Man Discovers SBI Shares Worth Rs.5k Bought In 1994 By Grandfather; Know The Current Value

Earlier he thought that the face value of the shares is 500 Rs but later on he corrected it as 5000 Rs. He stated that the share price opened at a premium at IPO listing and the buying price would be 5000 and not 500.

A doctor in Chandigarh got surprised after he could find investments made by his grandfather in SBI shares worth rs 5000. Dr. Tanmay Motiwala, while consolidating the family’s holdings, found such share certificates from the State Bank of India. He discovered that his grandfather had bought SBI shares worth ₹ 5000 in 1994 and had no idea why they purchased it and if they even held it.

Earlier he thought that the face value of the shares is 500 rs but later on he corrected it as 5000 rs. He stated the share price opened at a premium at IPO listing and the buying price would be 5000 and not 500.

What Is The Current Value Of 5K SBI Shares Bought In 1994?

The doctor also revealed that the SBI shares are now worth ₹3.75 lakh, which gives him 750x returns in three decades.

In a post on X, he wrote, ”My Grandparents had purchased SBI shares worth 500 ₹(Later On corrected to 5K) in 1994. They had forgotten about it. They had no idea why they purchased it and if they even held it. I found some such certificates while consolidating family’s holdings in a place.”

The power of holding equity 😊

My Grand parents had purchased SBI shares worth 500 Rs in 1994.
They had forgotten about it. Infact they had no idea why they purchased it and if they even hold it.

I found some such certificates while consolidating family's holdings in a… pic.twitter.com/GdO7qAJXXL

— Dr. Tanmay Motiwala (@Least_ordinary) March 28, 2024

”So many people asked about its valuation currently. It is around 3.75L excluding dividends. Not a big amount but yeah 750x in 30 years. Indeed is big,” he added. 

SBI Shares Current Value Calculations

Correcting his earlier post he said that, Got it from my advisor, So the share price opened at a premium at IPO listing and the buying price would be 5000 and not 500.End value stays the same. Again 3.7L or 5L is not a big amount for many people ( accounting for the 1:10 split which makes it 500 shares) 

Got it from my advisor.
So sharing it as a correction 🙏🏻
As this tweet got viral, he got it and one gentleman shared it on DM just now.

So the share price opened at a premium at IPO listing and the buying price would be 5000 and not 500.

I didn't know this part as i…

— Dr. Tanmay Motiwala (@Least_ordinary) April 2, 2024

Users Reaction On Viral Tweet

Another user also shared his similar experience about SBI shares and claimed that his grandfather had 500 shares of SBI (who was an employee) , somehow after his fathers death, he got these bonds when he was 17 later  went to a nearby share broker and after some procedure he was able to sell.

it happened with me too , my grandfather had 500 shares of SBI, he was am employee , somehow after my fathers death , I got these bonds I was 17 later went to nearer share broker and after some procedure we were able to sell, this how I started to invest in equity

— CritiqueCrusader (abki bar 650 par ) luv u mudiji (@clinic_vat34472) March 28, 2024

Whereas other users expressed happiness over the current value stating, “500 invested in 1994 is now , 3,70,000”