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<keyword id="116253" type="ORGANIZATION" weightage="20" keywordseo="SBI-cards">SBI Cards</keyword>, the second largest credit card issuer has announced the allotment status of its IPO. The IPO was closed on March 6 and the final price per share has been set at ₹755 per share. Like most IPOs, the SBI Cards IPO was also oversubscribed. It was oversubscribed 45.23 times by non-institutional investors and over 2.5 times by retail investors. Everyone who applied for the SBI Cards IPO has been waiting for the allotment announcement. Here’s everything you need to know about the <keyword id="8894238" type="UNKNOWN" weightage="20" keywordseo="sbi-cards-allotment">SBI Cards allotment</keyword>. When will SBI Cards allotment be announced? The SBI Cards allotment has been posted on the registrar’s website. The registrar for SBI Cards IPO is Link Intime India. How to check SBI Cards allotment status? 
 <div type="image" title="SBI Cards" msid="74589843" hostid="261"></div>



 You can check the SBI Cards IPO allotment status by visiting the registrar’s website or the BSE India website. <ul><li>To check the SBI Card IPO allotment status, visit the registrar’s website <a href="https://www.linkintime.co.in/IPO/public-issues.html">here</a>.</li><li>Click on ‘Select Company’ and then select ‘SBI Cards’.</li><li>Now, enter either your PAN, application number or DP / Client ID.</li><li>Now, enter the captcha.</li><li>Click on submit.</li></ul>You will now be able to see your application status. It will show the number of shares that you applied for and the number of shares that have been allotted to you. Relief for Yes Bank customers A major <a href="https://www.businessinsider.in/business/news/yes-bank-customers-can-get-allotment-in-sbi-cards-ipo-but-with-a-condition/articleshow/74588207.cms">relief</a> has been granted to Yes Bank customers who had applied for the SBI Cards IPO. They can be allotted shares but with a condition. They will have to make payment using an alternate bank account if they are allotted shares. Of the total ₹10,300 crore share sale, bids worth approximately ₹1,500 crore were received from Yes Bank customers. Of this, over ₹150 crore were from retail investors. When will the shares be listed? The SBI Cards shares are expected to be listed on March 16. We should know more about the listing once the allotment is announced. Coronavirus may affect the listing price and the investors may not get the bumper listing they were hoping for. As per experts, the earlier expected 40% premium has been reduced to 8 to 10%. It may shrink even further if coronavirus continues to spread as its rapid pace affecting stock markets and spooking investors. See also: <a href="https://www.businessinsider.in/business/news/yes-bank-customers-can-get-allotment-in-sbi-cards-ipo-but-with-a-condition/articleshow/74588207.cms">Yes Bank customers can get allotment in SBI Cards’ IPO — but with a condition</a> <a href="https://www.businessinsider.in/business/news/sbi-cards-ipo-elicits-strong-investor-response-gets-subscribed-over-22-times/articleshow/74498428.cms">SBI Cards IPO elicits strong investor response; gets subscribed over 22 times</a>

SBI Cards allotment: Check allotment status, listing date and more

<ul><li><keyword id="8894239" type="UNKNOWN" weightage="20" keywordseo="sbi-cards-ipo-share">SBI Cards IPO share</keyword> allotment is expected to be announced on March 11. </li><li>You can visit the registrar’s website to check your <keyword id="8894240" type="UNKNOWN" weightage="20" keywordseo="allotment-status">allotment status</keyword>. </li></ul><keyword id="116253" type="ORGANIZATION" weightage="20" keywordseo="SBI-cards">SBI Cards</keyword>, India’s second largest credit card issuer closed its initial public offer (IPO) on March 6 and set its final price at ₹755 per share. The SBI Cards share allocation is expected to be announced today, March 11, and the listing The <keyword id="8315332" type="UNKNOWN" weightage="20" keywordseo="SBI-Cards-IPO">SBI Cards IPO</keyword> has been oversubscribed 45.23 times by non-institutional investors and over 2.5 times by retail investors. The company raised ₹10,340 crore through the issue and received bids for over 266 crore shares against its offer of 10 crore shares. How to check SBI Cards IPO allotment status <div type="image" title="SBI Cards IPO allotment status" msid="74573099" hostid="261"></div>

 If you have applied for the SBI Cards IPO, you can check your allotment status by following the below steps: <ul><li>To check the <keyword id="8894238" type="UNKNOWN" weightage="20" keywordseo="sbi-cards-allotment">SBI Cards allotment</keyword> status, visit the registrar’s website <a href="https://www.linkintime.co.in/IPO/public-issues.html">here</a>. </li><li>Click on ‘Select company’ and click on SBI Cards. </li><li>SBI Cards will only be visible once the allotment status is declared. </li><li>You will have to enter either your PAN, application number or DP / Client ID. </li><li>Now, enter the captcha. </li><li>Then, click on ‘Submit’. </li></ul>You will be able to see your application status. It will show the number of shares that you applied for and the number of shares that were allotted to you. You can also visit the BSE India website to check your application status. <ul><li>Go to the<a href="https://www.bseindia.com/investors/appli_check.aspx"> BSE India website</a>. </li><li>Select ‘Equity’ and then from the dropdown, select ‘SBI Cards’. </li><li>Now, enter your application number and PAN. </li><li>Click on ‘Search’. </li></ul>Coronavirus impact and an ambitious valuation might play spoilsport The SBI Cards IPO has come at a time when the coronavirus outbreak has had a big impact on global and Indian financial markets. Fueled by coronavirus fears, BSE Sensex and Nifty <a href="https://www.businessinsider.in/business/corporates/news/reliance-industries-logs-worst-fall-in-10-years-as-sensex-tanks-over-2400-points/articleshow/74550050.cms">tanked over 6%</a> on March 9, but are charting a rebound as Sensex surged by over 300 points. However, the volatile nature of markets might not bode well for subscribers of the IPO which might lose its sheen on listing. Another aspect that might hurt investors who have subscribed to the SBI Cards IPO is the ambitious valuation and price per share. The grey market premium has <a href="https://economictimes.indiatimes.com/markets/stocks/news/forget-bumper-listing-for-sbi-card-grey-market-hints-at-low-double-digit-premium/articleshow/74550784.cms">reportedly</a> crashed from ₹300-350 levels to less than ₹100 today. That means investors might lose a chunk of their investment on the very first day of listing on March 16. See also: <a href="https://www.businessinsider.in/stock-market/markets/news/sbi-cards-ipo-date-ipo-size-company-data-and-peer-comparison-with-hdfc-bank-icici-bank-and-axis-bank/articleshow/74297734.cms">SBI Cards IPO is open to investors ⁠— India's second largest credit card seller is hot even before its market debut</a> <a href="https://www.businessinsider.in/business/news/sbi-cards-ipo-subscribed-22-45-times-on-final-day-of-bidding/articleshow/74496674.cms">SBI Cards IPO subscribed 22.45 times on final day of bidding</a> <a href="https://www.businessinsider.in/in-india-you-cant-buy-mutual-funds-from-your-investment-advisor-anymore/articleshow/74295419.cms">In India, you can't buy mutual funds from your investment advisor anymore</a>

