The price band for the IPO is Rs 295 to Rs 300 per share. At the IPO price, the firm is valued at Rs 800 crore
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.
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fourth-largest domestically
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
Market sources said the IPO size will be worth Rs 700 crore
Promoters SBI and Carlyle Group will offload 3.73 crore shares and 9.32 shares respectively
SBI Cards is the second-largest credit card issuer in India, with an 18.1 per cent market share of the market as of November 2019
The company plans to issue new shares worth Rs 500 crore and will offer up to 130.5 million shares for sale
Khuntia also asked insurance companies to "weed out" loss-making products and concentrate only on the better paying ones
The proposed listing will help the government in achieving its disinvestment target of Rs 2.1 trillion for 2020-21
All India UTI AMC Officers' Association approaches Sebi, says draft prospectus does not highlight contingent liabilities
The entire IPO would be offer-for-sale (OFS), wherein existing shareholders will sell NSE's shares
The shares of the company are proposed to be listed on the BSE and NSE
The IPO closes on Tuesday
Share offer saw huge demand despite concerns over weakness in secondary market, pricing of shares
The issue is in a price band of Rs 930-938 per share
Prataap Snacks last week garnered a little over Rs 143 crore from anchor investors
Shares to be offered at a price band of Rs 930-938 until Sept 26
Early Karuna holders saw more than 420 per cent returns since the June IPO at $16 a share
The issue size is expected to be Rs 3,000-4,000 crore, valuing the AMC at Rs 10,000-11,000 crore