The SBI stockholders can apply in Shareholders’ quota with a discount is on offered. The record date is 18th February 2020 to apply in Shareholders’ quota. The anchor investors bidding will start on 28th February 2020. The bidding will open for Retail, QIB and HNI on 2nd March 2020. The QIB Subscription will close on 4th March while Retail and HNI will get 1 extra day for the subscription.
As per the draft red herring prospectus (DRHP), the Initial Public Offer will comprise a fresh issue of equity shares aggregating ₹500 crores and an Offer for Sale by promoter SBI (3.72 crore equity shares) and by investor CA Rover Holdings (9.32 crore equity shares). SBI currently holds 74% in SBI Cards (SBICPS). Check out for the SBI Card IPO date, price band, and market lot details.
Note: SBI Cards IPO collects Rs 2,769 crore from anchor investors.
SBI Card IPO Review:
- Apply for Short Term and Long Term Gain
Brokerage Firm IPO Reviews:
- ICICI Direct: Subscribe
- Rudra Shares & Stock Brokers Ltd: Subscribe
- Ventura Securities Limited: Subscribe
- Capital Market: Subscribe
- Ventura Securities Limited: Subscribe
- Prabhudas Lilladher Pvt Ltd: Subscribe
- HDFC Securities Limited: None
- Kotak Securities: None
- Axis Capital: None
- Ambit Capital Pvt Ltd: None
SBI Card IPO Dates & Price Band:
| IPO Open: | 02 March 2020 |
| IPO Close: | 05 March 2020 |
| IPO Size: | Approx ₹10355 Crore (Approx) |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹750 – ₹755 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 13,71,49,315 Shares |
| Discount: | ₹15 Per Shares for Employees |
SBI Card IPO Market Lot:
| Lot Size: | Minimum 19 Shares & Maximum 247 Shares |
| Minimum Amount: | ₹14345 |
| Maximum Amount: | ₹186485 |
SBI Card IPO Allotment & Listing:
| Basis of Allotment: | 11 March 2020 |
| Refunds: | 12 March 2020 |
| Credit to Demat Account: | 13 March 2020 |
| Listing Date: | 16 March 2020 |
SBI Card IPO Form:
How to apply the SBI Cards IPO? You can apply SBI Cards IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the SBI Cards IPO in the Invest section. The other option you can apply SBI Cards IPO via IPO forms download via NSE and BSE. Check out the SBI Cards forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
SBI Card Financial:
| ₹ in Crore | |||||
| Revenue | Expense | PAT | |||
| 2016 | – | – | – | ||
| 2017 | 3417 | 2899 | 371.4 | ||
| 2018 | 5370 | 4451 | 599.3 | ||
| 2019 | 7287 | 5955 | 859.6 | ||
| 2020 (H1) | 4677 | 3643 | 727.0 | ||
Company Promoters:
- State Bank of India
Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus
SBI Card IPO Registrar:
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
Note: Check SBI Cards IPO allotment status on Linkintime website allotment URL. Click Here
SBI Card IPO Lead Managers:
- Axis Capital Limited
- BoA Merrill Lynch
- HSBC Securities & Capital Markets Pvt Ltd
- Kotak Mahindra Capital Company Limited
- Nomura Financial Advisory And Securities (India) Pvt Ltd
- SBI Capital Markets Limited
Company Address:
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: [email protected]
Website: http://www.sbicard.com/
SBI Card IPO FAQs:
Note: The IPO price band and dates will be added as it will be officially announced. The IPO grey market premium (IPO GMP) will be added on the grey market page as it will start)
0 Responses
SEBI Approved the SBI IPO and it will be launched in March 2020 as per the speculations.
This ipo is taking too much time for approval by sebi
When this will come
I am eagerly waiting for this