Pidilite Industries shares fall after adjusting for 1:1 bonus issue

Shares of adhesives manufacturer Pidilite Industries Ltd. begun trading adjusted for their bonus issue Tuesday, September 23. The stock has declined in early trading on Tuesday.

Today is the record date for the bonus issue of shares announced by the company earlier.

This means that shareholders who had shares of Pidilite Industries as of closing on Monday in their demat accounts, will be eligible for the bonus issue of shares. Those purchasing the shares today, will not be eligible.

Pidilite Industries had announced a 1:1 bonus issue along with its June quarter results. This means that shareholders will be entitled to one bonus share for every one share that they held as on the record date.

For example, if you had 100 shares of Pidilite as of Monday's close, you will be entitled to receive 100 bonus shares as part of the 1:1 ratio, taking the total tally to 200 shares, while the value of your shares will remain the same, as the share price adjusts proportionately to the bonus issue ratio.

Pidilite had announced its first bonus issue of shares after 15 years, having earlier declared a 1:1 bonus back in 2010.

Shares of Pidilite Industries fell 0.5% on Tuesday to ₹1,511 after the adjustment. The stock is down 2.5% in the last one month and has not done much in 2025 either, with gains of only 6%.