Is it good to buy SBI Card IPO?

Yes, it is a good idea to invest in SBI Card IPO for short term listing gain as well as for long term investment.

Is it worth buying SBI Card IPO?

So, in my opinion, investors should either buy SBI Card IPO above Rs 755 levels or at around Rs 650-660 levels.” Bhaumik also said that SBI Card is a portfolio stock and therefore, investors should buy into it for the long-term.

Is it good to buy SBI Card share?

Investment Rationale

SBI Cards’ solid foothold, healthy asset quality,brand image and increasing market share should continue to support the Company’s performance. Given current upside potential, the brokerage provides a BUY rating on the stock with a target price of Rs. 851 based on 10x FY22E BVPS.

Is SBI Cards IPO safe to invest?

SBI Cards is a low-risk business with good margins, investment advisor Sandip Sabharwal recently told Financial Express Online. He added, “SBI Cards IPO should do well given the fact that it will be a unique offering in the financial services space and low-risk business with good margins and low capital requirements.

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Will SBI Card IPO be successful?

Total 3.67 crore shares have been allotted to 75 anchor investors at Rs 755 apiece, the top-end of the IPO price band. … After the issue, SBI’s stake will drop from 74 per cent at present to 70 per cent, while Carlyle will see its holding come down from 26 per cent to 16 per cent.

Can I buy SBI Card IPO?

You can apply to the SBI Cards IPO on Console using any supported UPI app. Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account.

What is the future of SBI Card IPO?

SBI Cards IPO FAQs

The issue is priced at ₹750 to ₹755 per equity share. The minimum order quantity is 19 Shares. The IPO opens on Mar 2, 2020, and closes on Mar 5, 2020. Link Intime India Private Ltd is the registrar for the IPO.

Is SBI Cards IPO overpriced?

Mumbai, March 8 (IANS) The much-anticipated SBI Card IPO has finally completed with an issue price of Rs 755 per share, however, market experts feel that the price is too expensive.

Why SBI card is going down?

Shares of SBI Cards and Payments Services declined over 5% to ₹807 on Friday as investors grew more worried about its asset quality after its September quarter result.

Will SBI Cards share price increase?

The SBI Cards share touched an intraday high of Rs 653 apiece, rising 3.49% against the last closing of Rs 631 on BSE. … The stock hit a 52 week high of Rs 769 on March 18, 2020, and a 52-week low of Rs 495.25 on June 22, 2020.

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How can I invest in SBI IPO?

Internet Banking users should log on to www.onlinesbi.com and go to e-services >> Demat & ASBA services>> IPO (Equity) ASBA or IPO (Debt) ASBA option. Any SBI customer, who has a Savings or Current Account, can register for Internet Banking facility.

How can I invest SBI IPO?

A retail investor can apply for a maximum 14 lots as the upper limit of the investment is capped at Rs 2 lakh as per regulations. SBI shareholders: Retail investors who also hold State Bank of India (SBI) shares can apply for shares reserved for this category.

What is SBI IPO listing date?

Mar 16, 2020

What is the lot size of SBI Cards IPO?

19 shares

What is IPO in SBI?

The Initial Public Offering (IPO) Process is where a previously unlisted company sells new or existing securities and offers them to the public for the first time. After an IPO, the issuing company becomes a publically listed company on a recognized stock exchange.

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