SBI Cards and Payment Services has raised Rs 2,769 crore from 74 anchor investors ahead of the much-awaited IPO, with the SBI Cards IPO opening for subscription on March 2. Simultaneously, anchor investors are called institutional investors who are offered shares before the initial public offer opens. The Singapore Government, Monetary Authority of Singapore, HDFC Mutual Fund, Government Pension Fund Global and Birla Mutual Fund are anchor investors. Are present in At the same time, according to information given to the stock markets, shares have been allocated to these investors at the rate of Rs 755 per share.

Target to raise more than Rs 9,000 crore from this IPO
There are 12 mutual fund companies among these 74 anchor investors. Along with this, he has been allotted 3,66,69,589 shares worth Rs 2,768.55 crore and the SBI Card IPO can be subscribed between March 2 and 5. The company has fixed a price band of Rs 750-755 per share. SBI Cards aims to raise Rs 9,000 crore through this IPO.

The company will issue new equity shares worth Rs 500 crore
According to the draft documents of this IPO, SBI Cards will offer 130,526,798 equity shares through the Offer for Sale route. With this, SBI will sell 37,293,371 shares and Carlyle Group 93,233,427. For this, the company will issue new equity shares worth Rs 500 crore. State Bank of India holds 76% stake in the country's second largest credit card company SBI Cards. The remaining stake is with Carlyle Group.

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