SBI Cards IPO: Price range, lot size, and expected listing date
SBI Cards is the second-largest credit card issuing country with 18% market share
Expected SBI Cards and Payment Services. An initial public offering of Rs 9,000 crore (IPO) will open for subscription on March 2.
The price is determined at 50 750-755 per share. For SBI Card IPO lot size or subscriber, the minimum number of shares has been fixed at 5 shares.
SBI Cards IPO closes on March 5
Shares of SBI Cards will be listed on the BSE on March 16, according to a Wall Street Journal report. Link Intime India Private Limited is the registrar of offers.
In filing the regulator, the SBI has said that "eligible employees" will also receive a $ 75 rebate per share.
SBI Cards will offer approximately 13 crore equity shares through offer-selling. It has sold 37,293,371 shares in SBI and holds 93,233,427 shares on Carlyle Group's offer. In addition, the company will also issue fresh equity shares of fresh 500 crores.
SBI Cards has a 76% stake in SBI Cards and the rest is with Carlyle Group.
SBI Cards is the second-largest credit card issuing country with an 18% market share.
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