InvestorQ : What will be the market capitalization of SBI Cards when it lists in the stock exchange in the middle of March?
Dhwani Mehta made post

What will be the market capitalization of SBI Cards when it lists in the stock exchange in the middle of March?

Answer
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Khushi Patel answered.
7 months ago


The SBI Cards is predominantly an offer for sale with a small fresh offer open between March 03 and March 05. If you consider the price for the issue, the valuation for the listing will be approximately Rs.70,000 crore. OF course, if the listing is a premium listing then the valuation could be a lot more. But even if it lists around the issue price, its market will be more than companies like Mahindra & Mahindra as well as JSW Steel. It will ideally look at a premium listing with a target market cap of more than Rs.100,000 crore over a period of time.