InvestorQ : How has been the response to the SBI Cards IPO at the end of the third day of the IPO coming to an end?
Ria Jain made post

How has been the response to the SBI Cards IPO at the end of the third day of the IPO coming to an end?

Answer
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Anu Biswas answered.
6 months ago


After a tepid start to the IPO, SBI Cards got a stellar response in the market on the third day, despite tough market conditions. The IPO saw 15.49 times oversubscription at the end of the third day. The Institutional bidding closed on Wednesday while the non-institutional segment will be open for one more day. At the end of the third day of the IPO, the institutional portion got oversubscribed 57 times. The retail portion was oversubscribed 1.77 times and the HNI segment oversubscribed 2.19 times. The HNI portion normally gets most of its funded subscriptions on the last day of the IPO; which is the 06 of March. We could see a record build-up of oversubscriptions at least in terms of the amount; considering that SBI Cards is the fourth largest IPO in Indian history.