New Delhi: There is good news for investors waiting for the biggest public issue of this decade. The IPO of SBI Card and Payment Services, a subsidiary of State Bank of India, is launching on 2 March. SBI Card has also fixed the price band of its public issue. The issue price of the IPO will be Rs 750-755 per share. According to experts, this IPO will prove to be a big hit just like IRCTC.
The IPO committee of SBI Card has put its stamp on the price band. SBI employees will be given a discount of Rs 75 per share on this IPO. That is, the SBI employee will get this IPO of Rs 675.
According to the information, the size of the IPO will be 9,000 crore rupees. SBI Card will issue 13 crore shares for sale through this IPO. In this, SBI will issue 37,293,371 shares and Carlyle Group will issue 93,233,427 shares.
The IPO consists of 3,66,69,590 shares for Anchor Investors, 2,44,46,393 shares for QIB, 1,83,34,795 shares for NII, 4,27,81,188 shares for RII Investors, 1 for SBI shareholders. , 30,52,680 shares and 18,64,669 shares for employees will be put up for sale. SBI holds 76 percent stake in SBI Cards and 24 percent is held by Carlyle Group.
On March 2, SBI card shares will be listed on the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). You will get an opportunity to invest in the IPO of SBI Card from March 2 to March 5, 2020. Lot size will be 19 shares. That means retail investors will be able to invest money for a lot of at least 19 shares in the IPO. SBI Card has tied up with Kotak Mahindra Capital, Axis Capital, Nomura and SBI Capital to manage this IPO.
