Cupid stock soars nearly 5% on allotting 4:1 bonus shares today; check details

As of 11:54 AM, the stock was trading 1.69% higher at ₹93.15 per equity share.

The scrip advanced 21% in the past week and 7% over the month. On a year-to-date basis, however, it has declined 11%.

While the stock hit its 52-week high of ₹105.29 on January 2, 2026, it touched a year’s low of ₹11.15 apiece on April 7, 2025. It touched both the 52-week high and low before trading ex-bonus issue.

Cupid bonus share issue

The company’s board of directors had approved the proposal for the issuance of bonus equity shares in the ratio of 4:1 at a meeting held in January.

After receiving shareholder approval at its Extraordinary General Meeting held on February 24, Cupid’s board had fixed Monday, March 9, as the record date for the bonus share issue and Tuesday, March 10, as the date of allotment.

The stock turned ex-record date yesterday, Monday, March 9.

Under the proposal, eligible shareholders shall be allotted four fully paid-up equity shares of ₹1 each for every one existing fully paid-up equity share of ₹1 they own.

In a regulatory filing, the company has noted that it will allot 107,57,28,560 fully paid-up bonus equity shares.

Companies issue bonus shares to reward existing shareholders by giving them additional shares for free, based on the number they already own, analysts said.

In a regulatory filing dated January 29, the company said that the board of directors' decision to recommend the bonus issue followed a comprehensive evaluation of its capital structure, growth trajectory, and shareholder base composition.

“The move is designed to achieve multiple strategic objectives aligned with the Company's capital allocation framework. The bonus issue is expected to improve stock affordability by proportionately reducing the per-share price, thereby making Cupid's equity more accessible to retail investors,” it had noted.

Cupid added that it anticipated the enhanced accessibility to broaden its investor base and encourage greater retail participation in its equity.

Commenting on the Bonus Issue, Aditya Kumar Halwasiya, Chairman & Managing Director of Cupid Ltd, had said: “Today’s decision is both a reward and a responsibility. The Board evaluated this bonus issue thoughtfully, keeping long-term value creation at the center. A 4:1 bonus issue supports broader retail participation by improving affordability, while also enhancing flexibility for our existing shareholders. Most importantly, it reflects our confidence in Cupid’s growth journey and our commitment to laying a strong foundation for the next phase of scale.”

Cupid has a total market capitalisation of ₹12,397.77 crore as of March 10, 2026, according to NSE data.