Sparking a micro-cap stock opening on the Sprayking, which is mainly engaged in the business of trading & exporting, is splitting its stocks to make its shares more affordable and boost liquidity.
The company on 29th July announced the record date for the stock split.
Stock Split Details
As per the company’s filing with the stock exchanges on July 29, “We wish to inform you that pursuant to Regulation 42 of the SEBI (LODR) Regulations, 2015, the Board of Directors of the Company passed the Resolution at the Board Meeting held today, July 29, 2025, and fixed the ‘Record Date’ on ‘Tuesday, August 12, 2025 for the purpose of sub-division/split of each equity share having a face value of Rs. 2/- (Rupees Two only) each, fully paid-up into two (2) equity shares having a face value of Re. 1/- (Rupee One only) each fully paid-up.”
What is the 2:1 stock split?
If a shareholder owns 100 shares of Rs. 2 each, they will now hold 200 shares of Re. 1 each after the split. The overall value of the holding remains unchanged, but the stock becomes more affordable, which can potentially attract more retail investors and enhance trading volumes. While stock splits are not guaranteed to raise the share price, they often generate short-term interest and improve liquidity, especially in micro-cap stocks like Sprayking.
Sprayking Share Price Trend
Despite announcing a stock split, Sprayking shares have remained under selling pressure. As of the market close on August 1, the stock was priced at Rs. 5.04, declining 4.36% in a single day. Over the last month, the stock has fallen 16.14%, while the year-to-date performance shows a massive drop of 52.05%.
Sprayking shares are down 72.89% over the past 1 year, highlighting investor concerns. However, over a 5-year period, the stock still shows a gain of 500%.
With a market capitalisation of just Rs. 53.26 crore as of August 1, Sprayking remains in the micro-cap category.
About Sprayking Agro Equipment Ltd.
Sprayking is primarily engaged in the trading and export of brass products, catering to industries such as sanitation, agriculture, and irrigation. Their product line includes brass sanitary fittings, brass agriculture items, and various precision components made from brass. The company exports to international markets and also services domestic industrial clients, making it a niche player in the brass components and equipment space.