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Five Things The SBI Cards IPO Prospectus Tells Us About The Payments Industry
Did you know which cities contribute the highest increase in credit card customers?
28 Nov 2019, 10:53 AM IST
SBI Cards is set to become the first pure-play payments company to be listed on the Indian bourses. The company is looking to raise between Rs 8,000-9,000 crore at a valuation of Rs 53,000-Rs 60,000 crore in its initial public offer, BloombergQuint reported earlier this week citing a company official.As per the draft red herring prospectus filed on Wednesday, SBI Cards reported a net profit of Rs 862.7 crore in financial year 2018-19...
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