Page 10 - Sbi Cards

Market Wrap, March 16: Sensex tanks 2,713 pts, Nifty ends at 9,199

All the sectoral indices ended with deep cuts. Nifty Bank index tumbled 2,087.50 points or over 8 per cent to 23,079 levels

SBI Cards lists 12% below issue price of Rs 755; recovers later

The stock saw a weak debut due to prevailing market condition as the uncertainty regarding the effect of the coronavirus epidemic continued to keep investor sentiment in check.

SBI Cards IPO: Allotment of shares finalised, steps to check status

The SBI Cards IPO is one of the largest share sale in recent times, both in terms of size and oversubscription

Price of leadership

SBI's YES Bank investment raises questions

Yes Bank's rescue math: SBI Cards share sale can fund the revival

Lender mopped up Rs 2,800 crore from the share sale

YES Bank fallout: SBI Cards may see some negative impact on listing

A plan to infuse capital in YES Bank where it continues to function as a separate entity just like LIC investing in IDBI Bank, would be a big positive for all the concerned stakeholders, analysts say

SBI Cards IPO subscribed over 15 times despite turmoil in secondary market

At the top-end, the stock is valued at 46x its earnings for the first nine months of 2019-20.

SBI Cards IPO subscribed 15.15 times so far on third day of bidding

SBI Cards expects to raise around Rs 10,355 crore through the IPO

SBI Cards IPO subscribed 2.51 times so far on third day of bidding

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

NBFCs' plan for SBI Cards IPO goes awry amid coronavirus outbreak

Anticipating huge demand from wealthy investors, financial firms had borrowed heavily. However, they now fear their funds could remain underutilised

SBI Cards IPO: This one's for high net-worth individuals, but has its risks

Listing gains may be limited, if the issue is subscribed multiple times

Market Ahead, March 3: All you need to know before the Opening Bell

Today is the second day for SBI Card's IPO. Despite the volatility in the market, the Rs 10,350-crore initial public offering of SBI Cards and Payment Services was off to a good a start on Monday

SBI Cards IPO: New guidelines likely to restrict multiple FPI bids

The 2019 operating guidelines for FPIs also prescribe a separate registration for proprietary derivative investments and ODI activities of an FPI

SBI Cards IPO subscribed 39% on first day of bidding, raises Rs 2,769 crore

The IPO comprises a fresh issue of Rs 500 crore and an offer for sale of 13,05,26,798 equity shares

Planning to subscribe SBI Cards IPO? Here's all you need to know

Unlike others of its kind, the subscription window for the IPO will remain open for 4 days, which will be from March 2 to March 5

Market Ahead, March 2: Top factors that could guide markets this week

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

SBI Cards IPO opens today. Should you subscribe? Check what brokerages say

Analysts at Motilal Oswal said that SBI Cards' strong growth, stable asset quality, and superior return ratios provide comfort and justify the premium valuation

Street signs: SBI Cards IPO, large-sized advisors eye mergers, and more

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

SBI Cards allots shares worth nearly Rs 2,800 crore to anchor investors

The SBI Cards IPO will be a test for investor appetite, which has been battered by the coronavirus outbreak.

SBI Cards IPO: Why analysts suggest subscribing despite rich valuation

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.