SBI Cards IPO Subscribed Over 15 Times On Day 3

SBI Cards and Payment Services' initial public offer (IPO) got oversubscribed 15.49 times on Wednesday, the third day of the subscription, NSE data showed. At 6 pm on Wednesday, the issue had received bids for over 155 crore equity shares against IPO size of more than 10.02 crore equity shares, according to the data. SBI Cards is the second largest credit card issuer in the country with a market share of 18 per cent. SBI Cards has a ...