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SBI cards made weak debut on exchanges
March 16, 2020
SBI cards made a weak debut on NSE opening at ₹661. SBI cards IPO was subscribed for 22 times. The Qualified Institutional Buyer (QIB) category was subscribed 57.18 times.
The Sensex fell by 2,000 points due to the weak global market. SBI drew bids for 225 crore shares.
SBI is the second largest credit card user in India. The virus outbreak has killed over 6,000 people all around the world and disrupted the trade activity.
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