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SBI cards IPO ( Initial Public Offering )  The SBI Cards IPO could raise as much as  ₹ 9,600 crore through the issue India’s favourable demographics  large young population  is another crucial factor that the company is banking upon SBI Cards, the credit card arm of India’s largest public sector lender State Bank of India (SBI), last week filed its draft red herring prospectus for an initial public offering. The IPO could raise as much as  ₹ 9,600 crore through the issue. Ahead of its IPO,  Mint  looks at the key factors that India’s second largest credit card issuer is banking on to ride the equity markets.  What is SBI Cards banking upon for its IPO? The initial public offering (IPO) of SBI Cards comes at a time when there has been a massive spurt in digital payment transactions, fuelled by massive innovation and offerings by financial institutions. Considering that India is one of the fastest growing economies in the world, its second ...

Ujjivan SFB IPO subscribed over 165 times on last  day, surpasses IRCTC to become most subscribed  IPO this year....! KEY HIGHLIGHTS Ujjivan Small Finance Bank's (USFB) initial public offering (IPO) has received 165.55 times subscription on the third and last day of the bidding process Ujjivan Small Finance Bank went past IRCTC to become the most subscribed IPO so far this year                           Ujjivan Small Finance Bank's  (USFB) initial public offering (IPO) has  received 165.55 times subscription on  the third and last day of the bidding process.  The issue received bids for 20,52,12,98,000  shares against the issue size of 12,39,58,333  shares, as per the data available with the NSE.  The bank aimed to raise Rs 750 crore with this IPO.  The price band was set at Rs 36-Rs 37 per share, where each share had...