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SBI Cards IPO: These key company personnel to turn millionaires on listing

Updated : February 24, 2020 12:42 PM IST

Sources told CNBC-TV18 that the SBI Cards IPO is expected to be priced in the range of Rs 745-775 per share giving the company a market cap of around Rs 69,500-72,000 crore.
The prospectus also stated that the portion of the offer up to 18,64,669 equity shares will be available for allocation to eligible employees, on a proportionate basis.
Under SBIC ESOP Scheme, 13,343,700 options have been granted as on the date of this Draft Red Herring Prospectus, and none of these options have vested.
SBI Cards IPO: These key company personnel to turn millionaires on listing

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