India Glycols Limited (INDIAGLYCO) board has announced a 10:5 stock split, reducing the face value of its equity shares from ₹10 to ₹5. Shareholders will receive two shares for every one share they hold. The record date for this stock split is August 12, 2025. You can check the announcement from the company here.
Stock Split Details
| Company | India Glycols Limited (INDIAGLYCO) |
|---|---|
| Split Ratio | 10:5 |
| Record Date | August 12, 2025 |
| Ex-Date | August 12, 2025 |
| Eligibility | Shareholders holding or buying shares on or before the cum-date (August 11, 2025) |
| Credit Timeline | Within 2 -3 trading days from the record date (August 12, 2025) |
What is a stock split?
A stock split is when a company increases the number of shares by reducing the face value per share.
Stock splits are corporate actions where the number of shares held increases but the face value of each share reduces. It is done to improve liquidity. Total investment remains the same.
What does the 10:5 stock split mean for India Glycols?
Each share with a face value of ₹10 will be subdivided into shares with a face value of ₹5. For every one share held, shareholders will receive two shares, effectively doubling the number of shares.
Example:
- Before Split: 100 shares at ₹1,770 each = ₹1,77,000
- After Split: 200 shares at ₹885 each = ₹1,77,000
Also, we adjust the OHLC data and charts on Kite for corporate actions like bonuses, stock splits, and rights issues. We’ve explained it here.
Who is eligible to receive the split shares?
Shareholders who hold or purchase shares of India Glycols on or before the cum-date (August 11, 2025) will be eligible to receive the split shares. To qualify, the shares must be credited to your demat account by the record date (August 12, 2025).
How long does it take for the split shares to reflect?
When a stock undergoes a split, it takes up to 2-3 working days from the ex-date or record date for the new shares to be credited to the demat account. During this period, the shares may not be visible in your holdings.
The P&L may show an artificial decrease in profits or an increase in losses until the new shares are credited. This will be automatically adjusted once the shares are updated.
Can I sell my shares before the split shares are credited?
Yes, you can sell your shares even before the split shares are credited to your demat account. However, 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.
What happens if a stock split results in fractional shares?
If a stock split results in fractional shares, these cannot be traded in the market. The company appoints a trustee to buy back the fractional shares, and the proceeds are credited to the shareholder’s primary bank account, typically within 45 days.
For example: If a shareholder holds 7 shares and the company announces a 10:5 stock split, they would be eligible for 14 new shares. But if they hold 7.5 shares, the split would result in 15 new shares for the whole number and a fractional share for the 0.5, which would be settled in cash.