Friday, November 29, 2019

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


SBI Card IPO gets SEBI's go-ahead for 10355 crore Initial Public Offer. The SBI Card IPO to hit the market on 2nd March 2020. SBI to divest up to 4% stake in their subsidiary SBI Cards. 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.

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: sbicard.ipo@linkintime.co.in
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: investor.relations@sbicard.com
Website: http://www.sbicard.com/

SBI Card IPO FAQs:


When SBI Card IPO will open for Anchor Investors?
The Anchor Investors bidding to start on 28th February 2020.

When SBI Card IPO will open for QIB, NII, and Retail?
The IPO to open on 2nd March 2020 for QIB, NII, and Retail Investors.

What is SBI Card IPO Investors Portion?
The investors' portion for QIB-50%, NII-10%, and Retail-35%.

How to Apply the SBI Card 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 the SBI Card IPO Allotment Date?
SBI Cards IPO allotment date is 11th March 2020. You can check IPO allotment here.

What is the SBI Card IPO Listing Date?
SBI Cards IPO listing date is 16th March 2020. The IPO to list on NSE and BSE.

What is the Cut-Off date for SBI Share Holders?
The SBI shareholder's cut-off date is 18th February 2020. The SBI share should be in your Demat holding as on the said date.

If I have 1 share of SBI should i invest in ShareHolders Quota?
As per the rules the Demat account should have at least 1 share of SBI in your account.

Can I apply in ShareHolder and Retail Quota at the same time?
Yes, you can apply in both Retail and ShareHolder Quota for a maximum of Rs.200000 application.

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)