SBI Card IPO Information
SBI Card and Payment Services Limited IPO details
What are the SBI Card IPO Dates and Pricing details?
*(Date & Price are uncertain and not fixed)Issue Open Date: 2nd March 2020
Issue Close Date: 5th March 2020
Allotment Date: 11th March 2020
Refund Date: 12th March 2020
Credit to Demat A/c: 13th March 2020
Listing Date: 16th March 2020
IPO Size: (130,526,798 Equity share for OFS and Rs.500 Cr. for a fresh issue)*
Face Value: 10 Per share
Price Band: 750-775
Listing On: BSE & NSE
Why SBI Card IPO is coming?
What are the Objectives of the SBI Card IPO?
- The first objective of the SBI Card IPO is to issue OFS (Offer For Sale) of 130,526,798 Equity shares.
- OFS means a company wants to sell its shares to an open market and these shares are already held by some of the company's promoters.
- The second objective is to meet the future capital requirements and it up to 500 crores.
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