How to check SBI Cards IPO allotment status

<ul><li><keyword id="45660" type="CITY" weightage="20" keywordseo="Yes-Bank">Yes Bank</keyword> account holders who have invested in the SBI Cards’ initial public offering (IPO) will be allotted shares but with a condition that they make payment using an alternate bank account. </li><li>They will have to make this payment within two days. </li><li>Of a total of ₹10,300 crore share sale, bids worth approximately ₹1,500 crore came from YES Bank accounts — including retail investor bids of ₹150 crore.</li></ul>The financial crisis of Yes Bank has landed its customers in trouble. The Yes Bank account holders who have invested in the SBI Cards’ initial public offering (IPO) via the demat account can also get their share allotment - albeit with a condition. They will have to make a payment using an alternate bank account. <keyword id="8874432" type="UNKNOWN" weightage="20" keywordseo="yes-bank-customers">Yes Bank customers</keyword> will have to make the payment within two days. However, in the current situation, the payment might not happen on time as the shares would be allotted today. “ Some investors may not have sufficient funds in other bank accounts to pay, while others might deliberately not pay, given the volatility in the market,” a brokerage official <a href="https://www.business-standard.com/article/markets/yes-bank-account-holders-won-t-be-allotted-shares-in-sbi-card-ipo-sources-120031101546_1.html">told </a>Business Standard. In case investors fail to make the payment, the sale component of the IPO will be reduced. The bank will thereby divest slightly less than what was decided in the first place. The IPO accounted for ₹500 crore of fresh equity and ₹9,800 crore of secondary shares. The second largest credit card company will foray into the stock market on March 16 (Monday). Shares worth ₹10,300 crores concluded on March 6 and the final price per share has been set at ₹755. Of this, bids worth approximately ₹1,500 crore came from YES Bank accounts — including retail investor bids of ₹150 crore. The fourth largest private sector bank has over ₹3.45 lakh crore assets and a <a href="https://www.moneycontrol.com/news/business/markets/nippon-amc-restricts-yes-bank-subscription-to-rs-2-lakh-marks-down-value-to-zero-5008781.html">deposit base</a> of more than ₹2 lakh crore. The development comes in the back of the ongoing 30-day moratorium period — where the Reserve Bank of India (RBI) had capped the withdrawal limit for customers to ₹50,000 until April 3, 2020. However, an administrator of the bank later said that it might be lifted by the end of the week. The stock broker association Anmi (Association of National Exchanges Members of India) also urged the RBI to relax the conditions imposed against the Yes Bank payments and transactions. “The RBI decision has a cascading effect on trading members and their clients at large since they may not be able to cover their positions from their own funds. Thus, many Yes Bank clients may face serious financial problems,” <a href="https://www.businessinsider.in/business/news/yes-bank-case-anmi-urges-rbi-to-consider-exempting-capital-mkt-transactions/articleshow/74549921.cms">said the letter written to the central bank</a> by the association members. The <keyword id="8315332" type="UNKNOWN" weightage="20" keywordseo="SBI-Cards-IPO">SBI Cards IPO</keyword> has also come at a time when the coronavirus outbreak has had a big impact on global and Indian financial markets. See also: <a href="https://www.businessinsider.in/business/news/how-to-check-sbi-cards-ipo-allotment-status/articleshow/74573137.cms">How to check SBI Cards IPO allotment status</a>

Yes Bank customers can get allotment in SBI Cards’ IPO — but with a condition

SBI Cards and Payment Services has raised Rs 2,769 crore from 74 anchor investors, ahead of its initial share sale starting on March 2. Anchor investors are institutional investors who are offered shares in an initial public offering (IPO) ahead of its opening. Singapore government, Monetary Authority of Singapore, HDFC Mutual Fund, Government Pension Fund Global and Birla Mutual Fund, are among the anchor investors. Shares have been allotted at the offer's upper price band of Rs 755 apiece, as per a regulatory filing. There are 12 mutual funds among the 74 anchor investors, who have been allocated 3,66,69,589 shares and its value stood at Rs 2,768.55 crore. The price band for the share sale -- which would be open from March 2 to 5 -- has been fixed at Rs 750-755 apiece. SBI Cards expects to raise around Rs 9,000 crore through the IPO. As per draft paper for the IPO, SBI Cards would offer up to 130,526,798 equity shares through an offer-for-sale route. This would include offloading of up to 37,293,371 shares by SBI and 93,233,427 scrips by Carlyle Group. In addition, the company would issue fresh equity shares worth Rs 500 crore. SBI holds 76 per cent in SBI Cards and the rest of the stake is held by Carlyle Group.

Singapore government, HDFC Mutual Fund, Birla Mutual Fund invest in SBI cards and payment services

