Should I buy an SBI card IPO?

The prospect of making short term profit from SBI Card IPO is very good as of Feb 24, 2020. The grey market premiums are between Rs 250 to Rs 300 for the last few days. There is a huge demand in the market for SBI Card IPO shares. The IPO is expected to be oversubscribed heavily. The higher demand will result in higher profitability.

But there are multiple risks involved. The impact of the Coronavirus on the economy and stock markets, SBI Card IPO pricing, and selling pressure on listing day from people who invested for listing gains using the borrowed money.