Saturday, March 15, 2025 | 11:05 PM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Street signs: SBI Cards IPO, ESG funds get stewardship push, and more

Brokers say many wanting get to their hands on the country's second-largest credit card company have bought shares of parent State Bank of India (SBI) from the secondary market in recent weeks.

share market
Premium

Samie ModakJash Kriplani
Traders take SBI route for Card IPO 

Savvy traders plan to apply for SBI Cards and Payment Services shares in the “shareholder” quota of the IPO. Brokers say many wanting get to their hands on the country’s second-largest credit card company have bought shares of parent State Bank of India (SBI) from the secondary market in recent weeks. About 13 million shares (worth over Rs 900 crore) are reserved for SBI shareholders in the IPO. Typically, the retail book sees higher subscription than the shareholder book and, therefore, the chances of getting allotment through the latter are higher.

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in