SBI Cards stock to list today on BSE, NSE

The company had priced the initial public offer (IPO) at the top end of the Rs750-755/ share price band.

Mar 16, 2020 02:03 IST India Infoline News Service

SBI Cards
Shares of SBI Cards and Payment Services will be listed on the stock bourses today. The company had priced the initial public offer (IPO) at the top end of the Rs750-755/ share price band.

The IPO of SBI Cards and Payment Services issue received bids for 225.09 cr shares, as against 10.02 cr shares on offer. The issue was subscribed 22.45 times on the last day.

The issue opened for bidding on March 2, 2020. It closed for qualified institutional bidders (QIBs) on March 4, 2020, and it closed on 5 March 2020 for

The quota reserved for QIBs was subscribed 57.18 times with total bids for 138.52 cr shares as against 2.42 cr shares on offer for them. The non-institutional investor's category was subscribed 45.23 times. The retail individual investors (RIIs) category was subscribed 2.50 times. The employee’s category was subscribed 4.74 times. The shareholder’s category was subscribed 25.36 times.
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