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How to Pick Mutual Funds That Beat the Market

  Smart Strategies for Investing in Mutual Funds: A Guide to Maximising Your Returns One of the most well-liked investing options for people looking for expert management and diversification without having to choose individual equities is a mutual fund. One of the easiest ways for people to accumulate wealth over time is through mutual fund investments. Mutual funds combine the capital of numerous individuals to invest in a diverse portfolio of stocks, bonds, and other securities, in contrast to direct stock market investing, which necessitates considerable time, study, and risk tolerance. Mutual funds are a well-liked option for both new and experienced investors due to their expert management and diversification. But merely investing in a mutual fund and crossing your fingers seldom yields the best outcomes. A comprehensive approach that matches the appropriate fund selection and management strategies with your financial objectives, risk tolerance, and investment timeline is nece...
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SBI Cards IPO - Initial Public Offer Detail

SBI Cards IPO - Initial Public Offer Detail




Incorporated in 1998, SBI Cards and Payment Services Limited may be a subsidiary of SBI, India's largest banking company in terms of deposits, advances and also the number of branches. SBI currently holds 689,927,363 Equity Shares. The company the 2nd largest credit card issuer within the country, with a 17.6% and 18.1% market share of the Indian credit card market (number of credit cards) as of March 31, 2019, and November 30, 2019, respectively, and a 17.1% and 17.9% market share of the Indian credit card market in fiscal 2019 and within the eight months ended November 30, 2019.



SBI Cards offers a large range of credit cards to individual and company clients including fuel, rewards, shopping, lifestyle,  travel, banking partnership cards, and company cards, etc. SBI Cards has tie-ups with several leading companies across industries, including IRCTC, Air India, Apollo Hospitals, Etihad Guest, BPCL, Fbb, OLA Money and Yatra, amongst others. At the upper end of the price band, the SBI Cards IPO is predicted to boost around Rs 9,000 crore, making it the fifth-largest IPO to date.





IPO Open Date
2nd March 2020
IPO Close Date
5th March 2020
Issue Type
Book Built Issue IPO
Issue Size
137,193,464 Eq Shares of Ru.10
(aggregating up to Ru.10,354.77 Cr)
Offer for Sale
130,526,798 Eq Shares of Ru.10
(aggregating up to Ru.9,854.77 Cr)
Face Value
Rupee 10 Per Equity Share
IPO Price
Rupee 750 to 755 Per Equity Share
Employee Discount
Rupee 75
Lot Size
19 Shares
Min Order Quantity
19 Shares
Listing At
NSE & BSE
P/E (x)
45.8
Market Cap (Cr.)
70890
Finalisation of Basis of Allotment
11th March 2020
Initiation of Refunds
12th March 2020
Credit of Shares to Demat A/C
13th March 2020
IPO Shares Listing Date
16th March 2020
Pre Issue Share Promoter Holding
74%
Post Issue Share Promoter Holding
69.51%
Minimum Lot Size and Price (Retail)
1 Lot 14,345 Rupee
Maximum Lot Size and Price (Retail)
13 Lot 186,485 Rupee





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