SBI Cards IPO Dates, Review, Price Band & Market Lot

SBI Cards IPO Dates, Review, Price Band & Market Lot

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.

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SBI CARDS IPO Review

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SBI Cards IPO Dates & Price Band (Tentative):

 IPO Open:23rd December 2019
 IPO Close:26th December 2019
 IPO Size:Rs. 9500 Crore (Approx)
 Price Band: Rs. 750 Per Share
 Listing on: BSE & NSE
 Retail Portion:35%
 Equity: – Shares

SBI Cards IPO Market Lot:

  • Shares: Apply for 20 Shares (Minimum Lot Size)
  • Minimum Amount: ₹15,000

SBI Cards IPO Allotment & Listing:

  • Basis of Allotment:  December 2019
  • Refunds:  December 2019
  • Credit to Demat accounts: December 2019
  • Listing: December 2019

Read Also
SBI Cards IPO Grey Market Premium
SBI Cards IPO Subscription
SBI Cards IPO Allotment Status
SBI Cards IPO Listing Date

SBI Cards Financial:

(Rs. in Crore) RevenueExpensePAT
2016
2017
2018
2019
Q1 2020

Company Promoters:

  • SBI Bank

Quick Links:
DRHP Draft Prospectus
RHP Draft Prospectus

SBI Cards IPO Registrar:

[Yet to be Final]

SBI Cards IPO Lead Managers:

[Yet to be Final]

Company Address:

SBI Cards Limited

SBI Cards IPO FAQ

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 grey market premium (IPO GMP) will be added on the grey market page as it will start.