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

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

SBI Cards files ₹10,000 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.

Must Apply

SBI CARDS IPO Review

Brokerage Firm SBI Cards IPO Reviews:

  • ICICI Direct: Subscribe
  • Capital Market: Subscribe
  • Axis Capital: Subscribe
  • Centrum Wealth Management: Subscribe
  • JM Financial: Subscribe
  • Angel Broking: Subscribe
  • Hem Securities: Subscribe

SBI Cards IPO Dates & Price Band (Tentative):

 IPO Open:02nd March 2020
 IPO Close:05th March 2020
 IPO Size:Rs. 10,000 Crore (Approx)
 Price Band: Rs. 750 -755 Per Share
 Listing on: BSE & NSE
 Retail Portion:35%
 Equity:13,05,26,798  Shares
Employee Discount: Rs. 15 Per Share.

SBI Cards IPO Market Lot:

  • Shares: Apply for 19 Shares (Minimum Lot Size)
  • Minimum Amount: ₹14,345

SBI Cards IPO Allotment & Listing:

  • Basis of Allotment:  11th March 2020
  • Refunds:  12th March 2020
  • Credit to Demat accounts: 13th March 2020
  • Listing: 16th March 2020

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

SBI Cards IPO Form:

Do you a question in your mind about – How to apply the SBI Cards IPO? Let me explain it. You can apply SBI Cards IPO via ASBA available in your bank account. Just go to the net banking 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 IPO forms – click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

SBI Cards Financial:

(Rs. in Crore) RevenueExpensePAT
2016
2017 3417 2899 371.4
2018 5370 4451 599.3
2019 7287 5955 859.6
H1 2020 4677 3643 727.0

Company Promoters:

  • SBI Bank

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
Email: [email protected]
Website: http://www.linkintime.co.in
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
Email: [email protected]
Website: http://www.sbicard.com/

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.