The issue, priced in the range of Rs 162–171 per share, aims to raise about Rs 926 crore, comprising a fresh issue of Rs 850 crore and an o...

The company had fixed a price band of Rs 750-755 per share for the IPO.

Analysts on Thursday tempered expectations of big listing gains from SBI Cards

SBI Cards is expected to get listed early next week.

SBI Cards & Payment Services Ltd. had received orders for 15.5 times the shares on offer by Wednesday.

It received bids for 1,67,66,44,322 shares compared with the issue size of 10,02,79,411 shares.

The company has already raised Rs 2,769 crore from 74 anchor investors, including 12 mutual funds.

According to the company, SBI Card IPO saw record 8.52 lakh applications on the first day.

The company plans to raise up to Rs 10,341 crore by selling 13.71 crore shares at the upper end of the Rs 750-Rs 755 price band.

The management is confident that the IPO will sail through amid the ongoing market conditions.

Hardayal Prasad of SBI Card says the company has performed consistently in terms of top-line and bottom-line growth over the past three yea...

Under normal circumstances, an IPO is open for subscription for a minimum period of three and a maximum of 10 working days under certain ci...

Given the incremental negative news flow on the spread of coronavirus, the overall sentiment for metals would remain a bit subdued for a lo...

Shares of SBI Cards will be listed on BSE and NSE both on or around March 16.

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 Febr...

The issue will open for subscription on March 2 and close on March 5.

The company will offer up to 13.05 crore equity shares via the offer for sale route, according to the draft red herring prospectors (DRHP).