Last Day to Buy This 580% Multibagger Small-Cap Stock Ahead of Stock Split

Investors looking to participate in an upcoming stock split have only one trading session left, as today marks the final day to purchase shares of a small-cap company before its record date. Under SEBI's T+1 settlement cycle, shares must be bought at least one trading day before the record date to ensure they are credited to investors' demat accounts and become eligible for the corporate action.

The company has announced a 2:5 stock split, aiming to improve share liquidity and make the stock more affordable for retail investors. Although a stock split does not change the company's market capitalisation or the total value of an investor's holdings, it increases the number of outstanding shares while proportionately reducing the share price, often improving trading activity.

The stock has remained one of the standout performers among small-cap stocks, delivering a remarkable 580% return over the past three years, despite witnessing some correction in 2026. The company has now fixed July 21, 2026, as the record date, making Monday, July 20, the last day for investors to purchase shares and qualify for the stock split.

Which Company Is Announcing the Stock Split?

The company is Pondy Oxides & Chemicals, one of India's leading manufacturers of secondary lead, lead alloys and plastic additives. Earlier this year, the company's board approved a 2:5 stock split, under which two equity shares with a face value of ₹5 each will be split into five equity shares with a face value of ₹2 each.

According to the company, the objective behind the stock split is to enhance liquidity, increase retail investor participation and improve affordability by lowering the market price per share following the split.

Why Today Is the Last Day to Buy

According to SEBI's T+1 settlement mechanism, investors must buy shares at least one trading day before the record date to become eligible for any corporate action.

Since July 21, 2026, has been fixed as the record date, investors purchasing shares today will have them credited to their demat accounts in time to qualify for the stock split.

Stock Split Details

Particular	Details
Company	Pondy Oxides & Chemicals
Stock Split Ratio	2:5
Old Face Value	₹5
New Face Value	₹2
Record Date	July 21, 2026
Last Day to Buy	July 20, 2026

Following the stock split, the company's authorised share capital will expand from approximately 4.03 crore shares to 10.07 crore shares, while the overall market capitalisation will remain unchanged.

What Does the Stock Split Mean for Investors?

A stock split increases the number of shares held by investors while proportionately reducing the market price per share. However, the overall value of the investment remains the same immediately after the split.

For example, if an investor owns 200 shares priced at ₹100 each, the investment is worth ₹20,000. After the 2:5 stock split, those holdings would become 500 shares priced at ₹40 each, leaving the total investment value unchanged at ₹20,000.

The primary objective of a stock split is to make shares more accessible to retail investors and improve trading liquidity without affecting the company's fundamentals.

Pondy Oxides & Chemicals Share Price Performance

While Pondy Oxides & Chemicals has witnessed some profit booking in recent months, the stock continues to deliver strong long-term returns.

The shares have declined more than 5% over the past week and are down around 11% in 2026 so far. However, the stock has gained over 1% in the last one month, delivered 37% returns over the past year, and generated an impressive 580% return in the last three years.

Share Price Performance

Period	Return
1 Week	More than -5%
1 Month	Over 1%
2026 YTD	Around -11%
1 Year	37%
3 Years	More than 580%
Market Capitalisation	₹4,120 crore

Company Overview

Pondy Oxides & Chemicals Ltd is one of India's largest manufacturers of secondary lead, lead alloys and plastic additives. The company supplies products to industries including automotive batteries, industrial batteries, chemicals and recycling, and has expanded its presence in value-added lead products over the years.

1. Why is today the last day to buy this stock?

Today is the final trading day because the company has fixed July 21, 2026, as the record date for its stock split. Under SEBI's T+1 settlement cycle, investors must purchase shares at least one trading day before the record date to become eligible.

2. Which company is announcing the stock split?

The company is Pondy Oxides & Chemicals Ltd, which has announced a 2:5 stock split to improve share liquidity and make the stock more affordable for retail investors.

3. What is the stock split ratio?

The company will split two equity shares of ₹5 each into five equity shares of ₹2 each, increasing the number of outstanding shares without changing the overall value of shareholders' investments.

4. Has the stock delivered strong returns?

Yes. Despite being down around 11% in 2026, the stock has delivered 37% returns over one year and has surged more than 580% over the last three years, making it one of the notable small-cap multibaggers.

5. Does a stock split increase the value of my investment?

No. A stock split only increases the number of shares while proportionately reducing the share price. The overall value of your investment remains unchanged immediately after the corporate action.