Did Goldiam International shares really crash 24% in one day? Here’s how the bonus math works

Synopsis

Goldiam International shares appeared to fall 24% after turning ex-bonus, but the decline was purely due to the 1:3 bonus share adjustment. Adjusted for the bonus, the stock was actually trading higher. Here's how the ex-bonus price works and what investors need to know about the corporate action.

Shares of diamond jewellery maker and exporter Goldiam International turned ex-bonus on Friday, making it appear to have crashed 24% in a single day, when in reality it only adjusted to the 1:3 bonus issue.

Shares of Goldiam International opened at Rs 321.5 apiece on the NSE on Friday, sharply lower than Thursday's closing price of Rs 420.50 apiece. However, the decline was solely due to the bonus share adjustment and did not reflect any loss in shareholder value.

The stock, in reality, gained more than 3% to trade at Rs 325 apiece after adjusting for the bonus issue, as seen at 10.15 AM.

All about Goldiam International’s bonus issue

Goldiam International had said that it will issue nearly 4 crore shares amounting to Rs 7.53 crore as part of the bonus issue, using its capital redemption reserves (CRR), securities premium account, free reserves, or retained earnings available as of March 31, 2026. On that date, the company’s CRR stood at Rs 5.67 crore, while the securities premium account balance stood at Rs 196 crore and free reserves at Rs 311 crore.

The bonus shares will be credited by July 25 this year. A bonus issue consists of free shares distributed by a company from its reserves and is often seen as a sign of strong financial health and growth prospects. While the issue of bonus shares increases the total number of outstanding shares, it does not change the company’s market capitalisation. However, it can improve liquidity and affordability, allowing more investors to add the company’s shares to their portfolios.

Notably, this is the first bonus issue announced by the diamond jewellery maker in around 21 years, according to data from Trendlyne. The record date was fixed on July 10. This means that investors taking fresh positions today will not be eligible to receive the bonus shares.

Also read: Bonus issue alert! Last day to buy Goldiam International shares for 1:3 bonus reward. Do you own?

Goldiam share price

In the longer term, the shares of the diamond jewellery maker and exporter have delivered 22% returns over one year and a whopping 227% returns over three years. The company currently has a market capitalisation of nearly Rs 4,784 crore.

Goldiam Q4 results

Also read: Ather Energy shares rally 270% in one year, but Nomura sees 22% more upside. Here’s why

The company said it delivered a superior performance in FY26 despite US tariffs and volatile gold prices.

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

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