<ul><li>The IPO DreamFolks Services has closed for subscriptions and received good response from institutional and retail investors.</li><li>The company intends to raise ₹560 crore and has set a price band of ₹308-326 per share.</li><li>The IPO is a complete offer for sale by promoters and shareholders.</li><li>Most analysts are bullish on the company and recommend subscribing to the IPO from a medium to long term perspective.</li></ul>The IPO of DreamFolks Services closed today August 26 and has been subscribed 56.68 times over, on the last day of opening the issue. The public issue of the airport services aggregator, opened on August 24 and was subscribed by 1.96 times on the very first day. Demand from retail investors has been robust from day 1. However, demand from institutional investors picked up on the last two days of the IPO and is usually that way because they avoid blocking funds for more days. Overall, 53.74 crore shares have been on bid as against 94.83 lakh shares available for allotment. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investor category </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscription as on August 26 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyers (QIBs) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">70.53 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non Institutional Investors(NIIS) </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">37.66 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">43.66 times </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">56.68 times </td></tr></tbody></table>The company set a price band of ₹308-326 per share. The shares of the company are currently commanding a grey market premium or GMP of ₹80 per share and have been increasing every day indicating a good listing gains. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. The IPO opened on August 24, and will close on August 26. Analysts bullish on DreamFolks Most analysts have recommended subscribing to the IPO from a medium to long term perspective as DreamFolks is a dominant player in the airport service industry. “The company enjoys over 95% market share in card-based lounge access with its asset light business model. While valuation based on FY22 looks stretched, the full business recovery will be visible from FY23,” said analysts at ICICI Direct Research. ICICI Direct recommends a ‘subscribe’ as the company enjoys near monopoly in this segment. “It has a strong business revenue potential over the next decade on the back of – healthy air traffic growth, increasing issuance of credit cards and better awareness of usage of cards for lounges and higher penetration from current low level of around 5%,” said brokerage Reliance Securities. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerages </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Recommendation </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Angel One </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe on the issue from a medium to long term perspective </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Capital Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe with a long term perspective. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Sushil Finance </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Investors can invest for medium to long term horizon </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Anand Rathi Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe for long term </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reliance Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Nirmal Bang Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">K R Choksey </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HEM Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Swastika Securities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe only for high risk investors </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">BP Equities </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr></tbody></table>The company allocated <a href="https://www.businessinsider.in/stock-market/news/dreamfolks-services-ipo-opens-today-check-out-important-details-related-to-the-ipo/articleshow/93740178.cms">77.59 lakh shares to 18 anchor investors </a>at the upper price band of ₹326 per share. Smallcap World Fund, a California-based venture capital firm, bought a large pie i.e 28.46% of the shares set aside for anchor investors. DreamFolks Services provides access to airport services such as food and beverage offerings, spa services, ‘meet and assist’, airport transfer services, transit hotels, nap room access and baggage transfer. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/corporates/news/ibc-cases-still-below-fy20-levels-report-says-this-shows-india-inc-is-comfortably-placed/articleshow/93793663.cms">IBC cases still below FY20 levels – report says this shows India Inc is ‘comfortably placed’</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/careers/news/heres-everything-you-need-to-know-about-uks-new-scale-up-visa/articleshow/93799259.cms">Here’s everything you need to know about UK’s new Scale-up visa</a>

Dreamfolks Services IPO subscribed 56.68x on day 3 on strong institutional, retail investor demand

<ul><li>The Indian stock markets could open on a positive note on September 21, after experiencing a bear hug on the previous day. </li><li>Trends on SGX <keyword id="6354813" type="General" weightage="20" keywordseo="nifty" source="Orion">Nifty</keyword> showed an increase of 47 points, suggesting that Nifty could open in the green amid negative cues in other Asian markets. </li><li>SBI Cards, Adani Ports and HCL Tech could be among the top stocks to watch out for on September 21. </li></ul><cmsannotation type="cmsannotation" annotationid="SBI Card &amp; Payment Services" comment="subhead" text="SBI Card &amp; Payment Services">SBI Card &amp; Payment Services</cmsannotation> US-based private equity firm The Carlyle Group is planning to sell a 3.4 percent stake in the company, valued at ₹3,267 crore, in the price range of ₹1,021 to ₹1,072 per share. <cmsannotation type="cmsannotation" annotationid="Adani Ports &amp; SEZ" comment="subhead" text="Adani Ports &amp; SEZ">Adani Ports &amp; SEZ</cmsannotation> Received approval from the Competition Commission of India to acquire a 10.4 percent stake in the Gangavaram Port project in Andhra Pradesh. <cmsannotation type="cmsannotation" annotationid="HCL Tech" comment="subhead" text="HCL Tech">HCL Tech</cmsannotation> Bagged a digital transformation order from US-based MKS Instruments Inc., for five years. <cmsannotation type="cmsannotation" annotationid="IPO Watch" comment="subhead" text="IPO Watch">IPO Watch</cmsannotation> Paras Defence and Space Technologies IPO worth ₹171 crore to kick off today, with a price band of ₹165-175 per share. <cmsannotation type="cmsannotation" annotationid="Cadila Healthcare" comment="subhead" text="Cadila Healthcare">Cadila Healthcare</cmsannotation> Its subsidiary has entered into an agreement with Integrace to sell two brands, Mifegest and Cytolog. <cmsannotation type="cmsannotation" annotationid="Kitex Garments" comment="subhead" text="Kitex Garments">Kitex Garments</cmsannotation> Entered into a memorandum of understanding with the Telangana government to invest ₹2,406 crore in the state. <cmsannotation type="cmsannotation" annotationid="Yes Bank" comment="subhead" text="Yes Bank">Yes Bank</cmsannotation> Partnered with Visa to offer credit cards to its customers after the ban on MasterCard. <cmsannotation type="cmsannotation" annotationid="Nestle India" comment="subhead" text="Nestle India">Nestle India</cmsannotation> Reports suggest that the company’s chairman has revealed that it may face headwinds in 2022 due to rising coffee prices globally. <cmsannotation type="cmsannotation" annotationid="Action Construction Equipment" comment="subhead" text="Action Construction Equipment">Action Construction Equipment</cmsannotation> Launched its qualified institutional placement on Monday, with the price band fixed at ₹254.55 per equity share. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/how-to-check-allotment-status-for-sansera-engineering-ipo/articleshow/86380353.cms">Sansera Engineering IPO — How to check allotment status, listing date and more</a> <a href="https://www.businessinsider.in/tech/mobile/news/samsung-galaxy-z-fold-3-foldable-smartphone-review/articleshow/86366351.cms">Samsung Galaxy Z Fold 3 review: Creasing through the folds</a> <a href="https://www.businessinsider.in/tech/news/emmys-2021-netflix-beats-hbo-for-the-first-time-with-the-most-number-of-awards/articleshow/86365603.cms">Emmys 2021: Netflix beats HBO for the first time with the most number of awards</a>

SBI Cards, Adani Ports, HCL Tech and other top stocks to watch out for on September 21

