đ Penny Stocks News: Garment Mantra Lifestyle Company Sees Strong Buying
Garment Mantra Lifestyle Company’s shares are currently trading at Rs. 7, up from their IPO launch price of Rs. 16 in June 2015. The company has rewarded its investors with free bonus shares and stock splits, making them prosperous.
đ Stock Performance
On Friday, February 23, 2024, Garment Mantra Lifestyle Company’s shares closed at Rs. 7.66, marking a 4.93% increase. Investors who participated in the IPO were allotted 8,000 shares at Rs. 16 each, requiring an investment of Rs. 1.28 lakh.
đ° Benefits of Bonus Shares and Stock Splits
If you had invested in Garment Mantra Lifestyle Company’s IPO, you would have benefited from free share distributions and a stock split. On March 30, 2020, the company distributed free shares at a ratio of 1:2 to its investors. Additionally, on May 18, 2022, a stock split at a ratio of 1:10 was provided to investors.
After the stock split, investors’ shareholding in Garment Mantra Lifestyle Company increased tenfold. The distribution of free bonus shares at a ratio of 1:2 and the stock split increased investors’ shares from 8,000 to 120,000.
đ¸ Investment Growth
Garment Mantra Lifestyle Company launched its IPO at Rs. 16 per share with a lot size of 8,000. If you had invested in the IPO and held onto the shares, your investment would now be worth Rs. 9,19,200.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
