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Shanti Educational Initiatives IPO investment grew to about ₹33.12 lakh
The stock, listed in June 2016 at ₹90 per share, rose to around ₹207 per share and after a 1:10 split in July 2022 the minimum lot value would be about ₹33.12 lakh, roughly 23 times the original ₹1.44 lakh.
Investing in India’s IPO market has continued to attract attention for outsized listing and post-listing gains, with Shanti Educational Initiatives highlighted as an example of long-term wealth creation. According to LiveMint Markets, the company was listed on Indian stock exchanges in June 2016, when the IPO price was set at ₹90 per share.
The IPO lot size was 1,600 shares for retail investors, and the minimum investment requirement was ₹1.44 lakh, with 50% of the issue reserved for retail. LiveMint Markets said that for an investor allocated one lot at the offer price and who kept holding, a later 1:10 stock split in July 2022 increased the share count to 16,000 without changing the investment value immediately after the split.
With the stock currently trading at around ₹207 per share, the 16,000 shares would be worth about ₹33.12 lakh, implying a gain of roughly ₹31.68 lakh over the 10-year period, excluding dividends, taxes, and transaction costs. The article also ties the performance story to improving fundamentals and operating leverage, which it says can help certain IPO names multiply early investments.
For its latest reported period, the company posted June-ending quarter results, with net profit at ₹2.82 crore that was down 2.7% year on year but up 187% sequentially. LiveMint Markets also reported revenue from operations rose 7.5% year on year to ₹16.30 crore, though it fell sequentially from ₹23.17 crore in the March quarter.