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SBI's credit card business IPO to open on March 2

SBI's credit card business IPO to open on March 2

Friday, February 21, 2020, 1:46 PM

The Rs.9,000 crore IPO of SBI Cards and Payment Services, the credit card arm of SBI , will open on March-2, according to its prospectus. SBI Cards is the second-largest credit card issuer in India with an 18% market share. The company plans to issue new shares worth Rs.500 crore and will offer up to 130.5-million shares for sale, the prospectus, dated February-18, showed.
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