Page 3 - Ipo India

SBI Cards & Payment IPO price band fixed at Rs 750-755, opens on March 2

The second largest card issuer SBI Cards & Payment Services, which is hitting the primary market with a Rs 9,000-crore initial public offering, has set the price band for the share sale at Rs 750-755. The IPO, opening on March 2 and closing on 4, comprises fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale where promoters will offload nearly 13 crore shares. Promoters SBI and Carlyle Group will offload 3.73 crore shares and 9.32 shares respectively. SBI holds 74 per cent in SBI Card and the rest by the Carlyle Group and they will pare their stakes by 4 per cent and 10 per cent respectively, SBI Managing Director Dinesh Khara told reporters kicking of the IPO roadshow. SBI Card's market share in terms of the number of credit cards outstanding is 18 per cent. The pure-play credit card company's gross NPA stood at 2.47 per cent in December 2019 compared to 2.44 per cent in March 2019 and 2.83 per cent in March 2018, he said. SBI Card managing director and

Equitas Small Finance Bank files draft papers for IPO, to raise Rs 550 cr

The equity shares of the company will be listed on the BSE and the NSE.

Puranik Builders re-files IPO papers, plans to raise Rs 1k-cr to pare debt

Edelweiss Financial Services Ltd and Axis Capital will manage the company's initial share-sale. Shares of the company will be listed on the BSE and NSE.

Medplus plans to raise Rs 700 cr via IPO to increase outlet count to 3,100

I also want to offload some stake to take care of the promoter level debt. But the amount is mainly for growth, says promoter

128 IPOs garner $5.24 billion till August this year, says EY report

Only three IPOs were launched on BSE and NSE in the third quarter of 2018 versus 11 public offerings in the same quarter of 2017