Lender mopped up Rs 2,800 crore from the share sale
Antony Waste IPO comprises of Rs 35 crore of fresh fund raising and Rs 171 crore of secondary share sale
Last month, Sebi had directed the bourse to divest its entire stake in the registrar and transfer agent (RTA) within a year
SBI Cards expects to raise around Rs 10,355 crore through the IPO
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
The company will offer fresh shares worth Rs 35 crore and will offer 57 lakh equity shares under Offer For Sale (OFS) category for reduction of the aggregate consolidated outstanding borrowings.
Listing gains may be limited, if the issue is subscribed multiple times
JM Financial, Edelweiss Financial Services and IIFL Securities are managing the offer
The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of 13,05,26,798 equity shares
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
Analysts at Motilal Oswal said that SBI Cards' strong growth, stable asset quality, and superior return ratios provide comfort and justify the premium valuation
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
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.
No multi-bagger like IRCTC, but can deliver 50% listing gains, says Ambareesh Baliga, an independent market expert
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fourth-largest domestically
For a sustained up move from the present levels, we would need to see a pick-up in industrial and consumer demand, and growth in corporate earnings
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
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