India Nippon Electricals Ltd was incorporated in the year 1984 and became joint venture between Lucas Indian Service Ltd, Chennai (Tamilnadu, India) and Kokusan Denki Co. Ltd, Japan for the purpose of manufacture and sale of products mainly for the two and three wheeler industry.
In the year 1986 the company made its initial public offer of equity with a shareholding pattern as below:
The shares of the company were listed initially with Madras Stock Exchange (MSE). In order to help the general public to transact business, the company’s shares were listed at National Stock Exchange (NSE) in the year 1997 and subsequently at Bombay Stock Exchange (BSE) in the year 1999. The facility of business transactions in the equity of the company still continues at all the three stock exchanges.
The company issued Bonus Shares as below:
| Month & Year |
Basis |
| November 1993 |
1 bonus equity share for 2 equity shares held |
| March 1999 |
8 bonus equity shares for 5 equity shares held |
| December 2002 |
7 bonus equity shares for 10 equity shares held |
| September 2011 |
2 bonus equity shares for every 5 equity shares held |
