InvestorQ : How do you see the response to the SBI Cards IPO? Will it be negatively impacted by the recent crash in the markets?
Neelam Naik made post

How do you see the response to the SBI Cards IPO? Will it be negatively impacted by the recent crash in the markets?

Answer
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Priyanka N answered.
6 months ago


I think the response should be good as we are seeing a stable and profitable IPO from a very well known brand.

SBI Cards IPO will open on March 02nd and will remain till March 05th. The IPO comes at a time when the global markets have been in the midst of tumult.

The good news is that SBI Cards has managed to find a lot of interested buyers for its shares among the anchor investors and its Rs.2800 anchor issue actually got substantially higher interest. Considering the strong brand value of SBI and the strong QIB support, most retail investors and HNIs are likely to be interested in the SBI Cards IPO irrespective of the state of the market.

Since SBI has a huge army of captive customers, close to 44 crore banking customers, and strong corporate and institutional relationships, the issue should sail through quite smoothly.