SBI Cards IPO opens today. Should you subscribe? Check what brokerages say

Analysts at Motilal Oswal said that SBI Cards' strong growth, stable asset quality, and superior return ratios provide comfort and justify the premium valuation

The upcoming initial public offering of SBI Cards & Payment Services (SBIC) on March 2 has created quite a buzz among investors, and, according to leading brokerages, justifiably so. Almost all brokerages are positive on the IPO and some see up to 60 per cent upside from the IPO price range of Rs 750-755. CLICK HERE FOR DETAILS ABOUT THE IPO

The company has allotted nearly Rs 2,800 crore worth of shares to anchor investors ahead of its opening. A total of 36.7 million shares have been allotted to 75 anchor investors at Rs 755 apiece, the top-end of