SBI Cards IPO Subscription Status
SBI Cards IPO was subscribed 26.49 times when bidding closed on 5 Mar 2020: QIB 56.66x, NII 45.24x, Retail 2.5x.
The SBI Cards and Payment Services IPO has been subscribed 26.49x times overall. Retail investors have shown interest with bids for 2.5x the shares available. The Non-Institutional Investor (NII) category has been subscribed 45.24x. Qualified Institutional Buyers (QIBs) have subscribed 56.66x. Data last updated on 11 Nov, 06:58 PM.
The IPO subscription period has ended. Given the strong demand, the allotment process is expected to be highly competitive. The issue opened on 02 Mar, 2020 and closes on 05 Mar, 2020. The shares are expected to list on stock exchanges on 16 Mar, 2020.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Live bidding
Shares bid against shares offered, category by category, as published by the exchanges. Summary splits NII into bHNI (above ₹10 lakh) and sHNI (₹2–10 lakh); switch to Detailed for the exchange's own sub-category rows.
| Category | Bid details | Times |
|---|---|---|
| QIB | - of - - | 56.66x |
| NII | - of - - | 45.24x |
| Retail | - of - - | 2.5x |
| Shareholder | - of - - | 25.36x |
| Employee | - of - - | 4.74x |
| TOTAL | - - | 26.49x |
SBI Cards and Payment Services IPO allotment probability
Your odds of an allotment in each category at the current subscription.
Odds = allotment slots ÷ applications, or the subscription multiple where counts aren't available. Retail and HNI allotment is by lottery; QIB is proportionate. Not investment advice.
Subscription insights
What the current book is saying, read off the category numbers above.
Retail Allotment
Subscription is above 1x. While a lottery is guaranteed, your probability of allotment is approximately 40% for a single lot.
Institutional Backing
Massive institutional interest with QIBs subscribing 56.66x. This often signals long-term confidence from professional funds.
Day-wise subscription history
End-of-day subscription across the 4-day bidding window. On phones, tap a day for the category split.
| Date | Total | ||
|---|---|---|---|
|
05 Mar 2020
Day 4 |
26.49x | ▼ | |
|
QIB56.66x
BHNI-
SHNI-
Retail2.5x
Shareholder25.36x
Employee4.74x
|
|||
|
04 Mar 2020
Day 3 |
15.49x | ▼ | |
|
QIB57.18x
BHNI-
SHNI-
Retail1.77x
Employee3.29x
|
|||
|
03 Mar 2020
Day 2 |
0.6x | ▼ | |
|
QIB0.03x
BHNI-
SHNI-
Retail0.86x
Employee1.82x
|
|||
|
02 Mar 2020
Day 1 |
0.29x | ▼ | |
|
QIB-
BHNI-
SHNI-
Retail0.45x
Employee0.79x
|
|||
SBI Cards and Payment Services IPO dates
From the bidding window to listing. Today is 11 November.
- Open 02 Mar 2020
- Close 05 Mar 2020
- Allotment 11 Mar 2020
- Refund/credit 12 Mar 2020
- Listing 16 Mar 2020
What does this subscription data mean?
IPO subscription data tells you how much demand exists for the shares being offered, broken down by investor category. Understanding each category helps you gauge the real sentiment behind the numbers:
- 01 QIB (Qualified Institutional Buyers) — includes mutual funds, FIIs, insurance companies, and banks. QIBs do deep due diligence before bidding. A QIB subscription above 10x is a strong institutional endorsement. Watch QIB numbers closely on the final day — they often hold back and flood in after 3 PM.
- 02 NII / HNI (Non-Institutional Investors) — high-net-worth individuals bidding above ₹2 lakh. NII allotment is proportionate (not lottery), so higher NII subscription means smaller per-lot allotment. Big HNI (B-HNI) bids above ₹10 lakh; Small HNI (S-HNI) bids ₹2–10 lakh.
- 03 Retail — individual investors bidding up to ₹2 lakh. When retail is below 1x, everyone who applied gets full allotment. When oversubscribed, SEBI mandates a computerised lottery — only 1 lot per successful applicant regardless of how many lots you apply for.
- 04 Overall Subscription — a blended multiple across all categories. A total subscription above 10x is considered strong; above 50x is exceptional and usually predicts strong listing gains.
Data sourced from BSE/NSE. Subscription numbers are updated during bidding hours (10 AM – 5 PM IST) on active subscription days.
Frequently asked
What is the current subscription status of SBI Cards and Payment Services IPO?
As of IPO close date (05 Mar, 2020), the SBI Cards and Payment Services IPO is subscribed 26.49x times. Retail category is 2.5x, and NII is 45.24x subscribed.
When is the allotment date for SBI Cards and Payment Services IPO?
The allotment for SBI Cards and Payment Services IPO is expected to be finalized on 11 March, 2020.
What is the GMP of SBI Cards and Payment Services?
The Grey Market Premium (GMP) for SBI Cards and Payment Services is currently ₹32.5, indicating a potential listing gain of 4%.
When will SBI Cards and Payment Services IPO list on the stock market?
SBI Cards and Payment Services is scheduled to list on BSE and NSE on 16 March, 2020.
What are the chances of getting allotment in SBI Cards and Payment Services IPO?
The retail category is oversubscribed at 2.5x, meaning allotment is by lottery. Statistically, approximately 1 in 3 applicants will receive allotment. Applying with multiple family member accounts (each at minimum lot size) improves your cumulative odds.
What does QIB subscription of 56.66x mean for SBI Cards and Payment Services IPO?
Strong — QIBs (mutual funds, FIIs, insurance companies) have subscribed 56.66x, indicating high institutional conviction. Heavy QIB demand is historically one of the strongest predictors of a positive listing.
How to check SBI Cards and Payment Services IPO allotment status?
After the allotment date (11 Mar, 2020), you can check your SBI Cards and Payment Services IPO allotment status on IPO Guru's allotment checker, on the BSE/NSE website using your PAN or application number, or through your broker's app.
Explore SBI Cards and Payment Services IPO further
Track every stage of this IPO, from subscription to listing.
It has listed — go back to the fundamentals.
Live grey market premium, Kostak and Subject to Sauda, with the day-wise trend.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
Subscription moves by the hour. Get it on your phone.
Live GMP alerts, subscription updates and allotment status for every Mainboard and SME issue — fast, free and secure.
Not investment advice. Subscription figures are as published by BSE/NSE and change until bidding closes.
