10% discount listing of SBI card

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Ahmedabad. March 16, 2020, Thursday

In the wake of various adverse reports, the capital stock of Indian stock markets is on the verge of erosion.

Rs. The shares, which were issued at the price of 1, were listed at the Mumbai stock market today at a price of Rs 5, down 5%. At the NSE, the stock is trading at Rs. Listing started at a price of 1. However, since the beginning of trading today, the possibility of premium listing of SBI card stocks was halted due to the stock market's volatility.

It should be noted here that in the gray market, higher premiums for SBI card IPOs were being called. In addition to its form, Rs. The price ranging from 1 to 5 was called. But the stock market crashing behind other adversities, including the Corona Virus, caused huge gaps in the premium for this IPO in the gray market.

Today, the stock market has seen large volatility behind global adverse factors. In the midst of this volatility, the SBI card shares have improved at one point after listing on the lower headlines. 5 had touched the surface.

However, with the pressure of reselling again in the final phase of trading, the market was rapidly collapsing. On the other hand, the stock remained soft at 5.7 per cent on the BSE, falling 5.7 per cent at the end of the previous trading session, while closing at 8.5 per cent on the NSE.

According to market experts, despite the upheaval in the stock market today, given the movement seen in SBI card stocks, it can be said that the stock price will improve rapidly in the coming days and there is a possibility that the returns from investors will be lost.

Antony West's IPO dropped

Previous Date Antoine Waste Handling Sales Limited, which entered the capital market on March 7, is finally forced to withdraw after failing to complete its IPO.

Just behind the IPO of the SBI card, ie. The IPO opened on March 7. And Ta. The IPO was scheduled to close on March 7, but it was not filled on its last day due to adverse market conditions. Was extended till March 7.

Even today, on the last day of its failure to complete the IPO, the management finally announced its withdrawal. Thus, the adverse effects of the stock market have also been adversely affected on the primary market.


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