The SBI Cards IPO got listed at a discount of 12.5% at Rs.661 in the light of the weak market trends. This is much lower than most expectations since markets were expecting a listing at a premium. The grey market premium had fallen from a high of 60% to 10% but the discount was something that was hardly expected. One needs to wait and see how the stock price pans out during the day.
The SBI Cards IPO got listed at a discount of 12.5% at Rs.661 in the light of the weak market trends. This is much lower than most expectations since markets were expecting a listing at a premium. The grey market premium had fallen from a high of 60% to 10% but the discount was something that was hardly expected. One needs to wait and see how the stock price pans out during the day.