The much-awaited SBI Cards IPO is about to open on 2nd March 2020, with the overwhelming response to IRCTC’s IPO, investors are also excited about SBI Cards IPO. The parent company holds 74 per cent stake in SBI Cards, while the rest is with Carlyle Group. According to various trading firms and some media reports, the price of a share of SBI Cards can remain in the range of 750 to 755. You can buy minimum 19 shares of SBI Cards. SBI is also going to give special discounts to the employees of its company in its IPO. The booking of SBI Cards IPO is going to start from March 2, which you can book till March 5. Through SBI Cards IPO, the company can sell about 13,05,26798 equity shares. In this, SBI will issue 3,72,93371 shares and its associate Carlyle Group will issue 9,32,33427 shares.
SBI Cards, the credit card arm of the country’s largest lender SBI, is the country’s largest credit card issuer with 18 per cent market share. Through the IPO, SBI will bring its 4 percent stake in the market, while the Carlyle Group wants to launch its 10 percent stake in the market. Some media reports have claimed that the shares of SBI Cards are being sold in the dabba market ie gray market at a higher price than its opening rate. However, due to the slowdown in the Indian economy and some global developments, the market does not show much enthusiasm at the moment.
Market trend and confusion among investors
On the first day of the fourth trading week of February, the Bombay Stock Exchange’s Sensitive Index Sensex plunged 806 points, while the Nifty of NSE closed down 251 points. Since the beginning of the last week of February, there is pressure in the market. In such a situation, there is confusion among the common people regarding investment in the shares of SBI Cards IPO. Keeping this in mind, the team at GaneshaSpeaks has tried to judge the performance of SBI Cards IPO on the basis of its horoscope. Many successful predictions have been made in the past by our experts regarding the stock market. In the past, GaneshaSpeaks predictions for the IPO of Ujjivan Small Finance also proved to be very effective.
SBI card ipo listing horoscope
Listing date: 16 March 2020
Listing time: 9:15 am
Location of Listing: Mumbai, Maharashtra, India
Aries Ascendant is rising in SBI Cards Kundli, and the Ascendant Mangal is sitting in the horoscope of the horoscope in conjunction with Jupiter and Ketu, the lords of fortune. The lord of luck and the causal guru is looking at the Venus of birth from his place. The position of the planets in the horoscope acts as a positive sign, and based on this, it can be said that SBI Cards IPO may attract investors. SBI Cards IPO is also likely to be oversubscribed due to massive support from people as per planetary position, and it is also expected to benefit from listing as well. Want to earn money from the share market! To know whether your birth chart is profit yoga? With the help of your birth chart.
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How much SBI IPO will attract investors
Both the current performance of SBI Cards and the position of the planets in the horoscope will work to attract investors. The fifth house of the horoscope is related to the stock market, its lord Sun is present in the twelfth house of the horoscope. The twelfth house of the horoscope is related to foreign and foreign lands. The presence of the Sun at the natal place of the horoscope will entice foreign institutional investors and domestic institutional investors. Jupiter, the lord of the ninth house of the horoscope, is aspecting the Venus of birth from his place. Venus is the lord of the seventh house of the horoscope, which is related to the general public. Based on the planetary position, it can be said that SBI Cards IPO is going to get good support from foreign investors as well as domestic investors. Simply put, SBI Cards IPO is likely to get huge support from the investors as per the planetary position, and it is expected to benefit the investors as well. If you also want to wish for profit in the stock market, then take the advice of our astrologers.
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Will SBI Cards benefit the parent company?
Aries ascendant is rising in SBI Cards horoscope, and planetary positions also appear in favour of IPO. On this basis, it can be said that SBI, which is facing the problem of NPAs and bad loans, is going to get good support from the listing of IPO of its cards. While its benefits will emerge in the long run, for the time being, it can be said that SBI Cards has the potential to give benefits to its parent company in the long run. As per the planetary position, it is clear that SBI Cards IPO has the potential to attract investors as well as give them benefits. But nothing happens all of a sudden, you have to wait for them, similarly, you may have to wait to reap the benefits of this IPO.
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