What is the present worth of Rs. 10,000/- invested in ITC IPO?
India Tobacco Company Limited - ITC Limited
ITC Limited is an Indian multinational conglomerate company headquartered in Kolkata, West Bengal. Established in 1910 as the Imperial Tobacco Company of India Limited, the company was renamed as the India Tobacco Company Limited in 1970 and later to I.T.C. Limited in 1974.
- Bonus 1978 - (1:5) = 4,000
- Bonus 1980 - (1:5) = 4,800
- Bonus 1989 - (1:1) = 9,600
- Bonus 1991 - (3;5)= 12,800
- Bonus 1994 - (1:1) = 25,600
- Bonus 2005 - (1:2)= 38,400
- Face value 10 to 1 = 3,84,000 ( stock split in 2005)
- Bonus 2010 - (1:1) = 7,68,000
- Bonus 2016 - (1;2)= 11,52,000
Present price per share is 207 rs. hence total amount will be
11,52,000 * 207 rs = 23,84,64,000/- rs
Apart from this ITC ltd company give consistent dividend that income is additional to this 23.8 Cr.In Just 50 years the invested money was multiplied by 23,846 times. this is power of compounding.
Invest and Become Rich
But Investing Rs. 10,000/- in 1970 was easy?
No, its not because 10,000/- rs. in 1970 was equal to around 4,25,000/- rs. in 2021.
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