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March 16, 2020 12:56:07 AM
IPO Mentor (700+ Posts, 400+ Likes)
Corona market Fall is for very short period market will cover within one month its previous numbers,So listing will be around 900/- low 850 high 950-1000.
SBI Card Management are positive. Carlyle is Managing Foriegn Funds to buy.
Though Because of ENAM Group SBI was not Alloted to Nippon and Capital International Group. Therefore Listing Will be Subdued. As per my sources Both of these will Not buy from open Market as of Now. However LIC GIC Nomura are in Buying Zone.
Carlyle has Arranged Foreign Buyers and Axis is working with Domestic Group incl. HDFC MF and UTI.
I am Informed that Mumbai Big HNIs will be buying for short term they may be Kacholia and Bhansali Group.
This decades market will be ruled by cashless economy and next generation technology based consumption and payments company shares and sbi card is prominent player among that with bright future....
Dear all, Don't get panic . It's a good company. Second largest in plastic money. Last year it reported 100% growth and in three year CAGR 52%+ . Annualized EPS 16+ . If maintain 50% growth for two years then EPS would be 32+. If we give 35 PE the share price go beyond 1000 + in medium to long term. So whatever the listing price . Be calm and watch listing tomorrow. BEST OF LUCK