Penny Stock Under Rs 20 Bonus Issue: 3 Free Shares for Every 2 Shares Held; Check Record Date Inside
The shares have a triple-digit PE of 155x and a single-digit ROE of 1 per cent.
Navkar Urbanstructure Limited, formerly Navkar Builders Limited, has determined the eligibility of shareholders for a bonus issue in the ratio of 3:2, meaning 3 new fully paid-up equity shares will be issued for every 2 existing fully paid-up equity shares held, each with a face value of Rs 2. Under SEBI Circular No. SEBI CIR/CFD/PoD/2024/122 dated September 16, 2024, the deemed date of allotment for the 33,66,28,500 bonus equity shares of Rs 2 each is Friday, April 25, 2025 (T+1 Day).
Navkar Urbanstructure Ltd, founded in 1992, focuses on infrastructure construction and development, including RCC and RMC pipes. This Shah family enterprise, previously Navkar Builders Limited, specialises in designing and executing projects like sewage treatment plants, pumping stations, water pipelines, industrial and commercial buildings, and luxury homes. Their expertise covers structural design, project management, procurement, and construction, including electrical and mechanical work for sewage treatment. Registered as an AA class contractor with the Government of Gujarat, they handle projects for government and private clients and manufacture RCC Hume Pipes and RMC.
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The stock is trading under Rs 20 per share with a market cap of over Rs 300 crore. The shares have a triple-digit PE of 155x and a single-digit ROE of 1 per cent. The stock is up by 82 per cent from its 52-week low of Rs 8.11 per share.
Disclaimer: The article is for informational purposes only and not investment advice.