The company plans to issue new shares worth 5 billion rupees and will offer up to 130.5 million shares for sale, the prospectus, dated February 18, showed.
SBI Card IPO: Why is it being seen as a hot cake?
New kid in town
SBI Cards and Payment Services, a subsidiary of the State Bank of India (SBI), will hit the primary market with a Rs 10,350 crore initial public offering on March 2. The IPO will be the fifth biggest in India so far. With investor interest already high in the IPO, we bring you all the details you need to know before hitting 'subscribe' on the issue:
(With inputs from Yes Securities and Axis Capital)
The bidding process will close on March 5.
Download The Economic Times News App to get Daily Market Updates & Live Business News.
- SBI Card IPO subscribed 88% on Day 2
- SBI Cards IPO opens: Should you subscribe?
- SBI Card IPO to open for subscription on March 2
- SBI Cards IPO likely to disappoint investors on debut, suggests grey market
- SBI Cards IPO Allotment Status: Here’s how to check
- SBI Cards IPO: Grey market hints at low double-digit premium
1 Comment on this Story
Sameer 278 days ago
Better not to buy it