In general many stock brokers recommend JINS as a good pick for small timers.Last year JINS Board members and management had also said the same.
Eg- if you have gained a capital gain with JINS appreciation and fluctuation trend during the last few years whilst earning the dividend income too.
It will be good for new traders to learn.
Company was listed on 21st July 2008
IPO 33 Mn shares offered at Rs.12 per share on 16th June 2008
Share Issue History Prior to Listing
Record of Share Issue Issue Basis No of Shares
2006 31st December 2006 27,500,011
2007 Bonus Issue - 30th March 2007 1:3 82,500,033
2008 Share Split - 28th March 2008 1:2 220,000,088
2008 Initial Public Issue - 16th June 2008 33,000,000
JINS Dividend History:
2008 - Rs.0.50 per share
2009 - Rs.2 per share
2010 - Rs.1 per share
2011 - Rs.1 per share
2012 - Rs.1 per share
2013 - Rs.2 per share in Total (Rs.1 per share First Interim/ Rs.1 per share Final)
If Someone Invested in IPO in 1000 shares in 2008 at Rs.12 per share
Total Cost Rs.12,000
2008 Dividend = Rs. 500/-
2009 Dividend = Rs. 2,000/-
2010 Dividend = Rs. 1,000/-
2011 Dividend = Rs. 1,000/-
2012 Dividend = Rs. 1,000/-
2013 Dividend = Rs. 2,000/-
Total Dividend = Rs. 7,500/- (Within 6 years)
Which means investor would have recovered almost 62.5% of the Capital Commitment he made.
However if 10% is being deducted as With Holding Tax Real amount Recovered is Rs.6,750/-
It is 56.25% recovery of Original Capital Commitment
Company has not issued any Rights, Bonuses since the date of listing.