Why are the bonus shares not visible in the holdings even though the company has issues it?
Shareholders will be eligible for bonus shares only if they’ve held shares on the Ex-date/Record date or sold shares on the Ex-date/Record-date.
If the ex-date/record date for the bonus is 10th April, the stock needs to be bought on or before the 9th of April to be eligible for the Bonus. The same concept applies to Dividends as well.
If a shareholder is eligible for Bonus shares, for it to be credited to the shareholder's demat account, it generally takes 15 days from the ex-date/record date, but this depends on the RTA (Registrar & Share Transfer Agents). The shareholder will receive an SMS from CDSL when the bonus shares are credited to the demat account. The bonus shares first get credited under a temporary ISIN and will not be admitted to trading immediately. It usually takes around 4-5 days for the shares to move from the temporary ISIN to the permanent ISIN after getting the approval for trading. The bonus shares will show up on Kite only after they are approved for trading.
Until the bonus shares are credited to the demat account, the holdings in Kite/Console will show an artificial drop in P&L. Once the bonus shares are credited to the demat account, the P&L will be restored to its correct value. Zerodha shows the bonus quantity only after they are credited.
If it has been more than 15 days from the ex-date/record date and the shares are still not credited to the demat account even after being eligible for it, please create a ticket below.