Date: 01-03-2020
Today's Blog Subject: SBI CARD IPO
Hey Brothers and Sisters, Today i am Introducing to all of you about SBI card IPO
which starting from Tomorrow by 2nd March 2020.
Let me tell about all details of SBI card IPO first,
See the mentioned image below
As per image we all can see that IPO is going to start from 2nd March 2020 to 5th March 2020.
The most of brokers said that SBI card IPO offers an investment opportunity in a unique business model with strong profitability, And also by my side i am suggesting to all of you to subscribe this IPO as soon as possible.
The State Bank of India (SBI), is aiming to raise Rs 10,355 crore through this initial public offering (IPO), And this is the Largest IPO till date and also in 2020, Assuring you. MARK MY WORDS
The main objective of this IPO is unlocking of the value for existing investors, SBI and Carlyle Group. And also SBI is The second largest credit card issuer in India (after HDFC Bank with 27 percent), with deep industry expertise and strong business model. That's why we are so Confident that it's going to be a Largest IPO till date.
Accordingly, SBI Cards has witnessed robust growth in volume of transaction at 34 percent CAGR in FY14-19 to around 28 crore and 44 percent CAGR in overall spends to around Rs 1.03 lakh crore.
You can apply for the IPO from your demat account with your Bank account balance from the Starting date of Subscription. If you are don't know how to apply for IPO then Know us by commenting on this Blog or you can Direct Message us on Whatsapp at 96874 69260. We will make a Special blog to know all of you that HOW TO SUBSCRIBE/APPLY FOR IPOs/?
So that's it for the day friends, Let's see how's the IPO will performs tomorrow and What's it's Listing Gain on very first day of Allotment.
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