<ul><li><keyword id="116253" type="COMPANY" weightage="20" keywordseo="SBI-cards">SBI Cards</keyword> shares were issued at ₹755 each, but it listed at ₹661 at a discount of almost 13%.</li><li>While the <keyword id="6354763" type="UNKNOWN" weightage="20" keywordseo="ipo">IPO</keyword> elicited strong interest from institutional investors, it has fizzled out since its debut earlier today.</li><li>Aggressive valuation and bad timing due to the ongoing coronavirus crisis could be the main reasons behind SBI Cards failing to dazzle.</li></ul>On another day, in another month SBI Cards could have had the bumper listing it hoped for. Today (March 16), as the <keyword id="6484188" type="PERSON" weightage="20" keywordseo="sensex">Sensex</keyword> was in the midst of a bloodbath as it lost 2,700 points, there were but a few who rushed to buy it. The stock crashed by 13% on its listing debut. This is a rude shock for those who has received the allotment and were waiting with bated breath for listing gains. In the last session, on Friday (March 13), after a trading halt for 45 minutes the stock exchanges gained over a 1,000 points giving some hope for the stock’s listing. But it was not to be, as the BSE Sensex opened 2,000 points down and kept falling. Analysts expected at least 4-6% listing gains The <a href="https://www.businessinsider.in/sbi-cards-ipo-date-ipo-size-company-data-and-peer-comparison-with-hdfc-bank-icici-bank-and-axis-bank/articleshow/74297734.cms">SBI Cards IPO</a> was issued at ₹755, but it listed at ₹661. However, in better days, the grey market premium for SBI Cards hovered around ₹300-350 when the IPO was announced. As the date to list drew closer, stock markets caught the Corona fever, and the premiums had slowly climbed down to ₹50-100. On the actual date, the stock crashed by over ₹94. During the time of the sale offer, analysts were expecting the stock to list in the range of ₹780-800 at expected returns of 4-6%. Most analysts were upbeat about the IPO However, analysts are of the opinion that the bad sentiment is not the only reason for the lacklustre listing. In fact, most of the premiums that the market was expecting were on the back of an upbeat market sentiment coming after the Budget and a slow uptick in economic growth. In hindsight though, its pricing might have been quite aggressive. Based on SBI Cards’ net profit up to December 2019, the offer price <a href="https://economictimes.indiatimes.com/markets/ipos/fpos/bullish-on-consumption-story-sbi-cards-looks-a-good-bet/articleshow/74310958.cms">demanded</a> a price-earnings multiple of 46. This valuation could be optimistic when compared to companies like American Express which have a P/E ratio of around 17. In spite of this, if the markets were in good shape, some of the expected premium could have been realised. When the IPO was announced, the markets were in a better mood as indicated by the interest it received. The IPO was oversubscribed 26.54 times, while institutional buyers oversubscribed by 57 times. In March alone, the <keyword id="53581" type="COMPANY" weightage="20" keywordseo="NATIONAL-STOCK-EXCHANGE">National Stock Exchange</keyword> and Sensex crashed by over 18% due to <a href="https://www.businessinsider.in/business/news/as-india-eyes-4-billion-worth-ipos-in-2020-fiis-have-pulled-out-over-3-billion-in-march-alone/articleshow/74605746.cms">massive sell-offs by foreign investors</a>, wiping billions of investor wealth in two weeks. The second biggest credit card issuer in India Yet, SBI Cards as a company has a few bright spots. It is the second biggest credit card issuer in India, after HDFC Bank. It also doesn’t have the baggage of a regular bank as the credit card business is separate from SBI’s banking operations. This means that SBI Cards is in an interesting position – it is a high-margin business. However, since it focuses only on unsecured credit cards, it has a higher risk of defaults when compared to its competitors HDFC Bank and ICICI Bank. Yet the business has huge potential. The Indian market is still untapped when it comes to credit card usage - there are only 50 million credit card users in India, as opposed to over 840 million debit card users. There is a lot of potential for SBI Cards to seize the opportunity and corner a big chunk of the market. And maybe when the tide turns for the better, it might be worth what it was when it was not listed. See also: <a href="https://www.businessinsider.in/business/news/sbi-cards-lists-12-4-below-offer-price-as-sensex-crashes-by-over-2000-points/articleshow/74645503.cms">SBI Cards lists 13% below offer price as Sensex crashes by over 2,000 points</a> <a href="https://www.businessinsider.in/business/news/sbi-cards-allotment-allotment-date-listing-date-and-more/articleshow/74589839.cms">SBI Cards allotment: Check allotment status, listing date and more</a> <a href="https://www.businessinsider.in/stock-market/news/irctc-doubles-investor-wealth-as-its-stock-surges-128-on-listing/articleshow/71580009.cms">IRCTC doubles investor wealth as its stock surges 128% on listing</a>

SBI Cards lists on the worst possible day and its stock slips 13% on debut

<ul><li><keyword id="3519758" type="PERSON" weightage="20" keywordseo="route-mobile">Route Mobile</keyword> made a strong debut on the bourses on Monday, surging 105% over its initial public offer (IPO) price.</li><li>Route Mobile issued the IPO at a price band of ₹350, but it listed at ₹717 apiece. </li><li>Route Mobile’s total market cap rose to ₹3,980 crore at 10:05 am.</li></ul>The cloud communication platform services provider, Route Mobile, made a strong debut on the bourses on Monday, surging 105% over its initial public offer (IPO) price. The company had garnered a stellar response from investors in its ₹600-crore IPO, which closed on September 11 with a whopping oversubscription of 73.30 times. Investors who applied for the IPO are being rewarded with hefty gains. Route Mobile issued the IPO at a price band of ₹350, but it listed at ₹717 apiece, with an upside of 105%. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top IPOs this year </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Listing gains </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Happiest Minds Technologies Ltd </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">138% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Rossari Biotech Ltd </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">65% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">SBI Cards and Payment Services Ltd </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-12% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Mindspace Business Parks </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">10.55% </td></tr></tbody></table> However, the weakness in the market weighed on the shares and it was trading 9% lower at ₹646 a piece at 10:12 am. <div type="image" title="Route Mobile" msid="78227918" hostid="261"></div> Route Mobile’s total market cap rose to ₹3,980 crore at 10:05 am. A total traded quantity of 10.31 lakh shares changed hands on BSE amounting to a turnover of ₹73.76 crore. The company will trade with the symbol of ‘ROUTE’ on the Indian stock exchanges. The bumper listing was already on the cards! After a strong debut of Happiest Minds Tech last week, Route Mobile was already expected to witness stellar listing. Its monopoly in the sector is something that makes the company stand out in the IPO rush. Ahead of its IPO, the company had already raised ₹180 crore from 15 anchor investors, including Goldman Sachs, Franklin Templeton Mutual Fund, and SBI Life Insurance, Kuwait Investment Authority, Vantage Equity Fund, and SBI Life Insurance, among others. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-seems-to-be-sticking-to-its-strengths-while-its-shareholders-want-jio-like-fireworks/articleshow/78222570.cms" data-type="tilCustomLink">Airtel seems to be sticking to its strengths while its shareholders want Jio-like fireworks</a> <a href="https://www.businessinsider.in/stock-market/news/top-stocks-to-watch-future-group-stocks-irctc-rites-sbi-bank-of-india-pnb-and-more/articleshow/78226309.cms" data-type="tilCustomLink">Top stocks to watch— Future Group stocks, IRCTC, RITES, SBI, Bank of India, PNB and more</a>

