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Is SBI card a good buy?

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Is SBI card a good buy?

Investment Rationale The brokerage believes SBIC has strong moats to support robust long-term growth and aid gains in market share moving forward. It maintains BUY recommendation on the stock with a revised target price of Rs 1,240/share (45x FY23E EPS), implying an upside of 10\% from CMP.

How SBI IPO will be allotted?

If SBI Cards IPO oversubscribed in the retail category, the SBI Cards IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion.

What was the issue price of SBI Cards share?

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₹ 750-755 Per
SBI Card IPO Details:

Open Date: Mar 02 2020
Issue Size: 10354.77 Cr.
Lot Size: 19 Shares
Issue Price: ₹ 750-755 Per Equity Share
Retail Discount: Rs.75( for employees)

Is SBI Card good for long term?

Despite the pricey valuation, SBI Card’s strong market position, growth prospects, strong parentage and superior return ratio makes it a worthy bet for long-term investors. SBI Card is currently trading at around Rs 965 on the NSE, being up by almost 14.90 percent in the last six months.

Who is the promoter of SBI Card?

SBI Card was launched in October 1998 by the State Bank of India and GE Capital. Incorporated as SBI Cards and Payment Services Private Limited (SBICPSL), SBI Card is headquartered in Gurgaon, Haryana.

How do I know how much IPO is subscribed to?

What is IPO subscription data and where can I find it?

  1. On NSE you can either check the bids placed on just NSE or across both exchanges using the Consolidated Bid Details option shown below:
  2. Similarly, on BSE you can check either the subscription details on BSE or across both exchanges.
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What is new in IPO?

Upcoming IPOs in India 2021-22

UPCOMING IPO Tentative Issue Size (in Rs Crores)* Tentative Date*
Utkarsh Small Finance Bank 1350 –
Jana Small Finance Bank 700 crore + Offer of sale –
Seven Islands Shipping 600 2021
ESAF Small Finance Bank 998 Oct-Dec 2021

Is SBI Card an NBFC?

The Company was registered as a non-public deposit taking NBFC pursuant to a certificate of registration (bearing number No. 14.01328) dated October 6 1998 issued by the RBI.

How can I increase my IPO allotment chances?

8 Ways To Increase IPO Allotment Chances

  1. Avoid large applications.
  2. Apply with more than one demat account.
  3. Always bid at the cut-off price.
  4. Don’t rush at the last minute.
  5. Purchase parent company shares.
  6. Remember to approve the mandate request.
  7. Apply within the first two days.
  8. Verify all details carefully.

Which is the best IPO?

Best Performing IPO

Company Name Offer Price ( ) List Price ( )
Suratwwala Business 15 16.00
Route Mobile 350 708.00
Happiest Minds Tech. 166 351.00
Nureca Ltd. 400 634.95
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