India Trying To Regain Its Much Deserved Economic Glory
Well, for the last several decades, the world is witnessing India’s economic resurgence. It is good that the country is rising economically and socially. At the same time, it is something very natural, which should already be there. India represents somewhere around one-fifth of humanity, any country’s economic might should be determined by the number of people that reside there. So, India is just trying to regain its glory and exaltation that it deserves.
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The Importance Of IPOs In Energizing The Economic System
At the same time, the fast economic growth in India is being energized by a lot of financial developments, which are strengthening the economic infrastructure. And one feature of economic strengthening is the coming of IPOs. IPOs mark a stage of life in the company, where it is ready to play at a higher level. It is the stage when the company enters the real world of stock and equity. And now, State Bank of India (SBI), the premier public sector bank of the country is all set for its SBI Card IPO, which is scheduled to come on 16th March 2020.
SBI Card IPO Likely To Be Record Breaker: Financial Experts
There are a lot of expectations from the SBI Card IPO. Its price band has been fixed in the Rs 750-755 range. At the higher end of the price band, the SBI Card IPO is expected to raise around Rs 9,000 crore, making it the fifth-largest IPO so far. The issue will open for subscription on March 2 and close on March 5. Here is what Ganesha predicts about this IPO as per Astrology findings. Read on to know the future of this IPO:
What The Astrology Says:
SBI Card IPO Listing Details
Date of Listing: 16th March 2020
Listing Time: 9:15 am
Place of Listing: Mumbai, Maharashtra, India
SBI Card IPO Listing Chart
SBI Card IPO Likely To List With A Premium
The Aries ascendant will be rising at the listing date and time and its Lord Mars is in conjunction with the Lord of destiny Jupiter. Besides Ketu is placed in the 9th house of destiny. Besides, Jupiter is aspecting the natal Venus. Planetary combinations are positive and IPO will attract investors. It will be successful. There is a high possibility of listing with a premium. Well, the planetary combinations indicate oversubscription on account of higher demand in public. SBI Card has a strong track record of growth and profitability. SBI Card is the 2nd largest credit card issuer in India.
The Credibility Of SBI Will Help SBI Card IPO, Says Planets
The Lord of 5th house of stock market gains Sun is placed in the 12th house. This placement indicates that FIIs and DIIs will show interest in this IPO. Besides, the Lord of the 9th house Jupiter is aspecting the natal Venus which is the Lord of the 7th house indicates a strong interest from the general public (retail segment). The promoter of SBI Card is SBI, which is the largest bank in the industry and investors will trust the IPO because of its brand name. The good performance by SBI Card IPO may set a tough benchmark for the upcoming IPO stocks.
Stars See Massive Investment In The IPO
Various financial institutions and various SEBI registered analysts have favoured this IPO. They have recommended subscribing to this IPO. These things will also play an important role in adding on to the investors. The market is trading at an all-time high so there is a strong chance that the IPO will list in a premium, which will give benefits to a large number of investors who will be investing in this IPO. Those who are investing for the longer time frame may attract even higher benefits as per Stock market astrology.
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The IPO’s Success Will Help The Parent Company SBI
The planetary combinations indicate that the parent company SBI which is struggling with NPA problems will get the much-needed support from this listing. SBI may renew its hope and enthusiasm after the success of this IPO. SBI share prices may also increase. At the same time, for SBI things won’t change so much overnight.
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With Ganesha’s Grace,
The GaneshaSpeaks.com Team