsen & Toubro, Tata Consultancy Services, Reliance Industries, Bajaj Finance, NTPC and Hindustan Unilever were the biggest laggards.