After Happiest Minds Tech, Route Mobile doubles the money invested in the IPO

<ul><li>The <keyword id="23134822" type="General" weightage="100" keywordseo="Amazon-Great-Indian-Festival" source="keywords">Amazon Great Indian Festival</keyword> 2024 is now live for Prime users.</li><li>The sale brings offers across a wide range of products, allowing you to grab them at their best prices.</li><li>Here’s everything you need to know about the Amazon Great Indian Festival sale.</li></ul> The ongoing Amazon Great Indian Festival 2024 sale is now live for <keyword id="20197203" type="General" weightage="20" keywordseo="Amazon-Prime" source="keywords">Amazon Prime</keyword> users. The sale brings amazing deals across a wide range of products including smartphones, tablets, laptops, wearables, home appliances, apparel and more. The Great Indian Festival is one of the biggest annual sales that the e-commerce giant hosts each year. Amazon is currently offering discounts, exchange offers, no-cost EMI options and more across a wide range of products. <h2>Bank offers</h2>In addition to the discounts offered by Amazon, you can avail of an additional 10% instant discount on SBI debit cards and credit cards. <h2>New launches</h2>Amazon has announced that several new products will be launched on the platform during the sale, including smartphones, audio devices, TVs, home appliances, apparel and more. <h2>Best deals on Amazon Great Indian Festival sale</h2>Let’s look at some of the best deals during the Amazon Great Indian Festival 2024: Samsung Galaxy S24 5G <cmsannotation type="cmsannotation" annotationid="B0CS5ZZMN8" comment="amazoncard" text="B0CS5ZZMN8">B0CS5ZZMN8</cmsannotation> If you are in the market for a powerful and reliable Android smartphone, the Samsung Galaxy S24 5G is an excellent option. It features a 6.2-inch Full HD+ Dynamic AMOLED display with a 120Hz refresh rate. It is powered by the Exynos 2400 chipset coupled with 8GB RAM and up to 512GB of internal storage. It features a triple camera setup at the back and comes with a 12MP front camera. It is powered by a 4,000mAh battery and comes with 25W charging support. The phone is currently available for ₹62,999, down from its original price of ₹74,999. Apple iPhone 13 <cmsannotation type="cmsannotation" annotationid="B09G9BL5CP" comment="amazoncard" text="B09G9BL5CP">B09G9BL5CP</cmsannotation> If you are looking to purchase an iPhone without burning a hole in your pocket, the iPhone 13 is currently available at a discounted price. The iPhone 13 features a large 6.1-inch Super Retina display and is powered by the powerful A15 Bionic chipset. The device features a dual camera setup at the back consisting of a 48MP primary camera and is equipped with a 12MP selfie camera. The iPhone 13 128GB variant is currently available for ₹41,999, down from its original price of ₹59,900. OnePlus Nord CE 3 5G <cmsannotation type="cmsannotation" annotationid="B0C9QS5G2R" comment="amazoncard" text="B0C9QS5G2R">B0C9QS5G2R</cmsannotation> If you are in the market for an affordable smartphone, the OnePlus Nord CE 3 5G is a good option despite being slightly old. It features a 6.7-inch Full HD+ AMOLED display with a 120Hz refresh rate. It is powered by the Snapdragon 782G chipset coupled with 8GB RAM and 128GB of internal storage. The device features a triple camera setup at the back and comes with a 16MP selfie camera. It is powered by a large 5,000mAh battery and comes with 80W fast charge support. The OnePlus Nord CE 3 5G is currently available for ₹16,999, down from its original price of ₹26,999. Sony Bravia TV KD-65X74K <cmsannotation type="cmsannotation" annotationid="B09WN3SRC7" comment="amazoncard" text="B09WN3SRC7">B09WN3SRC7</cmsannotation> The Sony Bravia Smart LED Google TV KD-65X74K is a good option if you are in the market for a premium television for your home. It features a huge 65-inch, delivering an immersive viewing experience, vibrant colours, and excellent picture quality. It comes with the company’s X1 4K processor and MotionFlow XR100 technology. It is currently available for ₹72,990, down from its original price of ₹1,39,900. OnePlus Pad <cmsannotation type="cmsannotation" annotationid="B0BY2ZZ4SJ" comment="amazoncard" text="B0BY2ZZ4SJ">B0BY2ZZ4SJ</cmsannotation> The OnePlus Pad is worth considering if you are looking for a powerful tablet with a high refresh rate. The tablet supports the company’s keyboard and case, allowing you to get work done on the go easily. It features an 11.6-inch 2.8K LCD display with a 144Hz refresh rate. It is equipped with the MediaTek Dimensity 9000 chipset, coupled with up to 12GB RAM with 256GB storage. The OnePlus Pad comes with a 13MP rear camera and an 8MP selfie camera. It is powered by a 9,510mAh battery with 67W fast charging support. It is currently available for ₹31,890, down from its original price of ₹39,999. Asus VivoBook 16 <cmsannotation type="cmsannotation" annotationid="B0CHMZRC89" comment="amazoncard" text="B0CHMZRC89">B0CHMZRC89</cmsannotation> The Asus VivoBook 16 is a good laptop, worth considering if you are looking for an affordable option. It is a thin and light laptop that features a 16-inch Full HD+ display. The laptop from Asus is powered by a 13th-generation Intel Core i9 chipset coupled with 16GB RAM and a 512GB SSD. The laptop comes with Windows 11 and offers Office 2021. It comes with several I/O ports that make it a good option. The laptop is currently available for ₹69,990, down from its original price of ₹1,16,990. Orient Electric 1200mm Aerosense BLDC Ceiling Fan <cmsannotation type="cmsannotation" annotationid="B0DH4LNMVR" comment="amazoncard" text="B0DH4LNMVR">B0DH4LNMVR</cmsannotation> For those looking to get a smarter fan during the sale, the Orient Electric Aerosense BLDC ceiling fan is a good option. It is a smart fan that comes with a BLDC Motor. The fan can be controlled using a remote or through the company’s app, allowing you to easily use it without having to get up. It offers an airflow capacity of 245 CMM and has a wattage of 40 Watts. It is available in three colour options – Ash Wood, Honeymaple Wood and White. Sony WF-C500 <cmsannotation type="cmsannotation" annotationid="B09PC695Q9" comment="amazoncard" text="B09PC695Q9">B09PC695Q9</cmsannotation> Sony is another popular name when it comes to audio products. The Sony WF-C500 is a good option if you are looking for reliable true wireless earbuds. It comes with a compact form factor and fits snugly in your ear. The earbuds come with IPX4 water resistance support, allowing you to use them outdoors and during workouts. It offers a 20-hour battery life and a 10-minute charge offers an hour of playback. It is currently available for ₹3,988, down from its original price of ₹8,990. JBL Flip 6 <cmsannotation type="cmsannotation" annotationid="B09V7WS4PP" comment="amazoncard" text="B09V7WS4PP">B09V7WS4PP</cmsannotation> The JBL Flip 6 Bluetooth speaker is one of the must-have devices if you often find yourselves hosting parties or get-togethers. It is a powerful speaker that is waterproof, allowing you to carry it with you to pool parties. The Bluetooth speaker offers over 12 hours of music playback on a single charge and comes with Google Assistant and Siri support. The speaker is IP67 rated for water and dust resistance, allowing you to easily carry it with you outdoors. It is available for ₹8,999, down from its original price of ₹13,999. Echo Dot 5th gen <cmsannotation type="cmsannotation" annotationid="B09B8XJDW5" comment="amazoncard" text="B09B8XJDW5">B09B8XJDW5</cmsannotation> If you are in the market for an affordable smart speaker, the Echo Dot 5th Gen is a good option. It can stream songs from platforms like Prime Music, Spotify, Apple Music and more. It can set alarms, check the weather, set reminders, check cricket scores and more. The device supports English and Hindi voice commands. Keeping privacy in mind, the device also comes with a mic-off button. It is currently available for ₹4,449, down from its original price of ₹5,499. Boat Stone 1450 Bluetooth speaker <cmsannotation type="cmsannotation" annotationid="B09SJ32HQZ" comment="amazoncard" text="B09SJ32HQZ">B09SJ32HQZ</cmsannotation> The Boat Stone 1450 is another good option if you are looking for a portable Bluetooth speaker. The Boat Stone 1450 features an easy-to-carry design and comes with dynamic RGB LEDs. It is also IPX5 water resistant, so be it your party hall or the poolside, you can use it everywhere. It features 40W RMS speakers, which are loud and definitely add a punch to your tunes. They feature connectivity ports like an AUX port and a USB port. The 3,600mAh battery offers you up to five hours of playtime on a single charge. The Boat Stone 1450 is currently available for ₹4,499, down from its regular price of ₹8,999. SEE ALSO: <a href="https://www.businessinsider.in/business/telecom/news/airtel-is-using-ai-powered-technology-to-block-spam-calls-and-messages/articleshow/113691942.cms">Airtel is using AI-powered technology to block spam calls and messages</a> <a href="https://www.businessinsider.in/stock-market/webstories/diffusion-engineers-ipo-quick-review-ipo-gmp-risk-factors-and-more/slidelist/113687580.cms">Diffusion Engineers IPO quick review – IPO GMP, risk factors and more</a> <a href="https://www.businessinsider.in/stock-market/news/manba-finance-ipo-allotment-how-to-check-allotment-ipo-gmp-listing-date-and-more/articleshow/113667907.cms">Manba Finance IPO allotment – How to check allotment, IPO GMP, listing date and more</a>

