SBI Cards and Payments IPO begins trading at 12.5% discount on NSE
The credit card company’s Rs 10,350 IPO received an overwhelming response during its four-day share sale with a subscription of over 26 times.
The credit card company’s Rs 10,350 IPO received an overwhelming response during its four-day share sale with a subscription of over 26 times.
The issues received bids for more than 155 crore shares against the total issue size of 10 crore shares, as per the NSE data showed.
The SBI Cards IPO is the largest IPO after General Insurance Corporation of India, which started its IPO in October 2017.
While SBI owns 76% in SBI cards, Carlyle Group holds the remaining stake.
