India: Retail investors bullish on SBI Cards IPO amid coronavirus concerns

India: Retail investors bullish on SBI Cards IPO amid coronavirus concerns

Photo: Reuters

The initial public offering (IPO) of SBI Cards and Payment Services Ltd on Monday saw decent demand from retail investors, who subscribed to more than half of the issue, notwithstanding a week-long slide in the domestic stock market over concerns about the spread of Covid-19.

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