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 SBI Card IPO worth buying?

It is expected that the total credit card spend in india would exceed ₹15 lakh crore (over $200 billion) in the next five years. And SBI Cards can corner a huge chunk of this market waiting to explode.

Mutual Fund House Investment in SBI Cards in March 2020
DSP ₹25 crore
IDFC ₹17 crore

Will SBI Card IPO be successful?

Besides, there are many other factors that work in SBI Cards’ favour, and the initial public offering (IPO) is generally expected to be a success. … At the upper end of the price band, the IPO would fetch ₹10,360 crore and value the company at ₹70,900 crore.

Is SBI card a good stock?

Industry growth, in terms of spends, is set to be 20 per cent plus, going ahead, with SBI Cards in a comfortable position to benefit and gain market share as well, it said. “SBI Cards is a multiyear growth story and provides a unique opportunity to participate in high potential credit segment with strong profitability.

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Will SBI Cards go up?

Between 2015 and 2020, the total number of SBI Cards has grown at a CAGR of 27%. However, penetration is still low for the company with only 3.8% of debit cardholders owning credit cards as well. “Thus, we believe SBI Cards would maintain its growth momentum by further leveraging its vast customer base.

Why SBI card is going down?

Shares of the listed credit card issuer fell after a report indicated that CA Rover Holdings, a US-based private equity fund and an affiliate PE major Carlyle Group, is planning to offload its stake in SBI Cards and Payment Services.

What went wrong with SBI IPO?

SBI Cards made a weak debut on exchanges today with shares ending 10% discount as compared to its issue price of ₹755, amid a selloff in broader markets. SBI Cards shares ended at ₹678, after shares traded in the range of ₹755 to ₹656 during the day.

What was SBI IPO price?

SBI Card IPO Details:

Open Date: Mar 02 2020
Lot Size: 19 Shares
Issue Price: ₹ 750-755 Per Equity Share
Retail Discount: Rs.75( for employees)
Listing At: NSE,BSE

Why is SBI successful?

But, he says, “The acid test of consumer’s trust in a brand is how much the consumer is willing to forgive/overlook a brand’s failings if/when it happens.” He believes one of the reasons why SBI has maintained its position as one India’s Most Trusted banks is because, despite being a ‘vintage’ brand, SBI has …

What stock should I invest in today?


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How many times SBI Cards IPO subscribed?

SBI Cards IPO Subscription Status Live

SBI Cards IPO subscribed 26.54 times.

Is SBI Card Share good for long term investment?

Yes, it is a good idea to invest in SBI Card IPO for short term listing gain as well as for long term investment. Between 25 to 35 Lakh IPO applications are expected in this IPO, which shows a solid demand for its shares. The higher demand results in better listing gains.

What is the share price of SBI credit card?

NSE 979.30 +4.80 ( 0.49 %)

OPEN 985.00
52-WEEK HIGH 1149.00
52-WEEK LOW 654.50
MARKET CAP 92114.68
BUY Price 0.00
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