The Amazon Great Indian Festival 2024 – Best deals and offers

<keyword id="19897758" type="General" weightage="100" keywordseo="samsung" source="keywords">Samsung</keyword> has brought <keyword id="19330314" type="General" weightage="20" keywordseo="Galaxy-A15-5G" source="Orion">Galaxy A15 5G</keyword> and <keyword id="19740981" type="General" weightage="20" keywordseo="Galaxy-A25-5G" source="Orion">Galaxy A25 5G</keyword> smartphones to India with striking features in the mid-range segment. Galaxy A15 5G (in Blue Black, Blue and Light Blue colours) will cost Rs 22,499 for (8GB+256GB) and and Rs 19,499 (8GB+128GB) variants. Galaxy A25 5G (in Blue Black, Blue and Yellow colours) will come for Rs 29,999 (8GB+256GB) and Rs 26,999 for the 8GB+128GB variant. Both the devices come with cash back offers with SBI cards. Galaxy A25 5G offers Super-AMOLED display with Vision Booster technology, Exynos 1280 processor, 50MP triple camera setup that comes with a host of photo-editing features, a 5000mAh battery and security tools like Knox Vault. "Galaxy A25 5G and Galaxy A15 5G take the stellar legacy of Galaxy A series forward with a superior camera and a host of awesome photo-editing features for users to capture and edit on-the-go and produce professional level creations," said Aditya Babbar, Senior Director, Mobile Business, Samsung India. Galaxy A15 5G, powered by MediaTek Dimensity 6100+ processor, is the successor of Galaxy A14 5G, India's no.1 selling 5G smartphone, according to Counterpoint Research. Galaxy A15 5G sports a glastic back panel with haze finish, while Galaxy A25 5G's glossy prism pattern back panel. The device offers 6.5-inch Super AMOLED display, enhanced with Vision Booster, creates smooth, bright and vivid viewing experiences with 90Hz refresh rate and a low blue light display for eye comfort. Galaxy A15 5G sports a 50MP triple camera setup with VDIS to reduce blur or distortion in videos from unsteady or shaky movements. Galaxy A25 5G features a 50MP (OIS) triple camera setup to shoot high-resolution and shake-free photos and videos, eliminating blurred images caused by hand tremors or accidental shakes. The device has a 13MP front camera for crisp and clear selfies. Both Galaxy A15 5G and A25 5G get the all-new Samsung Wallet, which lets consumers enjoy a seamless experience to store IDs and redefine payments convenience, said the company. SEE ALSO:<a href="https://www.businessinsider.in/business/auto/news/upcoming-new-cars-and-suvs-in-india-in-2024/slidelist/106319563.cms" target="_blank"></a> <a href="https://www.businessinsider.in/business/auto/news/upcoming-new-cars-and-suvs-in-india-in-2024/slidelist/106319563.cms" target="_blank">Five-door Thar to Creta, Sonet facelifts – SUVs, upcoming cars to hit Indian roads in 2024</a><a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-new-mobile-smartphones-in-india-in-january-2024/slidelist/106312182.cms" target="_blank"></a> <a href="https://www.businessinsider.in/tech/mobile/webstories/upcoming-new-mobile-smartphones-in-india-in-january-2024/slidelist/106312182.cms" target="_blank">OnePlus 12 to Redmi Note 13 – New smartphones set to hit Indian market in January</a><a href="https://www.businessinsider.in/stock-market/news/innova-captab-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106294976.cms" target="_blank"></a> <a href="https://www.businessinsider.in/stock-market/news/innova-captab-ipo-allotment-how-to-check-allotment-gmp-listing-date-and-more/articleshow/106294976.cms" target="_blank">Innova Captab IPO allotment – How to check allotment, GMP, listing date and more</a>

