Sbi Cards Ipo
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SBI Cards and Payment Services sets IPO price band at Rs 750-755; maiden public offer to open on 2 March
•The second largest card issuer SBI Cards & Payment Services, which is hitting the primary market with a Rs 9,000-crore initial public offering, has set the price band for the share sale at Rs 750-755
SBI Cards IPO to open for subscriptions on 2 March; plans to raise Rs 9,000 cr via maiden issue
•SBI Cards and Payment Services, the credit card unit of the country's largest lender State Bank of India (SBI), will hit the market with the initial public offering (IPO) on 2 March
SBI's credit card arm likely to launch IPO early next month; plans to raise Rs 9,000 cr via maiden issue
Fp Staff •Last week, the SBI subsidiary received markets regulator the Securities and Exchange Board of India's (SEBI) approval to float an initial public offering.