Moneycontrol
Get App
you are here: HomeNewsBusinessIPO
Last Updated : Feb 20, 2020 12:00 PM IST | Source: Reuters

SBI's credit card business IPO to open on March 2

The company plans to issue new shares worth Rs 5 billion and will offer up to 130.5 million shares for sale, the prospectus, dated February 18, showed.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

The $1.25 billion initial public offering (IPO) of SBI Cards and Payment Services, the credit card arm of State Bank of India (SBI) , will open on March 2, according to its prospectus.

The company plans to issue new shares worth Rs 5 billion and will offer up to 130.5 million shares for sale, the prospectus, dated February 18, showed.

The bidding process will close on March 5.

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
Get best insights into Options Trading. Join the webinar by Mr. Vishal B Malkan on May 28 only on Moneycontrol. Register Now!

Close
First Published on Feb 20, 2020 11:45 am
Sections
Follow us on