Samsung Galaxy A25 5G, Galaxy A15 5G now available in India

<ul><li>The company began operations in 2013 facilitating airport lounge access services and has now become an end-to-end technology solutions provider.</li><li>The ₹500 crore public offering is a complete offer for sale by promoters at a price band of ₹308-₹326 per share.</li><li>Covid-19 has adversely impacted the air travel industry and as a result the airport service provider is still recovering from the pandemic slowdown.</li></ul>Airport services aggregator platform DreamFolks Services is all set to open its initial public offering (IPO) on August 24 and will close on August 26. The IPO is a complete offer for sale by promoters and will raise ₹560 crore with a price band of ₹308-₹326 per share. The airport service aggregator began operations in 2013 facilitating airport lounge access services and has now become an end-to-end technology solutions provider. Covid restrictions have severely impacted the airport service provider’s financials however it is now recovering from the lows as the travel industry has picked up and is busy as pre covid. “The air travel industry has, in the recent past, been buffeted by the COVID-19 pandemic which has adversely impacted our operations. Further, the travel industry is also generally affected by various factors such as increase in the fuel price, government policies applicable, in particular, to the airline industry, failure of airlines etc. Accordingly, any downturn in the travel industry, in general, and in the air travel industry, in particular, could adversely impact our results of operations and our financial condition,” said the company in its red herring prospectus. According to the directorate general of civil aviation (DGCA), prior to covid in the last five years between 2015-2019 the CAGR for the domestic air travel industry was noted to be 12%. However, due to the onset of covid-19, the Indian aviation market is expected to experience a linear recovery. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Revenue </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY22 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹283 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹31 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY21 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹108 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">-₹1.45 crore </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">FY20 </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹367 crore </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹16.25 crore </td></tr></tbody></table>Further, the company believes that if the impact of Covid-19 is prolonged or more severe than anticipated it may face a deleterious impact on its business. The company provides access to various other services such as food and beverage offerings, spa services, ‘meet and assist’, airport transfer services, transit hotels / nap rooms access and baggage transfer. The global aviation sector that had taken a hit due to the lockdowns is now in the revival phase. ”The Global airlines are planning to resume their long-haul routes, specially driven. This holds good for the Indian domestic market also; it is interesting to note that a few Indian Tier-2 and Tier-3 airports have surpassed the Pre-COVID traffic numbers,” said the company in its RHP. Currently, it has tie-ups with Visa, Master Card, Diners/Discover and RuPay card networks operating in India. Other key clients include ICICI Bank, Axis Bank, Kotak Mahindra Bank, HDFC Bank (in respect of debit card lounge program), and SBI Cards and Payment Services. DreamFolks is heavily dependent on the cards that are in circulation and on issuance of new credit cards and debit cards. Out of an estimated 5.2 million passengers using lounges in India, more than 80% passengers use credit cards or debit cards to access domestic lounges. Further, there are expectations of strong economic recovery resulting in more travel through air routes and airport services. The latest panel of UNWTO (United Nations World Tourism Organization) suggests that the tourism sector is expected to see an increasing growth and make a strong recovery as the economic and COVID situation improves. Here are some of the important details of the IPO: <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;"> </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">₹308-₹326 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO open date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">August 24 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO close date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">August 26 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Allotment date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 1 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Initiation of refunds </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 2 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Credit of shares to demat account </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 5 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IPO listing date </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">September 6 </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Minimum lot </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">46 </td></tr></tbody></table>Motilal Oswal Investment Advisors Ltd and Equirus Capital Private Ltd are lead managers handling the IPO. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/thelife/personalities/news/meet-indias-real-gully-boy-vidit-aatrey-of-meesho-is-taking-the-entrepreneurial-dream-deep-inside-bharat/articleshow/93702491.cms">Meet India’s Real Gully Boy: Vidit Aatrey of Meesho is taking the entrepreneurial dream deep inside Bharat</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/not-just-ev-makers-there-are-many-more-stocks-that-can-gain-from-ev-play/articleshow/93696654.cms">Not just EV makers, there are many more stocks that can gain from EV play</a>

Airport services aggregator DreamFolks Services IPO to open on August 24, price band at ₹308-₹326 apiece

