8,660.2518.8
Stock Analysis, IPO, Mutual Funds, Bonds & More

SBI Cards IPO to open on March 2

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. The bidding process will close on March 5.

Reuters|
Last Updated: Feb 26, 2020, 01.55 PM IST
0Comments
Shutterstock.com
IPO shutterstock
BENGALURU: The $1.25 billion initial public offering (IPO) of SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI), will open on March 2, according to its prospectus.

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?

of 7
Next
Prev
Play Slideshow

​New kid in town

26 Feb, 2020
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)
Next

The bidding process will close on March 5.

Also Read

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

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service