InvestorQ : Can you tell me the highlights of the SBI Cards IPO and is it better to buy SBI or apply in the SBI Cards IPO?
Priyanka N made post

Can you tell me the highlights of the SBI Cards IPO and is it better to buy SBI or apply in the SBI Cards IPO?

Answer
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NISHA Nayak answered.
7 months ago


That is an interesting question and let me try and answer that. SBI Cards IPO will open on March 02nd and close on March 05th. The issue has been priced in the band of Rs.750-755 and the final price will be decided through the process of book building. The issue will raise Rs.10.354 crore of which Rs.500 crore will be way of fresh issue of shares and Rs.9,854 crore will be way of offer for sale. Post the IPO, the stake of SBI in SBI cards will reduce from 74% to 69.51%. The IPO values SBI Cards at Rs.70,000 crore at the IPO price and the markets are already expecting a strong listing on March 16th. This is also expected to improve SBI’s SOTP valuations in the market. Now I come to your question, to buy SBI or SBI Cards. I think, while SBI is a good long term investment, you can buy SBI Cards for listing gains. It is also the first listed credit card stock in India.


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Purvesh answered.
7 months ago


This is one of the biggest IPO to be listed. I expect the listing gains of 30-40%. Please do subscribe.