IOC Bonus Share 2024, Record Date, Payment Date, Share Price History and More

News: Indian Oil Corporation (IOC) has recently announced a bonus share issuance for the year 2024. As an investor or someone interested in the stock market, it’s essential to understand what this means and how it impacts shareholders. In this article, we’ll delve into the details of IOC’s bonus share, including the record date, payment date, share price history, and more.

What Is a Bonus Share?

Before we dive into the specifics, let’s clarify what a bonus share is. A bonus share, also known as a scrip dividend, is an additional share given to existing shareholders by a company. These shares are distributed free of cost, and their purpose is to reward loyal investors. Essentially, it’s like a little gift from the company to its shareholders.

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IOC Bonus Share 2024 Details

1. Bonus Ratio: IOC will issue bonus shares in the ratio of 1:2. This means that for every two equity shares you currently hold, you’ll receive one new bonus equity share.

2. Record Date: The record date for the IOC bonus share is July 1, 2024. Shareholders who have IOC shares in their portfolio on or before this date will be eligible for the bonus.

3. Payment Date: The payment date for the bonus shares will follow shortly after the record date. It’s essential to keep an eye on announcements from the company to stay informed about the exact payment date.

Share Price History

Let’s take a quick look at IOC’s share price history:

1. June 30, 2022: IOC announced its last bonus in the ratio of 1:2. Since then, the share has been trading ex-bonus.

2. May 17, 2022: The bonus ratio was 1 share for every 2 shares held.

3. March 15, 2018: Another bonus was announced with the same ratio.

About IOC :

Indian Oil Corporation (IOC), commonly known as IndianOil, is one of the largest oil and gas companies in India. It plays a significant role in the country’s energy sector. Here are some key points about IOC:

1. Business Operations: IOC is involved in various aspects of the oil and gas industry, including refining, marketing, and distribution. It operates refineries, pipelines, and fuel stations across India.

2. Refineries: The company owns and operates several refineries, such as the ones in Mathura, Panipat, and Paradip. These refineries process crude oil into various petroleum products like petrol, diesel, and LPG.

3. Marketing and Retail: IOC has an extensive network of fuel stations (commonly known as petrol pumps) throughout India. These retail outlets sell fuel, lubricants, and other related products.

4. LPG Distribution: IndianOil is a major player in the LPG (liquefied petroleum gas) market. It supplies cooking gas cylinders to households across the country.

5. Petrochemicals: In addition to fuels, IOC produces petrochemicals used in various industries, including plastics, textiles, and pharmaceuticals.

6. Corporate Social Responsibility (CSR): The company actively participates in CSR initiatives, focusing on education, healthcare, and environmental conservation.

As an investor, understanding bonus shares and their implications is crucial. Keep an eye on IOC’s announcements, mark the record date on your calendar, and stay informed about the payment date. 

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FAQs

Q: What are bonus shares?

A: Bonus shares are like extra gifts of company ownership given to current owners as a nice gesture or to invest more profits. You get bonus shares based on what you already own, without changing how much of the company you have.

Q: How do bonus shares affect a company’s market value?

A: Bonus shares add more total shares without changing the company’s total value. The goal is to make shareholders happy without spreading ownership thin.

Q: How does IOC contribute to India’s energy landscape?

A: Indian Oil Corporation Ltd (IOCL) is a big player in shaping how India gets its energy. They refine crude oil, make petrochemicals, and sell different petroleum products. They’re also working hard to make energy use better and be friendlier to the environment.