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SBI Cards shares could slip below IPO price on Monday; grey market price at discount

Updated : March 14, 2020 10:55 AM IST

Sources told CNBC-TV18 that SBI Cards shares were quoting at a discount of Rs 50 to the issue price, indicating a weak opening.
Till a couple of weeks back, grey market rates for SBI Cards were quoting at a premium of around Rs 350 to the issue price, indicating strong demand for the offering.
SBI Cards IPO had seen a strong response from qualified institutional buyers and high net worth individuals.
SBI Cards shares could slip below IPO price on Monday; grey market price at discount

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