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:
| IPO Open: | 02nd March 2020 |
| IPO Close: | 05th March 2020 |
| IPO Size: | Rs. 10,354.77 Crore |
| Price Band: | Rs. 750 -755 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35% |
| Equity: | 1,37,193,464 Shares |
| Employee Discount: | Rs. 75 Per Share. |
SBI Cards IPO Market Lot:
- Shares: Apply for 19 Shares (Minimum Lot Size)
- Minimum Amount: ₹14,345
- Maximum Amount: ₹1,86,485
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:
Thinking about how to apply the SBI Cards IPO? Here is the answer, You can apply for SBI Cards IPO through the ASBA feature of your bank. Login to your Net Banking option and go to Invest / IPO section. Select the SBI Cards IPO, fill up and check the details and click submit. Another option to apply for SBI Cards IPO is by submitting physical forms to your Bank. For that, you need to download forms – NSE Blank IPO Form / BSE Blank IPO Form, fill the details, and submit the form to the bank.
SBI Cards Financial:
| (Rs. in Crore) | Revenue | Expense | PAT |
| 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/
Pingback: SBI Cards IPO Subscription Data (Live) – IPO Guru
Pingback: Global Markets Tumbling Down, Is It Just Corona Virus? - Above Stocks
Pingback: SBI Card IPO Press Panic Button In The Unlisted Market, Premium Falls – IPO Guru
Pingback: SBI Cards IPO Allotment Status Online, Date & Details » IPO Guru
Pingback: Route Mobile IPO Subscription Data (Live) » IPO Guru