Saturday, March 14, 2020

SBI Cards Listed on Discount at 661 and Made a High of 755 on Debut


SBI Cards IPO to list on NSE and BSE on 16th March 2020, Monday at 10:00 AM. As the market is volatile we can expect it to list in discount as per the experts and the speculations. Things are not looking good as CoronaVirus is hampered world stock markets in many ways. Dow Jones future up around 1750 points (8%) on Friday and the SGX Nifty is also in green might give few positive points to the Indian stock market and SBI Cards might list in premium.

The current grey market premium of SBI Cards looks like at 60 per share. When we look at the subscription numbers; QIB 57.18x times, HNI 45.23x times and Retail around 2.50 times. Let's see how SBI Cards will perform with listing gain.

SBI Cards IPO Listing Price: Live Quote

DetailsBSE ListingNSE Listing
Listing Price
₹661.00
₹661.00
High Price
₹755.00
₹755.00
Low Price
₹654.00
₹654.00
Close Price
₹726.00
₹726.00
BSE Notice of Listing: Click Here


BSE Code543066
NSE CodeSBICARD
GroupB
ISIN NoINE018E01016
Offer Price₹755
Face Value₹10
Listing Date16 March 2020, Monday

SBI Cards IPO Subscription Numbers
(Fully Subscribed
)

Category Day 1 Day 2 Day 3 Day 4
QIB 0.00x 0.21x 57.18x 57.18x
HNI 0.12x 0.47x 2.19x 45.23x
RII 0.62x 1.21x 1.77x 2.50x
EMP 0.80x 1.84x 3.29x 4.74x
Others 0.69x 1.41x 3.54x 25.36x
Total 0.39x 0.87x 15.49x 26.54x

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