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@ EconomicTimes

Why the SBI Card IPO will remain open for an extra day?

The offer period for the initial public offering (IPO) of SBI Cards & Payment Services will span four trading days. Its IPO will be open for subscription from March 2-5. Under normal circumstances, an IPO is open for subscription for a minimum period of three and a maximum of 10 days. With SBI as its parent, the SBI Card issue is expected to see huge demand. An extra day will ensure that retail investors get to file their applications on time without further extension.

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