Man discovers his grandparents bought SBI shares for Rs 500 in 1994. What they are worth today

Tanmay Motiwala's grandparents bought SBI shares worth Rs 500 in 1994. (Image: @Least_ordinary/X)

A doctor from Chattisgarh took to X (formerly Twitter) to share his excitement after stumbling upon some shares that his grandparents had bought. Tanmay Motiwala, a pediatric surgeon, was consolidating his family holdings in a place when he discovered the pleasant surprise. According to him, they had purchased State Bank of India (SBI) shares worth Rs 500 in 1994.

Motiwala said that his grandparents had long forgotten about it. As per the doctor, the shares were now worth Rs 3.75 lakh, that means they gave him a 750x return in 30 years. “The power of holding equity. My grandparents had purchased SBI shares worth Rs 500 in 1994. They had forgotten about it. In fact, 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 place. (Already had sent for converting them to demat),” he wrote while sharing a picture of the share certificate.

The power of holding equity

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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

“It is around 3.75L excluding dividends. Not a big amount but yeah 750x in 30 years. Indeed it is big,” he wrote in a separate tweet and also mentioned the process to convert family stock certificates into demat.

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.

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How did I convert my family stock certificates into demat?

Seems like so many people are facing this issue. We actually took…

— Dr. Tanmay Motiwala (@Least_ordinary) March 29, 2024

Motiwala further revealed that he planned on holding the shares for now as he is not in need of quick cash.

Meanwhile, his post went viral with over 8 lakh of and saw hundreds comments from social media users.

"Investments are best when forgotten," one user wrote. Another user commented, "That is some legacy stuff there."

"I stumbled upon these incredible JBM Tools shares, all 40,000 of them! Can you imagine? The best part is, I had never even heard of JBM Tools before. And now, it's like a dream come true! I can hardly contain my excitement over this unbelievable fortune!" a third user remarked.

"Sometimes the best investments are the ones which you don’t track," a fourth user added.

However, a section of social media users also questioned the valuation of the shares as the post garnered traction.