The IPO (Initial Public Offering) market of India is all set to see some new activities as we barge in the year 2020, which is expected to be the year of bigger IPOs than what we have seen this year. There have been many changes to create a maximum profit environment for these IPOs as they have been the one that has saved the markets this year and as we see they continue to do good the government is pushing this trend and there is a new IPO announcement that we think might just do as amazing as the IRCTC IPO of this year which was a huge hit.
The State Bank of India (SBI) plans to raise about Rs 8,000 crore by selling a minority stake in the initial share sale of SBINSE 0.71 % Cards this will change the IPO scene as this is a minority IPO that will not have as much coverage and hence be more stable in growth and as the growth gets bigger the gains will get bigger with the rise in popularity of the IPO, a company that has also turned out to be a multi-bagger for the lender’slender’s private equity partner in the business Carlyle which is expected to back the company in this IPO, which has owned 26 percent in the SBI joint venture Cards.
So with this, we can expect the IPO scene to get more exciting as this could be the boost that the finances of the banks and other financial systems have been looking for for a long time.
Tags : SBI IPO, IPO, markets, gains, multi-bagger,