SBI Cards IPO GMP Today, SBI Cards Grey Market Premium

IPO Grey Market Premium

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.

As the market is not going so well, therefore, the premium has also fallen down, but this SBI Cards IPO is expected to go Over Subscribe. Check out SBI Cards IPO grey market premium, Kostak rates and subject to sauda rates as on today.

Also Check: SBI Cards IPO Subscription Status Live

SBI Cards IPO GMP Rates day by day with Kostak Rates

  • Grey market premium as on today is ₹30-35, Kostak ₹0 & Subject to Sauda is ₹0
  • Grey market premium as on 12-03-2020 is  (-) ₹20-25 , Kostak ₹0 & Subject to Sauda is ₹0
  • Grey market premium as on 11-03-2020 is ₹50-55, Kostak ₹600 & Subject to Sauda is ₹0
  • Grey market premium as on 10-03-2020 is ₹70-75, Kostak ₹600 & Subject to Sauda is ₹0
  • Grey market premium as on 09-03-2020 is ₹70-75, Kostak ₹800 & Subject to Sauda is ₹0
  • Grey market premium as on 08-03-2020 is ₹90-95, Kostak ₹1000 & Subject to Sauda is ₹0
  • Grey market premium as on 07-03-2020 is ₹120-125, Kostak ₹1400 & Subject to Sauda is ₹0
  • Grey market premium as on 06-03-2020 is ₹110-115, Kostak ₹1600 & Subject to Sauda is ₹0
  • Grey market premium as on 05-03-2020 is ₹185-195, Kostak ₹1800 & Subject to Sauda is ₹0
  • Grey market premium as on 04-03-2020 is ₹165-165, Kostak ₹1700 & Subject to Sauda is ₹3000
  • Grey market premium as on 03-03-2020 is ₹115-125, Kostak ₹1400 & Subject to Sauda is ₹2300
  • Grey market premium as on 02-03-2020 is ₹250-255, Kostak ₹2200 & Subject to Sauda is ₹4000
  • Grey market premium as on 01-03-2020 is ₹270-275, Kostak ₹2500 & Subject to Sauda is ₹4800
  • Grey market premium as on 29-02-2020 is ₹300-305, Kostak ₹3000 & Subject to Sauda is ₹4800
  • Grey market premium as on 28-02-2020 is ₹310-315, Kostak ₹3300 & Subject to Sauda is ₹4800
  • Grey market premium as on 27-02-2020 is ₹320-325, Kostak ₹3500 & Subject to Sauda is ₹4800
  • Grey market premium as on 26-02-2020 is ₹330-335, Kostak ₹3800 & Subject to Sauda is ₹4800
  • Grey market premium as on 25-02-2020 is ₹340-345, Kostak ₹4000 & Subject to Sauda is ₹5000
  • Grey market premium as on 24-02-2020 is ₹310-320, Kostak ₹3500 & Subject to Sauda is ₹4500
  • Grey market premium as on 23-02-2020 is ₹310-320, Kostak ₹3500 & Subject to Sauda is ₹4500
  • Grey market premium as on 22-02-2020 is ₹310-320, Kostak ₹3500 & Subject to Sauda is ₹4500
  • Grey market premium as on 21-02-2020 is ₹310-320, Kostak ₹3500 & Subject to Sauda is ₹4500
  • Grey market premium as on 20-02-2020 is ₹310-320, Kostak ₹3500 & Subject to Sauda is ₹4500
  • Grey market premium as on 19-02-2020 is ₹290-300, Kostak ₹3500 & Subject to Sauda is ₹4500
  • Grey market premium as on 18-02-2020 is ₹290-300, Kostak ₹3500 & Subject to Sauda is ₹4500
  • Grey market premium as on 17-02-2020 is ₹290-300, Kostak ₹3500 & Subject to Sauda is ₹4500
  • Grey market premium as on 16-02-2020 is ₹290-300, Kostak ₹3500 & Subject to Sauda is ₹4500
  • Grey market premium as on 15-02-2020 is ₹290-300, Kostak ₹3700 & Subject to Sauda is ₹4300
  • Grey market premium as on 14-02-2020 is ₹290-300, Kostak ₹3700 & Subject to Sauda is ₹4300
  • Grey market premium as on 13-02-2020 is ₹290-300, Kostak ₹3700 & Subject to Sauda is ₹4300
  • Grey market premium as on 12-02-2020 is ₹230-240, Kostak ₹3000 & Subject to Sauda is ₹4000

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. 745 -775 Per Share
 Listing on: BSE & NSE
 Retail Portion:35%
 Equity: 13,76,69,655  Shares
Retail Discount: Rs. 18 Per Share.

SBI Cards IPO Market Lot:

  • Shares: Apply for 19 Shares (Minimum Lot Size)
  • Minimum Amount: ₹14,700

SBI Cards IPO Allotment & Listing:

  • Basis of Allotment:  12th March 2020
  • Refunds:  13th March 2020
  • Credit to Demat accounts: 16th March 2020
  • Listing: 17th March 2020

Read Also
SBI Cards IPO Subscription
SBI Cards IPO Allotment Status
SBI Cards IPO Listing Date

Disclaimer:

– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies