SBI Cards IPO oversubscribed 25.34 times so far on last day

The portion reserved for retail buyers was subscribed 2.47 times and non-institutional buyers 40.64 times.

Mar 05, 2020 10:03 IST India Infoline News Service

SBI Card
SBI Cards and Payment Services has been oversubscribed 25.34 times so far on the final day of bidding. The offer has received bids for more than 94.80cr equity shares against the IPO size of over 7.6cr shares (excluding anchor book and QIB portion), the exchanges data showed.

The portion reserved for retail buyers was subscribed 2.47 times, the qualified institutional buyers' portion was subscribed 57.18 times and non-institutional buyers 40.64 times. The shareholder's portion is subscribed 15.16 times, as per NSE.

The offer has received bids for more than 249.94cr equity shares against the IPO size of over 10cr shares (excluding anchor book over 3.66cr shares), as per the exchanges data showed.

The price band is Rs750-755 per share.

Kotak Mahindra Capital, Axis Capital, DSP Merryl Lynch, Nomura Financial Advisory, HSBC Securities and SBI Capital Markets are the book-running lead managers of the issue.

Link Intime India Private Limited is the registrar of the IPO and it will manage the allocation.

To know everything about the SBI Cards IPO click here

Related Story