Ipo

Weak Listing For SBI Cards; Shares Fall 12% At Debut

Business | Edited by Peter Noronha | Monday March 16, 2020

SBI Cards and Payment Services shares made a weak debut in the markets on Monday, with shares listing at a discount of around 12 per cent compared with the issue price, as the worsening coronavirus scenario continued to batter the markets. The SBI Cards shares opened lower by Rs 94 or 12.4 per cent at Rs 661 on the BSE, compared to the issue price ...

SBI Cards IPO Allotment To Be Done By 13 March

Business | Edited by Abhik Deb | Wednesday March 11, 2020

SBI Card IPO: The much anticipated SBI Cards and Payments Services IPO will undergo allotment ofshares to successful applicants in their Demat accountsby 13 March, according to the listing's tentative dates. For investors who are not allotted shares, the refund process will be initiated on 12 March.

In Saudi Crackdown On Dissent In Royal Family, Fourth Prince Arrested

World News | Glen Carey and Vivian Nereim, Bloomberg | Monday March 9, 2020

The crackdown on dissent against Crown Prince Mohammed bin Salman within the Saudi royal family widened on Saturday with the arrest of a fourth prince, the New York Times reported.

SBI Cards IPO Worth Rs 10,350 Crore Subscribed Over 22 Times

Business | Edited by Abhik Deb (with inputs from agencies) | Thursday March 5, 2020

SBI Cards and Payment Services' initial public offer (IPO) got oversubscribed 22.45 times on Thursday, the last day of the bidding process, NSE data showed. The credit card arm of the country's top public lender, State Bank of India, drew bids for over 225 crore shares, compared to the nearly 10.3 crore shares on offer, according to the data.

SBI Cards IPO Subscribed Over 22 Times So Far On Last Day

Business | Edited by Abhik Deb | Thursday March 5, 2020

SBI Cards and Payment Services' initial public offer (IPO) got oversubscribed 16.43 times on Thursday, the third day of the subscription, NSE data showed. At 12:30 pm on Thursday, the issue had received bids for over 164.71 crore equity shares against IPO size of more than 10.02 crore equity shares, according to the data.

Coronavirus Panic Weighs On Blockbuster SBI Cards IPO

Business | Zhen Hao Toh, Abhishek Vishnoi and Nupur Acharya, Bloomberg | Thursday March 5, 2020

With the world reeling from one of the biggest risk sell-offs since the global financial crisis, further coronavirus-fueled declines in India may impact the IPO's over-subscription rate, which in turn may limit the premium on listing. For instance, Indian Railway Catering & Tourism Corporation's share sale in October attracted bids 112 times the IP...

SBI Cards IPO Subscribed Over 15 Times On Day 3

Business | Edited by Abhik Deb | Wednesday March 4, 2020

SBI Cards and Payment Services' initial public offer (IPO) got oversubscribed 15.49 times on Wednesday, the third day of the subscription, NSE data showed. At 6 pm on Wednesday, the issue had received bids for over 155 crore equity shares against IPO size of more than 10.02 crore equity shares, according to the data.SBI Cards is the second largest ...

SBI Cards IPO Subscribed 87% On Second Day Of Issue

Business | Edited by Abhik Deb | Tuesday March 3, 2020

The credit card arm of the country's largest lender State Bank of India (SBI)aims to raise around Rs 10,350 crore through the IPO, including new shares worth Rs 500 crore and an offer for sale of 13.05 crore shares. At 6 pm on Tuesday, the issue had received bids for 8,75,37,636 shares, compared with the issue size of 10,02,79,411 shares.

SBI Cards IPO Subscribed 87% On Day 2. Should You Invest?

Business | Edited By Abhishek Vasudev | Tuesday March 3, 2020

Bids under the SBI Cards IPO can be made in lots of 19 shares. At the higher end of price band, one lot will cost an investor Rs 14,345.

SBI Cards IPO Subscribed 31% So Far On Day 1

Business | Edited by Sandeep Singh | Monday March 2, 2020

The SBI Cards IPO received 3.11 crore bids by 3:00 pmcompared with the issue size of 10.03 crore, data from the National Stock Exchange (NSE) showed.

Sensex, Nifty Likely To Open Higher Today; SBI Cards IPO In Focus

Business | Edited by Sandeep Singh (with inputs from agencies) | Monday March 2, 2020

On Friday, the S&P BSE Sensex index had plummeted 1,448.37 points - or 3.64 per cent - to end at 38,297.29 and the broader NSE Nifty benchmark settled at 11,201.75, down 431.55 points - or 3.71 per cent - from the previous close.

SBI Cards Initial Public Offer Opens Today. Should You Subscribe?

Business | Edited by Sandeep Singh (with inputs from agencies) | Monday March 2, 2020

SBI Cards and Payment Services' initial public offer or IPO will open for subscription on March 2. SBI Cards and Payment Services, the credit card arm of the country's largest lender State Bank of India (SBI), aims to raise around Rs 10,350 crore through the IPO, including new shares worth Rs 500 crore and an offer for sale of 13.05 crore shares. ...

IPO Will Sail Through Market Turmoil: SBI Cards

Business | Indo-Asian News Service | Friday February 28, 2020

Hardayal Prasad, MD and CEO of SBI Cards, said that for qualified institutional buyers (QIBs), the subscription will close on March 4, while the issue closes on March 5. Theunder-penetrated credit card market in India gives ample growth opportunities forpure play credit card companies such as SBI Cards, he added.

SBI Cards Public Offer To Open On March 2. Should You Invest?

Business | Edited by Peter Noronha | Tuesday February 25, 2020

The Initial Public Offer (IPO) of SBI Cards will be available in the price band of Rs 750-755 per share, according to a regulatory filing by State Bank of India. A discount of Rs 75 per share will be offered to the "eligible employees" of the bank. The shares will be available for bidding in lot size of 19 shares and multiples of 19 thereafter. At ...

Increase In Public Float To 35% May See Action Next Fiscal: Report

Business | Indo-Asian News Service | Tuesday February 25, 2020

The 2019-20 Budget had said that it was the right time to consider increasing the minimum public shareholding in listed companies.