IGL Sets January 31 as Record Date For Bonus Issue

Indraprastha Gas Limited, a company that supplies natural gas to homes and businesses, has announced a 1:1 bonus issue with January 31, 2025, set as the record date. This move highlights the company’s commitment to enhancing shareholder value and reflects its confidence in future growth.

What is a Bonus issue?

A bonus share issue is when a company gives additional shares to existing shareholders at no cost. The shares are given based on the number of shares the shareholder currently owns. 

Bonus Shares Approval

In earlier letters, the company informed about the approval to issue bonus shares in the ratio of 1:1. This means shareholders will receive one extra share for every share they already own.

This is IGL’s first-ever bonus issue, making it the first among its peers to offer bonus shares. Neither Mahanagar Gas nor Gujarat Gas has announced such a proposal before.

IGL Managing Director Kamal Kishore Chatiwal said “The bonus share issue shows our ongoing focus on creating long-term value for shareholders. It reflects our belief in the company’s potential to grow and rewards our investors for their continued trust and support.”

Record Date and Allotment

The Record Date to check who is eligible for the bonus shares is Friday, January 31, 2025. The shares will be allotted on Monday, February 3, 2025. 

About IGL

Indraprastha Gas Limited (IGL) is a company that supplies natural gas to homes, businesses and vehicles in Delhi and nearby areas. Founded in 1998, it promotes cleaner and eco-friendly fuel alternatives. IGL serves hotels, restaurants, malls, hospitals and institutions while ensuring a safe, reliable and cost-efficient gas supply. It is a joint venture between GAIL, BPCL and the Delhi government which owns a 5% stake.

IGL Share Performance 

As of January 22, 2025, at 12:55 PM, With a market capitalisation of Rs. 27,821.53 crores, IGL shares are trading at ₹380.50 per share, down 3.85% from yesterday’s closing price. Over the last month, the stock has fallen by 2.46% and over the past year, it has dropped by 7.26%. The stock has a 52-week high and 52-week low of ₹570 per share and ₹306 per share respectively.

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