Retail investors bullish on SBI Card IPO despite coronavirus concerns2 min read . Updated: 03 Mar 2020, 12:28 AM IST
- Investors subscribed to 39% of the total book size, at the upper end of the IPO price band of ₹750-755 apiece, on 4 March— the first day of the issue
- The four-day share sale, which will remain open until 5 March, is the first IPO of the year
MUMBAI : The initial public offering (IPO) of SBI Cards and Payment Services Ltd on Monday saw decent demand from retail investors, who subscribed to more than half of the issue, notwithstanding a week-long slide in the domestic stock market over concerns about the spread of Covid-19.
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