SBI Cards’ muted listing points to a rocky road for other IPOs

The Hindu Business Line
The subdued market debut of SBI Cards and Payment Services after a highly fancied and heavily over-subscribed initial public offer (IPO), barely two weeks ago, underlines the whimsical nature of the Indian primary market. Even as nothing much has changed for SBI Cards’ business in this short span, the shift in market sentiment brought on by the Covid-19 outbreak seems to have been enough…