What is stock split?
A stock split is a corporate action where a company increases its number of outstanding shares by dividing existing shares into multiple new ones. This lowers the share price proportionally but leaves the company’s overall market capitalization unchanged.
Upcoming Stock Splits 2024
The upcoming stock splits of October 2024 are as follows:
| Company | Old FV | New FV | Announcement | Record Date | Split Date |
| KCK Industries | 10 | 2 | 18-Sep-24 | 30-Oct-24 | 30-Oct-24 |
| Jash Engineering | 10 | 2 | 8-Aug-24 | 30-Oct-24 | 30-Oct-24 |
| Master Trust | 5 | 1 | 7-Aug-24 | 30-Oct-24 | 30-Oct-24 |
| Quasar India | 10 | 1 | 23-Sep-24 | 29-Oct-24 | 29-Oct-24 |
| Dr Reddys Laboratories | 5 | 1 | 27-Jul-24 | 28-Oct-24 | 28-Oct-24 |
| POCL Enterprises | 10 | 2 | 1-Aug-24 | 25-Oct-24 | 25-Oct-24 |
| Mayukh Dealtrade | 5 | 1 | 30-Aug-24 | 25-Oct-24 | 25-Oct-24 |
| Sukhjit Starch & Chemicals Ltd | 10 | 5 | 11-Oct-24 | 25-Oct-24 | 25-Oct-24 |
| HEG | 10 | 2 | 13-Aug-24 | 18-Oct-24 | 18-Oct-24 |
| Humming Bird Education | 10 | 1 | 3-Sep-24 | 18-Oct-24 | 18-Oct-24 |
| Sacheta Metals | 10 | 2 | 9-Sep-24 | 19-Oct-24 | 18-Oct-24 |
| Harshil Agrotech | 10 | 1 | 3-Sep-24 | 17-Oct-24 | 17-Oct-24 |
| Pondy Oxides & Chemicals | 10 | 5 | 6-Aug-24 | 16-Oct-24 | 16-Oct-24 |
| ABans Enterprises | 10 | 2 | 9-Aug-24 | 15-Oct-24 | 15-Oct-24 |
| Vaishali Pharma | 10 | 2 | 28-Aug-24 | 15-Oct-24 | 15-Oct-24 |
| Credent Global Finance | 10 | 2 | 6-Sep-24 | 15-Oct-24 | 15-Oct-24 |
| Rajnish Retail | 5 | 1 | 29-May-24 | 11-Oct-24 | 11-Oct-24 |
| New Light Apparels | 10 | 1 | 3-Sep-24 | 10-Oct-24 | 10-Oct-24 |
| Jindal Saw | 2 | 1 | 23-Aug-24 | 9-Oct-24 | 9-Oct-24 |
| Godawari Power & Ispat | 5 | 1 | 7-Aug-24 | 4-Oct-24 | 4-Oct-24 |
| Real Eco-Energy | 10 | 1 | 11-July-24 | 4-Oct-24 | 4-Oct-24 |
| Integrated Industries | 10 | 1 | 14-Aug-24 | 1-Oct-24 | 1-Oct-24 |
Introduction Of Upcoming Share Split In October 2024
KCK Industries Limited
KCK Industries Limited, originally incorporated as KCK Sales Private Limited in March 2013, transitioned to a public limited company in October 2020. Founded by Mr. Jagdish Prasad Arya and Mrs. Reena Sharma, the company trades in high-quality cotton yarns, chemicals, and dyes, and operates a rice sheller plant with a capacity of 12 tons per hour.
Jash Engineering Limited
Jash Engineering Limited, originally incorporated as Jash Engineering Industries Private Limited in September 1973, became a public limited company in September 1994. The promoters include Mr. Laxminandan Amin, Mr. Pratik Patel, Ms. Bhairavi Patel, and Mr. Harsh Patel.
Master Trust Limited
Master Trust Limited (MTL), originally incorporated in August 1985 as Arora Financial Consultants, adopted its current name in March 1992. Founded by H.S. Arora, with R.K. Singhania joining as co-promoter, MTL provides corporate services and has been active in merchant banking since inception, serving clients like Punjab Alkalies & Chemicals.
Quasar India Limited
Quasar India Limited was incorporated on April 18, 1979. The company engages in retail and wholesale trading of various goods and commodities in India and abroad. Its trading activities include the buying, selling, importing, and exporting of iron, steel, precious metals, textiles, and more. Additionally, Quasar India is involved in trading and investing in shares, stocks, commodities, and derivatives.
Dr Reddys Laboratories Limited
Dr. Reddy’s Laboratories was incorporated in 1984 in Hyderabad by Dr. Anji Reddy, initially funded with ₹25 lakh. A pioneer in the active pharmaceutical ingredients (APIs) industry, the company began manufacturing APIs with a single drug. It gained recognition with its first USFDA approval for Ibuprofen in 1987 and established the Dr. Reddy’s Research Foundation in 1993.
POCL Enterprises Limited
POCL Enterprises Limited (POEL) specializes in manufacturing inorganic chemicals and base metals. Incorporated on May 20, 1988, it operates manufacturing units in Tamil Nadu. Following a demerger from Pondy Oxides and Chemicals Limited, POEL was established to take over various divisions, effective December 22, 2014. The company gained BSE listing approval in April 2015 and started trading on June 25, 2015.
Mayukh Dealtrade Limited
Mayukh Dealtrade Limited (formerly Mayukh Commercial Ltd) was incorporated on August 14, 1980, under the Companies Act, 2013. The company focuses on investments, specifically in loans and advances.
