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 | Revenue | Expense | PAT |
| 2016 | – | – | – |
| 2017 | 3417 | 2899 | 371.40 |
| 2018 | 5370 | 4451 | 599.30 |
| 2019 | 7287 | 5955 | 859.60 |
| 2020 (H1) | 4677 | 3643 | 727.00 |
SBI Cards and Payments IPO Details
| Details | Info |
| Issue Opens on | 02.03.2020 |
| Issue Closes on | 05.03.2020 |
| Price Band | Rs. 750 – Rs. 755 per Share |
| Employee Discount | Rs. 75 Per Share |
| Face Value | Rs. 10 per Equity Share |
| Minimum Lot | 19 Shares per lot |
| Minimum Investment | Rs. 14345.00 |
| Maximum Investment | Rs. 186485.00 |
| Issue Size | Rs. 9500 Cr. (Approx) |
| Listing at | BSE, NSE |
| Equity Shares Offered | 130,526,798 Shares |
SBI Card IPO Tentative Date/ Time Table
| Bid/Offer Opens On | Mar 2, 2020 |
| Bid/Offer Closes On | Mar 5, 2020 |
| Finalisation of Basis of Allotment | Mar 11, 2020 |
| Initiation of Refunds | Mar 12, 2020 |
| Credit of Shares to Demat Acct | Mar 13, 2020 |
| IPO Shares Listing Date | Mar 16, 2020 |
SBI Cards and Payment Services Latest Grey Market Premium (GMP)
| Symbol | Offer Price | Grey Market Premium | Kostak Rates |
| SBI Cards | Rs. 755 | Rs. 120-125 | Rs. 2800 |
SBI Cards IPO Subscription Details
| Subscription (Category Wise) | Shares Offered | Day 1 | Day 2 | Day 3 | Day 4 |
| QIB | 24,224,003 | 0.00x | 0.21x | 57.18x | 57.18x |
| NII | 18,341,418 | 0.12x | 0.47x | 2.19x | 6.18x |
| Retail | 42,796,641 | 0.62x | 1.21x | 1.77x | 2.01x |
| Employee | 1,864,669 | 0.80x | 1.81x | 3.29x | 3.31x |
| Others | 13,052,680 | 0.69x | 1.41x | 3.54x | 5.99x |
| Total | 100,279,411 | 0.39x | 0.87x | 15.49x | 16.64x |
Contact details of SBI Cards IPO
| Company Contact Details | IPO 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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