New Delhi, Aug. 12 -- Investing in IPOs has become increasingly prominent in recent years, as investors have been attracted by strong listing gains and post-listing returns. This has made the segment more attractive, encouraging several companies to tap the capital markets to raise funds.

However, companies with strong fundamentals, an expanding market presence, and improving operating leverage have eventually emerged as wealth creators, multiplying the investments of early investors and turning them into long-term success stories. One such stock in this regard is Shanti Educational Initiatives.

The company was listed on the Indian stock exchanges in June 2016, with its IPO price fixed at Rs.90 per share. The IPO had a lot size of 1,600...