Sukhjit Starch & Chemicals Limited
Sukhjit Starch & Chemicals Limited (SSCL) was established as a private limited company in 1943 and went public in 1944. Originally promoted by B K Sardana, it began with a maize starch plant in Punjab. Over the years, it expanded capacity and diversified its product range to include liquid glucose, dextrose monohydrate, and sorbitol, with a new unit in Malda, West Bengal, commencing operations in June 2003.
HEG Limited
HEG Ltd is a leading manufacturer of graphite electrodes in India, specializing in the production of high-quality graphite electrodes and captive power generation. Established in 1977 as Hindustan Electro-Graphites Ltd and a prominent member of the LNJ Bhilwara group, HEG operates the largest integrated graphite plant in South Asia and the Middle East, located in Mandideep, Madhya Pradesh.
Humming Bird Education Limited
Humming Bird Education Limited was originally established as a private limited company on August 23, 2010, under the name Humming Bird Education Private Limited. The company transitioned to a public limited company on October 10, 2018. Founded by Mr. Nitesh Jain, Humming Bird Education has impacted thousands of schools and millions of students across more than 11 countries through its Olympiad examinations.
Sacheta Metals Limited
Sacheta Metals was established in May 1990 as a private limited company and transitioned to a public limited company in March 1995. Promoted by Satishkumar Shah and Chetnaben Shah, the company specializes in manufacturing aluminum utensils for kitchenware, with an installed capacity of 440 tons per annum (TPA). Production began at its plant in Mahiyal, located in the Sabarkantha district of Gujarat, in 1993.
Harshil Agrotech Limited
Harshil Agrotech, incorporated as Mirch Technologies (India) Limited on November 18, 1972, is a public limited company specializing in industrial design and fabrication. It serves diverse sectors, including fertilizers, chemicals, petrochemicals, power plants, fibers, cement, steel, pharmaceuticals, dyes, and paper and pulp industries.
Pondy Oxides & Chemicals Limited
Pondy Oxides & Chemicals Ltd (POCL) was established in 1995 to take over the trading business of its partnership firm. Specializing in zinc oxide manufacturing, the company has expanded through joint ventures and subsidiary operations, focusing on marketable products amidst competition.
ABans Enterprises Limited
ABans Enterprises Limited, formerly Matru-Smriti Traders Limited, was incorporated in February 1985 and is listed on the BSE and MSEI. After a change in control by Mr. Abhishek Bansal, it became part of the ABans Group. The company trades and consults in various commodities and shares.
Vaishali Pharma Limited
Vaishali Pharma Limited, incorporated on April 25, 2008, started as a private limited company. It merged the business of promoter Atul Vasani’s proprietorship, Vaishali Pharmachem, and became a public limited company on June 21, 2017. Atul and Jagruti Vasani are the promoters.
Credent Global Finance Limited
Credent Global Finance, formerly Oracle Credit, is a Non-Banking Financial Company (NBFC) established on February 27, 1991, by promoter Aditya Vikram Kanoria. The company offers a range of financial services, including lending, investment in securities, loan syndication, and consultancy. It was listed on BSE Ltd. on January 28, 2016.
Rajnish Retail Limited
Sheetal Diamonds Ltd. (SDL), incorporated on December 21, 1994, is promoted by Vinod Shah, Hasmukh Gor, and Shailesh Patel. Managed by Vinod Shah, the company specializes in polishing rough diamonds into cut diamonds. SDL plans to open a jewelry showroom for diamond-studded gold jewelry and silver articles.
New Light Apparels Limited
New Light Apparels Ltd, incorporated in 1995 and promoted by Gurcharan Lal Makkad and Amrik Lal Makkad, specializes in sock manufacturing with 59 operational machines. The company plans to expand to 84 machines by adding 25 computerized machines, funding its growth through a public equity issue.
Jindal Saw Limited
Jindal SAW Limited (JSL), part of the Jindal Group, is a leading producer of Submerged Arc Welded (SAW) pipes. Established in 1984, the company manufactures pipes for energy, industrial applications, and water transportation across multiple strategic business units.
Godawari Power & Ispat Limited
Godawari Power & Ispat Ltd is an integrated steel manufacturer based in Raipur, established in 1999. The company produces sponge iron, steel billets, and ferro alloys, while also engaging in electricity generation and iron ore mining, enhancing its operational efficiency.
Real Eco-Energy Limited
Real Eco-Energy (formerly Hillock Agro Foods) was incorporated in 1993 and focuses on manufacturing and exporting a diverse range of food products, including various flours, pulses, spices, and dairy products, while also engaging in food processing and canning.
Integrated Industries Limited
Integrated Industries Limited specializes in manufacturing Printed Circuit Boards (PCBs) with advanced capabilities, including fine-line designs and high-density surface mount devices. Located in Gurgaon, Haryana, Integrated Industries Limited produces single-sided, double-sided, and multi-layer PCBs to meet diverse industry needs.
Stock Split 2024 – FAQs
Yes, the stock price will decrease after a split, but the total value of an investor’s holdings remains the same. The number of shares increases proportionally, balancing out the reduced share price, so the overall market value is unaffected.
Investing in a stock split can be advantageous as it often boosts liquidity and makes shares more affordable, attracting more investors. However, the split itself doesn’t change a company’s fundamentals, so it’s essential to evaluate its overall financial health.
A stock split does not directly affect a company’s profit. It only changes the number of shares and their price, without altering the company’s overall market value, revenue, or earnings per share fundamentals.
The main disadvantage of a stock split is that it doesn’t improve the company’s fundamentals. It may also lead to increased volatility, diluted share value perception, and make it harder for smaller investors to hold significant stakes.
The stocks Integrated Industries, Godawari Power & Ispat, Real Eco-Energy, and Rajnish Retail that are going to split soon can be checked through financial news sources or the announcements sections on stock exchange websites for the most current information.
