Big opportunity to 1.5X your Money in 2 Weeks, SBI Card IPO is coming

Big opportunity to 1.5X your Money in 2 Weeks, SBI Card IPO is coming

Investing is an art to be aware of the opportunities which others cannot see, but what about the opportunity which is being publicly offered. Yes, you heard it right, everyone is excited about the huge opportunity which is there in investing in SBI Card IPO.

SBI Card is the 2nd largest credit card issuer in the country with 98500 Cr in card spends in the last 9 months as of December 2019. 

Sbi has a total of 13 Crore shares in offering from which they are planning to generate a total of 10289 Cr on the lower end and 10,355 Cr on the higher end. The shares are offered at a price band of 750-755 Rs.

Lot Size of SBI Card Share 

A fixed lot size of 19 shares has been decided for the SBI Card IPO which is equivalent to 14345 Rs on the higher end. The IPO will be open for 4 days from 2nd March to 5th March 2020. SBI Cards will be listed on NSE and BSE and are proposed to be listed on 16th March 2020. 

Reservation of Shares for Employees and Shareholders

A total of 18.4 lakh shares are reserved for the employees of State Bank. State bank employees will also get a discount of Rs 75 on each share. The maximum bid amount for an employee should be under 5 Lakh rupees.

10% of the lot which is around 1.3Cr shares are reserved for the SBI share holders. Anyone holding SBI shares as on 18th Feb 2020 will be eligible for this reservation.

Prediction for SBI Shares in the coming months

SBI Card is one of the most profitable verticals of SBI. It is also the first credit card share to be launched in the Indian market. A lot of hype is there for the SBI Card share because of the success that IRCTC share has shown in the recent past. A bullish signal for the share is the high interest of the retail investor in the share. 

We are not financial advisors and do not suggest to make investments on our predictions. Make your own research before making any investment our prediction is based on our understanding of the market. 

Our prediction for SBI Card share is that if you are lucky enough to get your hands on SBI Card share in the IPO. SBI Card share can give you a 1.5X in 2weeks of its launch as the excitement for the stock is high in the market.

We will suggest holding the stock if you get one because it has got the potential to give you a 2-3X in the near future.

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