RedTape shares 3:1 bonus issue record date tomorrow

Shares of RedTape may see increased attention on Monday as the shoe manufacturer had announced a 3:1 bonus share issue for its shareholders, earlier in December, fixing January 3 as the record date.

“With reference to the captioned subject, and pursuant to the provisions of Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations. 2015, we wish to inform that the Company has fixed the “Record Date™ as Tuesday, 04" February 2025 (T Day),” the company informed the exchanges later via a filing in January.

Additionally, it was informed that the date of allotment of the bonus shares will be February 5.


On a pre-bonus basis, the paid-up equity share capital of RedTape stands at Rs 27.64 crore divided into 13.82 crore shares of Rs 2 each, which will become Rs 110.56 crore divided into 55.28 crore shares of Rs 2 each.

A 3:1 bonus share issue means that for every 1 share held by an investor, the company will issue 3 additional shares for free.

RedTape bonus history

This is the first ever instance of the company issuing bonus shares to its shareholders, according to the Trendlyne data.

RedTape share price history

In the last one year, the shares of RedTape increased by 12.25% in the last one year, and by 2.4% in the last 6 months. However, the shares have fallen by 16.7% on a year-to-date basis. The same has tumbled by 23.8% in the past 3 months, according to the BSE analytics.

On Saturday, RedTape shares closed 7% higher at Rs 722 on the BSE.

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