Upcoming Corporate Actions and Promising IPOs for October 2024
Stay updated on key corporate actions for October 2024, including significant dividends, stock splits, and two promising IPOs.
Discover the latest trends in the equity market and what investors should watch for.
Next week, several reputed companies will make crucial announcements about their dividends, bonus shares, and stock splits.
Besides this, two companies are launching their IPOs - Waaree Energies and Deepak Builders.
Important dates:
Monday October 28, 2024
Reliance Industries Ltd: They will issue one bonus share for every share held.
ICICI Lombard: Expect an interim dividend of ₹5.5 per share.
Dr. Reddy's Laboratories: They will split their shares from ₹5 to ₹1 (5:1 ratio).
Ksolves India Ltd: They will declare an interim dividend of ₹8 per share.
Tuesday, October 29, 2024
Infosys Ltd: They will declare an interim dividend of ₹21 per share.
Quasar India Ltd: They will split their shares from ₹10 to ₹1 (10:1 ratio).
Route Mobile Ltd: They will offer an interim dividend of ₹6 per share.
Wednesday, October 30, 2024
Crisil Ltd: They will declare an interim dividend of ₹15 per share.
Mazagon Dock Shipbuilders Ltd: They will pay an interim dividend of ₹23.19 per share.
Jash Engineering Ltd: They will split their shares from ₹10 to ₹2 (5:1 ratio).
Thursday, October 31, 2024
Tech Mahindra Ltd: They will offer an interim dividend of ₹15 per share.
Supreme Petrochem Ltd: Expect an interim dividend of ₹2.5 per share.
Dodla Dairy Ltd: They will announce a dividend on November 1.
The week will wrap up with Sellwin Traders Ltd announcing a bonus issue (1 for every 8 shares) and a stock split from ₹10 to ₹2 (5:1 ratio).
IPO Highlights
Waaree Energies
Launching on October 28, this IPO has strong interest, with 76 times subscriptions. It is expected to trade at nearly a 100% premium in the unlisted market. The money raised will help build a new 6 GW facility in Odisha.
Deepak Builders
This IPO got 41.5 times more orders than shares available and has a grey market premium of ₹32. The money raised will be used for working capital and to pay off debts.
Overall, the IPO market looks good, with 26 companies approved to raise ₹72,000 crore and 55 more waiting for approval.
