News Details

( As on 16/03/2020 22:10)

SBI Cards & Payment Services Ltd. debuts with 12.84% discount at Rs 658.00

SBI Cards & Payment Services Ltd. makes a weak debut on the bourses with scrip got listed at Rs 658.00 on the Bombay Stock Exchange, a 12.84 per cent discount to its issue price of Rs 755.00. On the National Stock Exchange, the stock was listed at Rs 0.00.

The company, which raised 13.71 Cr from initial public offering, was subscribed 0 times, receiving bids for 0 lakhs shares against the total issue size of 1,371.49 lakhs shares.

The company, listed under B Group Securities post its IPO, opened for subscription from Mar 02 to Mar 05.

Following a weak opening, the scrip touched an intraday high of Rs 755.00 and a low of Rs 658.00, before closing the session up by 9.50 per cent to its listing price at Rs 683.20 on the BSE.

The company anticipates using the proceeds of the issue for .

HSBC SECURITIES AND CAPITAL MARKETS (I) PVT LTD,Kotak Mahindra Capital Company Ltd.,DSP Merrill Lynch Limited,Axis Capital Limited,Nomura Financial Advisory & Securities (I) P Ltd.,SBI Capital Markets Limited as lead managers & Link Intime India Private Limited is the registrar, to the issue.

Meanwhile, the broader benchmark BSE Sensex closed trade at 31,390.07, down 2,713.41 points, or 7.95 per cent.