Smallcap media stock, Vertoz Advertising has turned ex-split and ex-bonus on July 5. The company is set to deliver double rewards to its investors namely a stock split ratio of 1:10 and a bonus issue of 1:1. Vertoz which earlier traded over Rs 680 has now split to below Rs 40, becoming cheaper for new and existing investors. One such investor is Congress party leader Rahul Gandhi whose shareholding of 260 Vertoz shares has become a whopping 5,200 shares due to bonus and split.

This smallcap is listed only on NSE. After turning ex-bonus and ex-split, Vertoz's share price ended at Rs 36.05 apiece, up by 4.95% on NSE with a market cap of Rs 1,678.30 crorePune Investment. Adjusting to the stock split and bonus ratio, the stock's new 52-week high and low are at Rs 45.25 apiece and Rs 10.90 apiece respectively.

Vertoz is currently at its Rs 36.05 upper circuit, while its lower circuit changed to Rs 32.65 apiece.

Before ex-split and ex-bonus, Vertoz shares stood at Rs 686.50 apiece.Simla Wealth Management

As per the affidavit filed by Rahul Gandhi before the Election Commission of India, his shareholding before the stock split and bonus issue stood at 260 shares in Vertoz.Jaipur Stock

But thanks to the stock split and bonus issue, the number of shares held by Rahul has risen to 5,200 equities of Vertoz. How?Agra Stock

Taking the 1:10 stock split ratio, the 260 shares of Rahul Gandhi multiplied and jumped to 2,600 shares (260x10).

Then apply the 1:1 bonus issue, his 2,600 shares after the split ratio, will receive another 2,600 bonus shares, doubling his portfolio to 5,200 shares.

Hence, Rahul Gandhi is among the biggest beneficiaries of Vertoz stock split and bonus issue.

Vertoz first turned ex-split on July 5. The stock sub-divided 1 equity share with a face value of Rs 10 each to ten smaller shares with a face value of Re 1 each. Accordingly, the stock split ratio is 1:19.

Vertoz Advertising Bonus Share:

Further, on July 5th, the stock also turned ex-bonus for a 1:1 ratio. Meaning, the company will allot 1 free bonus share on every 1 existing equity share.

On July 4th, Vertoz informed that the company name has been changed from "VERTOZ ADVERTISING LIMITED" to "VERTOZ LIMITED", after receiving requisite approvals from the Shareholders of the Company and Registrar of Companies (ROC), Mumbai.

Vertoz is an AI-powered MadTech and CloudTech platform, offering Digital Advertising and Monetization (MadTech) and Digital Identity and Cloud Infrastructure (CloudTech) catering to Businesses, Digital Marketers, Advertising Agencies, Digital Publishers, Cloud Providers, and Technology companies.

During Q4 of FY24, Revenue for the quarter was Rs. 45.66 crore in Q4 FY24, a YoY increase of 33.05%, driven by the recent merger of PayNX and Qualispace businesses. While EBITDA (excluding other income) stood at RsMumbai Investment. 6.66 crore in Q4 FY24, a YoY increase of 3.06%. EBITDA Margin was 14.58% in Q4 FY24. Investments in workforce, technology, and other expenses as part of mergers, had a bearing on margins.

Also, PAT was reported at Rs. 4.69 crore in Q4 FY24, vis-à-vis Rs. 4.10 crore in Q4 FY23, while PAT Margin stood at 10.28%.