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SBI cards IPO price band fixed at ₹750-755

Feb 26, 2020 14:32 IST

SBI Cards and Payments Services has finalised its IPO price band to range between ₹750 to ₹755 per share, the public lender informed exchanges. The bid lot size for the offer has been finalized to be 19 equity shares and in multiples of 19 equity shares thereafter. The IPO is set to open from March 2 till March 5. In the last two years ending March 2019, SBI Cards' total income has grown by a compounded growth of 45% to ₹7,286 crore and net profits at a compounded rate of 52% to ₹862 crore.