Multibagger stock hit 52-week high as Board announces 3 free shares for every 7 held

DSIJ Intelligence-1 / 25 Aug 2025/ Categories: Bonus and Spilt Shares, Multibaggers, Trending

The stock has given multibagger returns of over 140 per cent from its 52-week low of Rs 130.70 per share.

Today, shares of Upsurge Seeds of Agriculture Ltd gained 1 per cent and hit a fresh 52-week high of Rs 314.40 per share from its previous closing of Rs 311.30 per share.

The Board of Directors has approved a bonus issue for equity shareholders in a 3:7 ratio, meaning that for every 7 existing shares, 3 new fully paid-up equity shares will be issued. This will increase the number of shares from 70,59,800 to 1,00,85,428, with the total paid-up share capital rising from Rs 7,05,98,000 to approximately Rs 10,08,54,280. The bonus shares, which have a face value of Rs. 10 each, will be issued out of the company's free reserves as of March 31, 2025. The company will utilise Rs 3,02,56,280 from its reserves to implement this. The shares are expected to be credited or dispatched to eligible shareholders within 60 days of the board's approval, with a target date of no later than October 20, 2025.

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Upsurge Seeds of Agriculture Ltd, established in 2017, operates in the agricultural sector, primarily focusing on the production of a wide array of seeds on leased land. An ISO 9001:2015 certified entity, USAL is involved in manufacturing, importing, exporting and supplying agricultural seeds, boasting a portfolio of 75 crop varieties sold under its "USA Seeds" brand. The company holds seed licenses in Gujarat, Maharashtra and Rajasthan and its extensive product profile includes various seeds such as Bajra, Black Gram, Coriander, Cumin, Groundnut, Mustard, Onion and Wheat, among many others.

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The promoters of the company hold 71.15 per cent stake and the remaining stake of 28.85 per cent is held by public shareholders. The company has a market cap of over Rs 100 crore and has delivered good profit growth of 108 per cent CAGR over the last 5 years. The stock has given multibagger returns of over 140 per cent from its 52-week low of Rs 130.70 per share.

Disclaimer: The article is for informational purposes only and not investment advice.