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.

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• Hem Securities: Subscribe

SBI Cards IPO Dates & Price Band:

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:

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: sbicard.ipo@linkintime.co.in
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: investor.relations@sbicard.com
Website: http://www.sbicard.com/