State Bank of India – Value of

Investing

- Raj Raisinghani

IPO DetailsAs of December 2013, it had

assets of US$388 billion and 17,000 branches, including 190 foreign offices, making it the largest banking and financial services company in India by assets

IPO Date – 24 Oct 1994IPO Price – 100 rupees

Current PictureThe board of directors of the bank, in a

meeting on September 24, decided to reduce the face value of equity shares of the bank from Rs 10 per share to Rs 1 per share and to increase the number of issued shares in proportion thereof," said the company in its filing.

So 1 share will be 10 shares after stock split.

The current stock price of SBI stock is 257.55 rupees

If 1 lac (1000 shares) was invested at IPO price in 1994, it would have been 1000 x 10 x 257.55, which is roughly 25.7 lacs.