Zhen Hao Toh Abhishek Vishnoi And Nupur Acharya Bloomberg

Coronavirus Panic Weighs On Blockbuster SBI Cards IPO

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...