Page 7 - Sbi Cards

SBI Cards IPO subscribed 15.15 times so far on third day of bidding

SBI Cards expects to raise around Rs 10,355 crore through the IPO

SBI Cards IPO subscribed 2.51 times so far on third day of bidding

The initial public offer (IPO) received bids for 25,12,78,800 shares against the total issue size of 10,02,79,411 shares, as per NSE data till 1200 hrs

NBFCs' plan for SBI Cards IPO goes awry amid coronavirus outbreak

Anticipating huge demand from wealthy investors, financial firms had borrowed heavily. However, they now fear their funds could remain underutilised

SBI Cards IPO: This one's for high net-worth individuals, but has its risks

Listing gains may be limited, if the issue is subscribed multiple times

Market Ahead, March 3: All you need to know before the Opening Bell

Today is the second day for SBI Card's IPO. Despite the volatility in the market, the Rs 10,350-crore initial public offering of SBI Cards and Payment Services was off to a good a start on Monday

SBI Cards IPO: New guidelines likely to restrict multiple FPI bids

The 2019 operating guidelines for FPIs also prescribe a separate registration for proprietary derivative investments and ODI activities of an FPI

SBI Cards IPO subscribed 39% on first day of bidding, raises Rs 2,769 crore

The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of 13,05,26,798 equity shares

Planning to subscribe SBI Cards IPO? Here's all you need to know

Unlike others of its kind, the subscription window for the IPO will remain open for 4 days, which will be from March 2 to March 5

Market Ahead, March 2: Top factors that could guide markets this week

In the primary market, the initial public offer of SBI Cards and Payment Services will open today. The company expects to raise around Rs 10,341 crore from the IPO

SBI Cards IPO opens today. Should you subscribe? Check what brokerages say

Analysts at Motilal Oswal said that SBI Cards' strong growth, stable asset quality, and superior return ratios provide comfort and justify the premium valuation

Street signs: SBI Cards IPO, large-sized advisors eye mergers, and more

The grey market premium for SBI Cards and Payment Services has seen some moderation following a 7 per cent crash in the stock markets last week

SBI Cards allots shares worth nearly Rs 2,800 crore to anchor investors

The SBI Cards IPO will be a test for investor appetite, which has been battered by the coronavirus outbreak.

SBI Cards IPO: Why analysts suggest subscribing despite rich valuation

Siddharth Purohit of SMC Global Securities believes that given the stable RoE of 30% valuation, in terms of P/E ratio is likely to come down to 31x and 22x in FY21 and FY22, respectively from 43x.

With stellar returns, SBI Cards a good bet despite premium valuation

SBI Cards has an 18 per cent market share in terms of outstanding number of cards, as of November 2019

SBI Cards IPO opens March 2: All you need to know about the $1.4 bn offer

No multi-bagger like IRCTC, but can deliver 50% listing gains, says Ambareesh Baliga, an independent market expert

SBI Cards IPO: Price band fixed in the range of Rs 750 to Rs 755 per share

At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fourth-largest domestically

Planning to apply for SBI Cards IPO? Check out the eligibility criteria

Normally, IPOs are open for subscription for three days but SBI Cards IPO will run for four days. The first three days, i.e. from March 2 to March 4, the issue will be open for all bidders

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

SBI Cards aims to keep non-performing assets at 2.4-2.5%: CEO Prasad

Gross non-performing assets stood at 2.47% at the end of last year, down from around 2.9% in March 2018

Street signs: SBI Cards IPO, ESG funds get stewardship push, and more

Brokers say many wanting get to their hands on the country's second-largest credit card company have bought shares of parent State Bank of India (SBI) from the secondary market in recent weeks.