Nuvama Wealth First Stock Split in History: All Details You Must Know

Nuvama Wealth Stock Split is around the corner, and anyone who wants to be part of this first-ever stock split of the company must know that the record date for determining shareholders’ eligibility for the stock split has been announced, and it is 26 December 2025. 

Before digging into the details of he stock split Nuvama Wealth, let’s understand a few basic aspects of a stock split. 

What is a Stock Split?

A stock split is a corporate action that increases the number of shares in the company without increasing the capital base. Thus, the number of stocks is divided into smaller units, which increases the total number of outstanding shares of a company. The impact of a stock split is a decline in the per-share price, without affecting the total market capitalisation of the company. 

A stock split is usually done to make the company’s shares more affordable and to attract more investors, especially retail investors. 

In a stock split or any similar corporate action, a record date is crucial for every investor. This is the date on which the eligibility of the shareholders is determined for the stock split. In the Nuvama Wealth stock split, the date has been decided as 26 December 2024. 

Now, to be eligible, a shareholder must hold the shares of the company as on the record date. So, to be eligible for the Nuvama Wealth stock split, you need to purchase the stocks of the company by 24 December, as 25 December is a holiday in the Indian stock market for Christmas. As the t+1 settlement cycle is followed, if you purchase on 24 December, then on 26 December, it will reflect in your account, making you eligible for the stock split. 

Details of Nuvama Wealth Stock Split 

The Nuvama Wealth stock split was approved by the Nuvama Wealth management in the previous month. Here are the details you must know – 

• Stock Split Ratio: 1:5 – This means if you hold 1 Nuvama Wealth share on the record date, you will receive 5 shares after the stock split. Each of the fully-paid equity shares will be divided into five shares. 
• Face Value: The face value of each Nuvama Wealth share will be reduced to ₹2 from the current face value of ₹10 per share. 
• Current Fully paid-up equity shares: 385.69 crore

Effect on Nuvama Wealth Share Price 

This is Nuvama Wealth’s first-ever stock split. While the impact of a stock split may not be there on the business or company fundamentals but the Nuvama Wealth share price would be impacted significantly. This, in turn, can affect the trading patterns for the company as well as the valuation metrics. 

The current price of the Nuvama Wealth share is around ₹7060 per share, which has declined close to 4% in the past month post the stock split announcement. In the past year, it has offered around a 2.7% return, and today the stock is 3.36% down. 

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Source: https://www.livemint.com

Disclaimer: Investments in the securities market are subject to market risks; read all the related documents carefully before investing.