SBI Cards IPO

#44
Posting here after a long time, Anchor investor lock-in period has ended here on April 10, hence we are seeing heavy selling pressure today.
 
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magnet

Active member
#47
Stock isnt bad.. Timing is... Plus once people comes out then they will start shopping and using cards.

It's better to add few as EMI for long term.

Just for listing if added already time has lapsed better forget next 6 months for any gain above IPO price.
 
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#51
When unemployment rises the delinquency rises, as of now it is better to avoid investing in this company.
Actually while this is true, I would say wait for a fair price. I am holding about 80 IPO and immediate after listing shares at 720. Now I'll make an exit if it goes up to IPO price before moratorium ends, but will surely re enter after actual clarity on moratorium ends in August. If the economy recovers then SBI CARDS will surely go above IPO price.

Or I will add more if it goes to below 550 which I think is a fair price with moratorium impact to enter.

As a long term story its a great one and after HDFC BANK they have the best credit card portfolio.

Actually this stands true for HDFC Bank too, which I really like for their cards division.
 
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magnet

Active member
#52
Actually while this is true, I would say wait for a fair price. I am holding about 80 IPO and immediate after listing shares at 720. Now I'll make an exit if it goes up to IPO price before moratorium ends, but will surely re enter after actual clarity on moratorium ends in August. If the economy recovers then SBI CARDS will surely go above IPO price.

Or I will add more if it goes to below 550 which I think is a fair price with moratorium impact to enter.

As a long term story its a great one and after HDFC BANK they have the best credit card portfolio.

Actually this stands true for HDFC Bank too, which I really like for their cards division.
Hdfc is different ball game.

They choose customers who wont die easily.

SBI are just chasing any other customers.

Anyhow I have learn in stock market it's always better to be staying away from public sectors as present government are keen to kill it. E.g Coal India, Oil companies etc.
 
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#53
Actually while this is true, I would say wait for a fair price. I am holding about 80 IPO and immediate after listing shares at 720. Now I'll make an exit if it goes up to IPO price before moratorium ends, but will surely re enter after actual clarity on moratorium ends in August. If the economy recovers then SBI CARDS will surely go above IPO price.

Or I will add more if it goes to below 550 which I think is a fair price with moratorium impact to enter.

As a long term story its a great one and after HDFC BANK they have the best credit card portfolio.

Actually this stands true for HDFC Bank too, which I really like for their cards division.
Actually SBI CARDS is more of a private corporate rather than a public company.

They actually have franchises like the Tata Card, airline cards like Jet Privilege and investors like GE Caps and now Carlyle Group.

Moreover it's the only standalone card company in India and if you're interested in a company which charges 40% to its customers then it might be a good business to take part in.

Of course, HDFC BANK is a different league altogether.
 
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Alchemist

Administrator
Staff member
#54
Anyhow I have learn in stock market it's always better to be staying away from public sectors as present government are keen to kill it..
SBI Cards is a totally profit orientated company with significant private shareholding.

The government is unlikely to create any problems for it.

I personally use an SBI card (and 3 other). As far as products and services are concerned, the company is better than most other cards companies.

I think it can be a good long-term investment. One just needs to keep an eye on competition from other card companies and other products like "buy now pay later" which are becoming popular now.
 
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