Apis India Ltd shares hit the 5% upper circuit at ₹1,152.75 on Wednesday as the stock heads into a major corporate action — a 24:1 bonus issue effective December 5.
The company has announced an exceptionally high bonus issue ratio of 24:1, meaning shareholders will receive 24 new fully paid-up equity shares for every one share held. December 5 has been set as both the ex-bonus and record date to determine eligible shareholders.
Eligibility and record date
Investors who hold shares before the ex-date will qualify for the bonus shares, which are expected to be credited to demat accounts around December 8. Those purchasing shares on or after December 5 will not be eligible for the bonus allocation.
The stock’s market capitalisation stood at ₹635.17 crore at Wednesday’s close, with trading volumes remaining thin at just 200 shares changing hands. The company currently trades at a price-to-earnings ratio of 27.62 on a standalone basis, with earnings per share of ₹41.73.
Price adjustment post bonus
Following the bonus issue, the share price is expected to adjust downward proportionally to reflect the increased share count, though the overall value of existing shareholders’ holdings will remain unchanged. The 24:1 ratio marks one of the highest bonus issues announced in recent times and follows the company’s previous bonus issuance in 2010.
Published on December 3, 2025
