Mayukh Dealtrade Ltd Share Price: Mayukh Dealtrade Ltd, a popular penny stock among small investors, has announced to give free shares (bonus shares) to its investors. The share price of this company is less than Rs 3. Mayukh Dealtrade Ltd has said that it will issue bonus shares to its investors in the ratio of 3:5. 

This means that for every 5 shares, the company will give 3 bonus shares free. All these shares will have a face value of Rs 1. The company has fixed the record date for bonus shares as January 17, 2025. The company has stated in the filing that on December 31, 2024, its shareholders have approved the proposal to issue bonus shares. 

The company has already done a share split

Mayukh Dealtrade Limited is mainly active in the business of portfolio management. This company had earlier reduced the face value of its shares from Rs 5 to Rs 1 (in the ratio of 5:1) in October 2024. Earlier also the company had split its shares in the ratio of 2:1. 

Bonus shares are a corporate action in which companies provide extra shares to their shareholders without any charge. However, this does not affect the market valuation of the company. But after the bonus shares are issued, the share price gets adjusted according to the bonus ratio. This gives additional benefits to the investors and increases liquidity in the stock market.