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Published on 5/03/2020 1:59:14 PM | Source: Angel Broking Pvt Ltd

Views On SBI card IPO By Mr. Jaikishan Parmar

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Below is the Views On SBI card IPO By Mr. Jaikishan Parmar, Sr. Equity Research Analyst, Angel Broking Ltd

“SBI card IPO on the third day oversubscribed by 15.5x led by QIB 57.18x. We expect the IPO to be subscribed 25 to 30 times as High Networth Individuals (HNIs) to place their bids on the last day and around closing time. We are positive on the future outlook of the company given favorable industry scenario, large untapped SBI Bank customers and strong financial track record. We recommend a subscribe to the issue.”

 

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