<ul><li>India Inc had hoped to raise as much as $4 billion from the market this year. But FIIs have pulled out almost $3 billion in the last seven trading sessions.</li><li>The biggest FII sell-off took place on March 9, when FIIs pulled out $950 million in a single day.</li><li>Bearish market sentiment coupled with coronavirus fears could deliver a double whammy to companies planning their IPOs this year.</li></ul> Bears have charged into stock markets and it looks like they are here to stay. Apart from eating up investor wealth, they will also topple the plans of India Inc which had lined up IPOs worth $4 billion this year. An uncertain future, threat of coronavirus and FIIs leaving the market in droves is spoiling the great <keyword id="7652198" type="UNKNOWN" weightage="20" keywordseo="Indian-IPO">Indian IPO</keyword> party of 2020. Amongst some of the <a href="https://www.businessinsider.in/business/news/india-has-ipos-worth-5-billion-lined-up-this-year-heres-a-look-at-the-top-candidates/articleshow/73722026.cms">biggest IPOs lined up</a> for 2020 are LIC, NSE and Bajaj Energy. While the <a href="https://www.businessinsider.in/business/news/how-to-check-sbi-cards-ipo-allotment-status/articleshow/74573137.cms">SBI Cards IPO allotment</a> has been done already, others are yet to be announced. FIIs are leaving the Indian market in droves Following the coronavirus scare, foreign institutional investors (FII) have pulled out over $3 billion from the Indian market in March alone, according to data obtained from the National Stock Exchange (NSE). The biggest FII sell-off in the recent future took place <a href="https://www.businessinsider.in/business/corporates/news/reliance-industries-logs-worst-fall-in-10-years-as-sensex-tanks-over-2400-points/articleshow/74550050.cms">on March 9</a> when the Sensex plunged by 1,941 points, which wiped off ₹7 lakh crore of investor wealth. FIIs pulled out ₹7,000 crore (approx. $950 million) out of the Indian market. So far in March, FIIs have pulled out ₹24,305 crore (approx. $3.28 billion) during the seven days of trading. This includes the <a href="https://www.businessinsider.in/business/news/market-mayhem-wipes-off-over-rs-8-lakh-crore-investor-wealth/articleshow/74588202.cms">figures for</a> March 12, when the Sensex plunged by up to 3,080 points which wiped off over ₹10 lakh crore of investor wealth. Global slowdown, coronavirus concerns to blame A continuing slowdown in the global markets and coronavirus concerns have combined to form a deadly cocktail for investors worldwide. Global indices like S&amp;P 500, S&amp;P 100, GDOW, DOW and others have all fallen by nearly 20% in the last month, triggered by sell-offs due to concerns of coronavirus spiraling out of control. The Indian government also <a href="https://www.businessinsider.in/india/news/coronavirus-travel-ban-india-on-lockdown-till-april-15/articleshow/74586131.cms">announced a travel ban</a>, preventing foreigners from visiting the country till April 15. That has further crashed airline, airport, hotel and retail stocks - troubling the markets which are already down with selloff in banking stocks. Which IPOs could be affected? While the SBI Cards IPO has been allotted already, investors could end up losing listing gains due to the negative market sentiment and coronavirus concerns. Apart from this, here are some of the Indian IPOs that could run into trouble: LIC The LIC IPO is likely to be held in the second half of this year. It was touted to be the biggest companies in India in terms of market capitalization, competing with Reliance Industries, TCS and HDFC Bank. NSE India’s largest trading bourse, the National Stock Exchange (NSE) was also supposed to announce its <keyword id="8903102" type="UNKNOWN" weightage="20" keywordseo="ipo-in-2020">IPO in 2020</keyword>. NSE was barred by SEBI from raising capital for six months, which ended on October 31. Bajaj Energy Bajaj Energy is one of the biggest privately held thermal energy companies in India. The IPO size was fixed at ₹5,450 crore. Home First Finance Home First Finance Company (HFFC) is a mortgage financier for the affordable housing market. It received approval from SEBI to raise ₹1,500 crore from the market. The HFFC IPO is expected to be held later this year. Burger King Burger King, one of the fastest growing fast food chains in India, is all set to raise ₹1,000 crore later this year. See also: <a href="https://www.businessinsider.in/business/corporates/news/reliance-industries-logs-worst-fall-in-10-years-as-sensex-tanks-over-2400-points/articleshow/74550050.cms">Reliance Industries logs worst fall in 10 years, as Sensex tanks over 2400 points</a> <a href="https://www.businessinsider.in/business/news/india-has-ipos-worth-5-billion-lined-up-this-year-heres-a-look-at-the-top-candidates/articleshow/73722026.cms">India has IPOs worth $5 billion lined up this year⁠— here’s a look at the top candidates</a> <a href="https://www.businessinsider.in/business/news/market-mayhem-wipes-off-over-rs-8-lakh-crore-investor-wealth/articleshow/74588202.cms">Sensex plunges by over 2,000 points wiping of Rs 8,000 crore investor wealth</a>

As India eyes $4 billion worth IPOs in 2020, FIIs have pulled out over $3 billion in March alone

New Delhi, Mar 9 () Stock brokers association Anmi has urged the RBI to relax conditions of moratorium imposed against Yes Bank for payments by the private lender's account holders against their outstanding capital market transactions.The development comes after Yes Bank on Thursday was put under a moratorium, with the RBI capping deposit withdrawals at Rs 50,000 per account for a month and superseding its board. In a letter written to the central bank on Friday, the Association of National Exchanges Members of India (Anmi) has requested the RBI to consider exempting outstanding capital market transactions wherein a Yes Bank account is involved. The move is aimed at saving investors from defaulting on existing payment obligations. The brokers' association has also requested the regulator to ring-fence bank guarantees (BGs) and fixed deposit receipts (FDRs) issued by Yes Bank from the consequential effect of moratorium directions, since trading members are having large open positions."The RBI decision has a cascading effect on trading members and their clients at large since they may not be able to cover their positions from their own funds. Thus, many Yes Bank clients may face serious financial problems," the letter noted.In case clients fail to make good of their outstanding payments in both cash and derivatives markets, the brokers will become liable to make the payments. This will place tremendous burden on their resources. Those members whose money is already stuck up with Yes Bank may not make immediate alternative financial arrangements to secure BGs and FDRs to cover their open trading positions.It also requested the RBI to give comfort to the exchanges in such a manner that they do not impose any haircut against existing FDRs and BGs of Yes Bank deposited with the clearing corporations of stock exchanges prior to March 6."The RBI has kept all inter-bank transfers outside the purview of moratorium and hence we submit that similar treatment be given to outstanding capital market commitments where payments are due from Yes Bank account holders," Anmi said.This assumes significance as SBI Cards and Payment Services' public issue closed on Thursday and now the shares would be allotted, which would require funds to be transferred from the account of investors.On Friday, two major clearing corporations, NSE Clearing and Indian Clearing Corporation, asked trading members that the existing benefit provided toward BGs and FDRs issued by Yes Bank in favour of the clearing houses would be reduced to 50 per cent by Monday and the remaining 50 per cent by Wednesday. Clearing Corporations have also decided not to accept proposals of fresh Yes Bank's BG/ FDR or their renewals. Anmi is an association comprising around 900 stock brokers from across the country that are members of National Stock Exchange, BSE, Multi Commodity Exchange of India and other exchanges having national presence. SP ANUANU

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