InvestorQ : is it ok To Subscribe for SBI card ipo in this kind of mkt
Kamal doshi made post

is it ok To Subscribe for SBI card ipo in this kind of mkt

Answer
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7 months ago


Yes, you should subscribe. The market condition is not good due to one reason & that is a coronavirus. That's true that the listing will not give the jump as it was expected. Earlier, there was a chance of opening a gap of 40% but now as per the situation & virus has put a step in India as well, the chances are very less.

But still, I feel, you must subscribe & at least keep for 1-2 years. My view will be its a Multibagger stock & will returns to 100% in a span of 2-3 years. The basic reason is people are now getting addicted to cards & all things are getting Digitised.