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Zudio and Westside-parent Trent shares are nearing their record date of June 4 for its first-ever bonus issue, offering shares in a 1:2 ratio to more than five lakh shareholders, with analysts commenting on whether investors should buy the stock before the record date.

Earlier in April, the Tata Group-company had announced the 1:2 bonus issue along with a Rs 6 dividend and Q4 results. The Tata Group company said it will issue one bonus share for every two shares owned as of the record date. Around 17.77 crore shares with a face value of Re 1 each will be issued as part of the offer.

Trent bonus issue record date

Initially, the company had fixed May 29 (Friday) as the record date to determine the eligibility of shareholders set to receive the payment. Later in the beginning of May, Trent revised the record date for the bonus issue to June 4 (Thursday). Trent plans to allot the bonus shares by June 21, utilising share premium worth Rs 17.77 crore. The company’s total share premium available for capitalisation stood at Rs 1,924.3 crore as of March 31, 2026.

This marks the first-ever bonus issue announced by the Tata Group company. Earlier in June last year, the company announced a dividend of Rs 5 per equity share, while it paid dividends of Rs 3.20 in May 2024 and Rs 2.20 in May 2023. In 2016, it announced a stock split in the ratio of 10:1.

Should you buy Trent shares for bonus reward?

Trent’s bonus issue is not an investment trigger by itself, explained Harshal Dasani, Business Head at INVasset PMS. He added that any investor looking at the stock purely to receive bonus shares is confusing liquidity optics with value creation. “A bonus increases the number of shares and adjusts the price accordingly; it does not change the underlying business, cash flows, or economic ownership,” he said.The real question is whether Trent’s earnings trajectory can keep justifying the valuation, Dasani highlighted, adding that the franchise remains among the strongest consumer discretionary stories in India, with store expansion, clean execution and brand recall working in its favour. “But the market has already priced in a long runway of growth. At this stage, the margin for disappointment is limited,” he added.

Existing shareholders with conviction can let the corporate action pass through, while fresh money needs to be anchored in earnings visibility and valuation comfort, not the bonus record date, according to the analyst. “Chasing the stock only for bonus eligibility is a weak investment argument,” he concluded.

Trent share price

Trent shares have fallen more than 25% in one year to close at Rs 4,224 apiece on NSE on Friday. The stock has declined over 1% so far in 2026. In the longer term, the shares gained over 175% in three years and 412% in five years.

Promoters and the promoter group held a 37% stake in the company, while the public owned the remaining 63%, as per the shareholding pattern as of March 31, 2026, on the NSE. Among promoters, Tata Sons held over 32%, while Tata Investment Corporation owned a little over 4%.

Trent Q4 Results

Trent reported a 26% growth in its consolidated net profit for the quarter ended March 31, 2026, at Rs 400 crore versus Rs 318 crore in the year-ago period. Its revenue from operations, meanwhile, rose 19% YoY to Rs 5,028 crore in Q4 FY26.

Further, Trent’s board of directors also approved the plan to raise additional funds through the issue of equity shares via rights issue or other methods. The company announced an Employee Stock Option Plan (ESOP) to issue nearly 8.89 lakh shares to its eligible shareholders.

Also read: Did LIC shares really crash 50% in one day? Here’s how the bonus math works

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Shares of MR Maniveni Foods are set to debut on the BSE SME platform on Monday, with grey market trends indicating a subdued listing performance. According to market trackers, the IPO was commanding a grey market premium (GMP) of 0%, suggesting that the shares were trading around their issue price in the unofficial market ahead of listing.

The Rs 27 crore IPO was open for subscription between May 22 and May 26, while the basis of allotment was finalized on May 27. The company fixed the issue price at Rs 52 per share, the upper end of the Rs 51-52 price band. The IPO comprised a fresh issue of 52 lakh shares aggregating Rs 27.04 crore. There was no offer-for-sale component.

Ahead of the IPO opening, the company raised Rs 7.64 crore from anchor investors through the allotment of 14.7 lakh shares.

Incorporated in 2010, M R Maniveni Foods is engaged in the processing, packaging and distribution of food products. The company primarily focuses on pulse processing and operates in the urad dal and toor dal segments. It supplies products mainly to business-to-business customers.

The company said it emphasizes quality control, modern processing techniques and supply chain management to ensure product consistency and food safety standards. As of April 30, 2026, the company had a workforce of around 16 employees.

For FY25, M R Maniveni Foods reported total income of Rs 203.5 crore, compared with Rs 155 crore in FY24. Profit after tax rose to Rs 4.13 crore from Rs 2.18 crore a year earlier. The company had total assets of Rs 41.1 crore and net worth of Rs 18.6 crore as of March 31, 2025.
The IPO proceeds are expected to support working capital requirements and general corporate purposes.The flat GMP suggests investors are adopting a wait-and-watch approach toward the issue despite the company’s steady growth in revenue and profitability. Grey market premiums are unofficial indicators of investor sentiment and do not guarantee actual listing performance.

Capital Square Advisors was the book-running lead manager to the issue, while Bigshare Services acted as the registrar. CapitalSquare Financial Services is the market maker for the IPO.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)

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Initial findings show Tongzhou Group, the company operating the privately owned coal mine, had committed “serious illegal violations”, authorities said, without specifying what they discovered. The company has not responded to the allegations and the BBC’s previous attempts to reach them were unsuccessful.

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