Friday, November 29, 2019

SBI Cards IPO Date, Review, Price Band, Form & Market Lot Details

SBI Cards files ₹9500 crores IPO papers with SEBI. SBI to divest up to 4% stake in their subsidiary SBI Cards. The SBI Cards IPO date is not announced yet. SBI Cards and Payment Services Pvt Ltd (SBICPS) is the credit card unit of the State Bank of India. The company to raise between ₹8,500 crores and ₹9,500 crores. The value of the company is estimated at around ₹60,000 crores It will be one of the largest stock market listings in the country.

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). Stay tuned for the SBI Cards IPO date, price band, and market lot details.

SBI Cards IPO Review:

  • Apply for Short Term and Long Term Gain

SBI Cards IPO Dates & Price Band: (Tentative)

 IPO Open:  20-January-2020
 IPO Close:  22-January-2020
 IPO Size:  Approx ₹9500 Crore (Approx)
 Face Value:  ₹10 Per Equity Share
 Price Band:  ₹615 - ₹618 Per Share
 Listing on:  BSE & NSE
 Retail Portion:  35%
 Equity:  130,526,798 Shares
 Discount:  ₹18 Per Shares

SBI Cards IPO Market Lot:

 Lot Size:  Minimum 24 Shares & Maximum 312 Shares
 Minimum Amount:  ₹14832
 Maximum Amount:  ₹192816

SBI Cards IPO Allotment & Listing:

 Basis of Allotment:  27-January-2020
 Refunds:  28-January-2020
 Credit to Demat Account:  29-January-2020
 Listing Date:  30-January-2020

SBI Cards 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 Cards 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 Cards IPO Registrar:

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Note: Check SBI Cards IPO allotment status on Linkintime website allotment URL. Click Here

SBI Cards IPO Lead Managers:

  • Axis Capital Limited
  • BoA Merrill Lynch
  • HSBC Securities & Capital Markets Pvt Ltd
  • Kotak Mahindra Capital Company 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


When SBI Cards IPO will open for Anchor Investors?
The Anchor Investors bidding is not announced yet.

When SBI Cards IPO will open for QIB, NII, and Retail?
The IPO to open on - for QIB, NII, and Retail Investors.

What is SBI Cards IPO Investors Portion?
The investors' portion for QIB--%, NII--%, and Retail--%.

How to Apply the SBI Cards IPO?
You can apply SBI Cards IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is SBI Cards IPO Allotment Date?
SBI Cards IPO allotment date is not finalized yet. You can check IPO allotment here.

What is SBI Cards IPO Listing Date?
SBI Cards IPO listing date is not finalized yet. The IPO to list on NSE and BSE.

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)