State Bank of India – IPO

1. State Bank of India – Value of Investing - Raj Raisinghani

2. IPO Details As 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 1994 IPO Price – 100 rupees

3. Current Picture The 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 .