1:10 Stock Split: Below Rs 100 FIIs-Backed Microcap Stock Surged 9%; Here’s Why

Shares of Shanti Educational Initiatives surged 9% on Wednesday even after the weak market sentiments.

The shares of Shanti Educational Initiatives, which has a market cap of Rs 1,170 crore. The stock has a 52-week high of Rs 109.40 apiece and a 52-week low price is Rs 52.01 on the BSE. The stock has delivered a multibagger return of 23 per cent in the last one month and 596 per cent in five years.

Recently, FII/FPI have increased holdings from 18.84% to 19.01% in the Dec 2023 quarter. The number of FII/FPI investors remains unchanged at 7 in the Dec 2023 quarter. Institutional Investors have increased holdings from 18.84% to 19.01% in the Dec 2023 quarter. As of the December 2023 quarter, FII holdings in Shanti Educational stood at 19.0% as against 18.8% in September 2023. Meanwhile, promoters holding stood at 64.5% as of the December 2023 quarter.

Recently the Nomination and Remuneration Committee of the company has approved the appointment of Ms.Pooja Khakhi, Associate Member of the Institute of Company Secretaries of India (ICSI) as a company secretary and compliance officer of the company also designated as key managerial personnel of the company on 14th May 2024.

Stock Split details:

Shanti Educational Initiatives' share price traded ex-split on 21st July 2022 in a 1:10 ratio. This means, that if an allotee had remained invested in this BSE SME stock after par listing, its shareholding in the BSE SME company would have grown 10 times. The BSE SME IPO was launched with a lot size of 1600 company shares. So, post-split, an allottee shareholding would have surged to 16,000.

SEIL; founded in 2009 is a venture of Chiripal Group based in Ahmedabad, India.

SEIL is a school management solutions provider and one of the fastest-growing education company that plans, builds and manages educational institutions right from play school to grade 12. They provide optimum solutions to the various challenges being faced by K-12 schools. SEIL offer strategic solutions to most of the problems faced in the various life cycle stages of K-12 school. SEIL helps to start the school that meets the vision, capital outlay and financial objective of aspiring people. They bring experience in planning, establishing, managing and reforming schools across India. Shanti Asiatic Schools is a K12 school brand of SEIL and is successfully running change to 6+ schools with over 6000 students students across India. At Shanti Asiatic Schools, we provide the perfect equilibrium of global education standards with Indian Values to the students.