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SBI Card off to a weak start, lists at 13% discount to issue price

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NEW DELHI: SBI Cards and Payments (SBI Card) got off to a tepid debut on Monday, as the scrip got listed at Rs 658 on the BSE, a 12.85 per cent discount to its issue price of Rs 755. On NSE, the scrip listed at Rs 661, down 12.45 per cent against its issue price. Analysts were expecting the stock to list at around Rs 780-800 a piece against the IPO issue price of Rs 755.

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