[ad_1]
It will open on March
2 for four days, and will close on March 5.
This will be the
largest IPO after General Insurance Corporation of India which came out with
the initial offering in October 2017.
The anchor book, a
part of qualified institutional buyer (QIB) portion, will open for a day on
Friday, February 28.
Kotak Mahindra Capital The company, Axis Capital, DSP Merrill Lynch, HSBC Securities, and Capital Markets
(India), Nomura Financial Advisory and Securities (India) and SBI Capital
Markets will be book running lead managers to the issue.
(India), Nomura Financial Advisory and Securities (India) and SBI Capital
Markets will be book running lead managers to the issue.
IPO Size:-
SBI Cards proposed to raise Rs 10,289 crore at the lower end of the price band (Rs 750 per share) and Rs 10,355 crore at the upper end (Rs 755 per share).
- It comprises a fresh issue of Rs 500 crore and an offer for sale of up to 13,05,26,798 equity
shares. - As a part of the offer
for sale, parent company SBI will sell up to 3,72,93,371 shares and CA Rover
Holdings, an affiliate of the Carlyle Group, will sell up to 9,32,33,427
shares. - The offer includes a
reservation of up to 18,64,669 equity shares for subscription by eligible employees and reservation of up to 1,30,52,680 equity shares for SBI
shareholders. - Eligible employees
will get shares at a discount of Rs 75 per share on the final issue price. - The price band for the
issue has been fixed at Rs 750-755 per share. Bids can be made for a minimum of
19 equity shares and in multiples of 19 equity shares thereafter.
Get More: –
For Quick Trial: +91 62329-88986 | or
[ad_2]
Image and article originally from the-grs-solution.blogspot.com. Read the original article here.