Bluegod Entertainment Ltd, formerly known as Indra Industries Ltd, is creating a buzz in the stock market. The company’s stock has hit the upper circuit for 12 straight sessions, proving its strong momentum and growing investor interest.

1:10 Stock Split

The company has announced a 1-for-10 stock split. But what does that mean?

• Every ₹10 face value share will now be split into ₹1 shares.
• For every 1 existing share, investors will receive 10 new shares, increasing liquidity and market participation.
• This move will make the stock more affordable and accessible for retail investors.

After the split, the company’s authorized share capital will remain ₹56 crore, but it will now be divided into 56 crore shares of ₹1 each. The split process will be completed within approximately two months, subject to shareholder and statutory approvals.

Raised ₹48.57 Crore Through Rights Issue

Before the stock split announcement, the company took a significant financing step by raising ₹48.57 crore through a Rights Issue.

• The ratio was 15:2, meaning 15 new shares were offered for every 2 existing shares.
• The issue price was ₹10 per share.
• The record date was May 15, 2025, and the issue ran from May 23 to June 6, 2025.

After the issue, the company’s total equity shares increased to 55.05 crore, indicating a stronger financial base and improved capital structure.

Name Changed, Business Transformed

The transformation of Bluegod Entertainment truly feels cinematic. The company, founded in 2010, originally operated in the fertilizers and polymers business. But on September 5, 2024, it rebranded itself and shifted focus entirely to the film and entertainment industry.

This bold move marks a complete shift from a traditional manufacturing business to a creative, fast-growing sector, setting the stage for a new growth journey.

Stock Performance

On Thursday, the stock climbed from ₹18.88 to ₹19.25, hitting another 2% upper circuit.

Here’s how it has performed in the long term:

• 52-week low: ₹5.62
• Current price: ₹19.25
• Total return: +273.60% multibagger gain

With a market capitalization now above ₹100 crore, Bluegod Entertainment is transitioning from a small-cap player to a potential mid-cap contender.

Conclusion

Bluegod Entertainment Ltd is not just another entertainment company — it’s a story of strategic reinvention and bold transformation. From fertilizers to films, and from penny stock to market buzz, the company has shown how timing, vision, and adaptability can turn a small business into a new-age multibagger success story.