Conforge Ltd, a leading IT service provider has announced its first stock split. The company has decided to divide each share into 5 shares. This means every share will be valued at Rs 2. This decision is taken to enhance liquidity and make the stock more accessible to retail investors.
Conforge announces first-ever stock split
The IT company Conforge has announced its first stock split in 1:5 ratio. This decision is subject to shareholder approval and once approved record date will be announced. It is expected that the whole process will be completed within 3 3-month timeline.
Conforge Share Price in Today’s Market
As of 5th March 2025, the share price has seen a 9.22% jump. This shows strong investor sentiment. The share price opened at Rs 7531.05 today. The current UC limit is at Rs 8294.20 and the LC limit is at Rs 6851.85. The company’s current total market capitalization is standing around Rs 52810 Crore.
Impact on Current Investors
After the split Conforge will have 33.43 Crore outstanding shares from 6.68 Crore. Also, price adjustments will be done. If the stock price remains at Rs 7215 on the record date it will be adjusted to Rs 1443 per share after the share split. This also means investors will hold 5X shares post-split. For example, if an investor currently has 100 shares of Conforge, after the split is done he will hold 500 shares.
Market Reaction
As of today, 5th March 2025 COnforge shares are experiencing volatility. Yesterday shares closed at 1.9% lower at Rs 7215. But still, the company remains optimistic about future growth because of strategic acquisitions and partnerships being made.
Recent News on Conforge
Recently Conforge has acquired 100% stakes in Rythmos Transactions, an IT services company based in the US. This deal cost 30 million dollars to Conforge. This acquisition will strengthen the company’s presence in the S IT market.
Future Growth Expectation
The acquisition of Rythmos Transaction and Stock Split announcement has a significant shift in its strategy to enhance market presence and accessibility. As the company navigates through current market challenges it will expect to grow with promising numbers which will surely appeal to a broader investor base.
