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    SBI Cards IPO | Should investors subscribe despite rich valuations?

    Neha Dave
    March 02, 2020 / 04:47 PM IST
    SBI Cards IPO | Should investors subscribe despite rich valuations?

    PRO Only Highlights
    -      Quarterly performance largely backed by improved realisations
    -      Medium-term triggers China plus and protectionist measures for tyre industry
    -      Valuations not inexpensive; but improved medium-term outlook

    SBI Cards & Payment Services’ initial public offering (IPO) of around Rs 10,355 crore – one of the biggest in recent times -- opens for subscription on March 2. The issue mainly consists of an offer for sale from two existing shareholders (SBI Bank and Carlyle group) along with a fresh capital raise of Rs 500 crore by the company. The offering of the second largest card issuer in the country comes at a time when sentiment in equity market is battered...

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