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SBI Cards and Payment Services IPO – Price, Allotment, Listing, Subscription, GMP – Financial Matters

SBI Cards IPO Allotment Status.

SBI Cards IPO date, SBI Cards IPO details,

SBI Cards IPO Dates and Details: SBI Cards and Payment Services, the Credit card arm of State Bank of India (SBI), plans to raise about 90 billion rupees ($1.25 billion) in a first sale of stock i.e. through IPO, as indicated by a source acquainted with the issue, in an arrangement set to make a guard benefit for U.S private value firm Carlyle Group.

The organization is focusing on a mop-up of Rs 9,000-9,500 crore from the offer deal, with a crisp issue size of around Rs 500 crore. The issue will include an idea available to be purchased of around 131 million.

As indicated by the most recent shareholding example of SBI, the absolute number of open investors in India’s biggest open area moneylender has expanded to 18.54 lakhs toward the finish of December 2019 from 14.95 lakhs as on 30 September 2019. This is the first run through SBI has considered such to be a huge increment in number of open investors. For the quarter finished March 2019 and June 2019, around 66,000 and 35,000 speculators had left the SBI counter.

The lastly closed Ujjivan Small Finance Bank IPO, class held for the investors of Ujjivan Financial Services got bought in simply 3.99 occasions contrasted with retail classification membership of multiple times. They were additionally offered 5% or Rs 2 for every offer rebate to give cost of Rs 37.   SBI holds 76 per cent in SBI Cards and rest of the stake is held by Carlyle Group.

SBI Cards is the second-largest credit card issuer in India with an 18 per cent market share. For the half year ended September 30, the company’s net income was Rs 725.88 crore. Its revenue was at Rs 4,677.20 crore

Financials of SBI Cards and Payment Services

₹ in Crore RevenueExpensePAT
2016
201734172899371.40
201853704451599.30
201972875955859.60
2020 (H1)46773643727.00

SBI Cards and Payments IPO Details

DetailsInfo
Issue Opens on02.03.2020
Issue Closes on05.03.2020
Price BandRs. 750 – Rs. 755 per Share
Employee DiscountRs. 75 Per Share
Face ValueRs. 10 per Equity Share
Minimum Lot19 Shares per lot
Minimum InvestmentRs. 14345.00
Maximum InvestmentRs. 186485.00
Issue SizeRs. 9500 Cr. (Approx)
Listing atBSE, NSE
Equity Shares Offered130,526,798 Shares

SBI Card IPO Tentative Date/ Time Table

Bid/Offer Opens OnMar 2, 2020
Bid/Offer Closes OnMar 5, 2020
Finalisation of Basis of AllotmentMar 11, 2020
Initiation of RefundsMar 12, 2020
Credit of Shares to Demat AcctMar 13, 2020
IPO Shares Listing DateMar 16, 2020

SBI Cards and Payment Services Latest Grey Market Premium (GMP)

SymbolOffer PriceGrey Market PremiumKostak Rates
SBI CardsRs. 755Rs. 120-125Rs. 2800

SBI Cards IPO Subscription Details

Subscription (Category Wise)Shares OfferedDay 1 Day 2 Day 3 Day 4
QIB24,224,0030.00x0.21x57.18x57.18x
NII18,341,4180.12x0.47x2.19x6.18x
Retail42,796,6410.62x1.21x1.77x2.01x
Employee1,864,6690.80x1.81x3.29x3.31x
Others13,052,6800.69x1.41x3.54x5.99x
Total100,279,4110.39x0.87x15.49x16.64x

Contact details of SBI Cards IPO

Company Contact DetailsIPO Registrar Details
SBI Cards and Payment Services Ltd.
Unit 401 & 402, 4th Floor,
Aggarwal Millennium Tower
E-1,2,3, Netaji Subhash Place,
Wazirpur, New Delhi
Phone: +91 (11) 6126 8100
Email: investor.relations@sbicard.com
Website: http://www.sbicard.com/
Link Intime India Pvt. Ltd.
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: sbicard.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

SBI Cards IPO Allotment Status

SBI Cards IPO Allotment Status can be checked here by clicking find the IPO Allotment Status. Allotment of Equity Shares as per the Fresh Issue and move of the Offered Shares of the Promoter Selling Shareholders compliant with the Offer available to be purchased to the effective Bidders. Be that as it may, the Allotment status isn’t yet uncovered.

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