SBI Cards IPO | Open for Subscription on 2nd Mar

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SBI Cards IPO to open for subscription on March 2, 2020

Posted On: 2020-02-20 16:31:05
SBI Cards has announced that the Bid/Offer opening for the IPO of its shares will be on March 2, 2020 and Bid/Offer closing will be on March 5, 2020.

The Anchor Investors shall Bid one Working Day prior to the Bid/Offer Opening Date, being February 28, 2020. The Bid/Offer Period for QIBs will close one Working Day prior to the Bid/Offer Closing Date, i.e. March 4, 2020.

The Red Herring Prospectus of SBI Cards dated February 18, 2020 (“RHP”) was filed with the Registrar of Companies, NCT of Delhi and Haryana on February 19, 2020.

Shares of STATE BANK OF INDIA was last trading in BSE at Rs.327.65 as compared to the previous close of Rs. 320.25. The total number of shares traded during the day was 1449011 in over 15457 trades.

The stock hit an intraday high of Rs. 329 and intraday low of 318.95. The net turnover during the day was Rs. 471626006.
Source: Equity Bulls

For everyone’s benefit, sharing red herring prospectus. Page 399 onward is relevant information.


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My understanding is that one can apply for SBI IPO in BOTH retail category and reserved SBI shareholder category. However few posts in this forum have a contradictory take on that.

Can someone please confirm with evidential links .

Appreciate in advance.