How has the SBI Cards listing been on the stock exchanges where they have listed on 16 March 2020?
Answer
Answer
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.