Stories
Jojo Limited Announces 1:1 Bonus Shares After Doubling Investor Money in Three Months
- •Jojo Limited is set to issue bonus shares in a 1:1 ratio, giving one free share for every share held.
- •The record date and allotment date for the bonus shares have been fixed as October 12.
- •The company shares have delivered a phenomenal return of 110 percent in the last three months alone.
- •In the past five years, the stock has generated a stormy return of over 17,500 percent for investors.
- •Jojo Limited operates in media, entertainment, OTT streaming, and pharma trading with a market cap exceeding Rs 1,100 crore.
Key Questions Answered
Jojo Limited is issuing bonus shares to eligible shareholders in a 1:1 ratio. The company has fixed October 12 as both the record date and the allotment date for these bonus shares, which have a face value of Rs 5.
Formerly known as Madhuveer Com 18 Network Limited and founded by Dhruvin Shah, Jojo Limited is a fast-growing media and entertainment company based in Gujarat. It operates a Gujarati OTT streaming platform, produces films, organizes live major events, and is also active in the pharma trading segment, reaching over 7 million users globally.
Jojo Limited shares have delivered phenomenal returns, including 110 percent in the last three months alone, crossing a market cap of Rs 1,100 crore. For the April-June 2026 quarter, the company reported a total revenue of Rs 4.16 crore and a net profit of Rs 1 crore.
