InvestorQ : Do you see the recent crash in the market impacting the IPO response to SBI Cards? Should I apply for the IPO or wait?
Anjana Aiyar made post

Do you see the recent crash in the market impacting the IPO response to SBI Cards? Should I apply for the IPO or wait?

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Arya Nanda answered.
9 months ago
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If you look at the recent allotment of shares to the anchor investors worth Rs.2800 crore, the response appears to be quite overwhelming. That means; the retail appetite will also be quite good. Most investors go by the familiarity and trust that they carry in the SBI brand name and that is what matters to them. The allotment to the anchor investors has happened at the top end of the price band at Rs.755. Despite the crash in the markets on Friday, the investment bankers have confirmed that the demand for shares was much larger than the shares available on offer. Hence, the impact on the IPO demand is unlikely to be too huge. Since institutional interest is already there, retail investors will feel a lot more comfortable investing in the IPO.

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