Cool Caps Industries Ltd (COOLCAPS) has announced both a stock split and a bonus issue. As per the company’s announcement, the corporate actions will be effective from July 04, 2025.
Stock Split Details:
- Company: Cool Caps Industries Ltd (COOLCAPS)
- Split Ratio: 10:2 (Each existing share of ₹10 face value will be split into 5 shares of ₹2 face value)
- Record Date: July 04, 2025
- Ex-Date: July 04, 2025
- Pre-Ex Date: July 03, 2025
Bonus Issue Details:
- Bonus Ratio: 1:1 (Shareholders will get 1 additional share for every 1 share held post-split)
- Record Date: July 04, 2025
- Ex-Date: July 04, 2025
- Pre-Ex Date: July 03, 2025
What does this mean for COOLCAPS shareholders?
Stock Split:
- Stock Split Ratio: 10:2
- Your existing 1 share of ₹835 will be subdivided into 5 shares of ₹167 each (approx).
- Example: If you hold 100 shares at ₹835 each, your holdings will increase to 500 shares, with the total value unchanged at ₹83,500.
Bonus Issue:
- Bonus Issue Ratio: 1:1
- After the stock split, for every 1 share you hold, you will receive 1 bonus share, effectively doubling your total holdings.
- Example: If you hold 500 shares after the split, you will receive 500 bonus shares, increasing your total holdings to 1,000 shares.
- The stock price after both the split and bonus issue will be approximately ₹83.50 per share, but your total investment value remains ₹83,500.
Who is Eligible for the Split and Bonus Issue?
- To qualify for both the stock split and bonus issue, shareholders must hold shares of Cool Caps Industries Ltd on or before the cum-date (July 03, 2025).
- The record date for both actions is July 04, 2025.
When Will the Split and Bonus Shares Reflect in My Demat Account?
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Stock Split: The split shares will be credited to your demat account within 2–3 working days from the record date (July 04, 2025). During this period, the shares may not be visible in your holdings. The P&L may show temporary fluctuations, which will be adjusted once the shares are updated.
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Bonus Shares: The bonus shares will be credited to your demat account within T+2 days from the record date. Initially, they may appear under a temporary ISIN on Console and will take an additional 4–5 working days to be assigned a permanent ISIN. Once assigned, the shares will reflect in Kite and be available for trading.
Can I Sell My Shares Before the Split or Bonus Shares Are Credited?
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Before Split Shares are Credited: Yes, you can sell your shares before the split shares are credited to your demat account. The shares sold will be adjusted for the stock split, and the remaining split shares will be credited to your account within 2–3 working days after the record date. There will be no impact on your P&L.
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Before Bonus Shares are Credited: Yes, you can sell your shares normally before the bonus shares are credited. This will not affect your trades or P&L, as the bonus shares will be allotted based on your holdings as of the record date (July 04, 2025). The bonus shares will be credited within 2 trading days and will reflect fully after a few more days once a permanent ISIN is assigned.