A penny stock trading below ₹10 has announced another bonus share issue, and the record date is now just around the corner.
Jonjua Overseas Ltd has announced that eligible shareholders will receive 7 bonus shares for every 24 shares held.
The company has fixed September 4, 2026, as the record date.
This is reportedly the company’s fifth bonus share issue.
But before looking at the bonus, investors should also check how this penny stock has performed in recent years.
7 Bonus Shares for Every 24 Shares
Jonjua Overseas has informed the stock exchanges about its latest bonus issue.
Under the announcement, shareholders will receive 7 additional shares for every 24 shares held on the record date.
The company has fixed September 4 as the record date to determine which investors will be eligible.
This is the first bonus issue from the company in nearly three years, making the announcement notable for its existing shareholders.
Company Has Announced Bonus Shares Several Times
This isn’t the first time Jonjua Overseas has rewarded shareholders with bonus shares.
The company first issued bonus shares in 2019, giving 1 bonus share for every 25 shares held.
In 2021, it announced another bonus issue, offering 5 bonus shares for every 27 shares.
The company then went ex-bonus in 2022, when investors received 4 bonus shares for every 23 shares.
The company has now announced its latest bonus issue of 7 shares for every 24 shares.
Jonjua Overseas has also paid a dividend in the past. Its shares traded ex-dividend in 2025, when eligible shareholders received ₹0.10 per share.
Penny Stock Hits Upper Circuit
The bonus announcement comes at a time when the stock has recently seen some gains.
On Friday, Jonjua Overseas shares hit the upper circuit, closing at ₹3.91 on the BSE, after rising 5%.
The stock has gained around 10% in the past month and about 19% in six months.
However, the longer-term picture is less encouraging.
The stock has fallen around 51% in one year.
Its 52-week high is ₹8.36, while its 52-week low is ₹2.50.
The company’s market capitalisation is around ₹10.67 crore.
What Has the Stock Done in the Long Term?
Despite the recent gains, investors who have held the stock for several longer periods have seen mixed results.
The share price has fallen around 50% in two years and about 46% in three years.
However, over a five-year period, the stock has gained around 49%, according to the available figures.
As of September 2025, promoters held 57.07% of the company, while public shareholders held 42.93%.
What Should Investors Know?
A bonus issue increases the number of shares held by eligible shareholders, but it does not automatically mean that an investor’s total investment value will increase.
The market price generally adjusts after a stock goes ex-bonus.
Therefore, investors should not buy a penny stock only because it has announced bonus shares.
Jonjua Overseas is a small-cap/penny stock and its price can be highly volatile.
Investors should carefully study the company’s financial performance, liquidity and risks before taking any decision.
Disclaimer: This information is for educational purposes only and is not investment advice.
Stock market investments are subject to market risks. Consult a qualified financial adviser before investing.
