Infosys – country's second largest software services company, has played an instrumental role in putting Indian information technology prowess on the global map.
Founded by seven first-generation entrepreneurs in 1981, it made its debut on the stock market 25 years ago, in June 1993.
The initial public offer (IPO) of Infosys was not received well and got a cold response from the retail investors.
The IPO remained undersubscribed until investment bank Morgan Stanley bailed it out by buying 13% stake in the company.
Nevertheless, the IPO turned out to be a blockbuster and it's worth regretting for those who gave it a miss.
Infosys’ IPO offered per share at Rs 95 and an investment worth Rs 10,000 in the IPO is currently worth over Rs 4 crore.
A similar investment in gold on the same day would have been worth only around Rs 1 lakh today.
The share price of the company surged over the years driven by robust revenue and profit growth.
Whereas, Infosys also has a history of sharing the profits with its shareholders through distributing regular dividends and issuing bonus shares.
The company has issued bonus shares to its shareholders six times so far and has never missed on paying dividends in last 25 years.
First Published:Jun 14, 2018 1:13 PM IST