SBI Cards IPO Review

IPO Status: UpComing [Not Yet Announced to Not Yet Announced]

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Incorporated Year: 1998
Sector: Banking and Finance
Website: www.sbicard.com

SBI Cards and Payment Services Limited IPO

SBI Cards IPO is upcoming IPO. Dates and Price of IPO is not yet decided. We will update the information once RHP will be submitted to SEBI.

The cutoff Date (Last Date) to buy SBI share under Shareholders quota is not yet finalized, so to participate in shareholders quota you can buy SBI share now.

About SBI Cards and Payment Services Limited

The subsidiary of State Bank of India (SBI), SBI Cards and Payment Services Limited is the 2nd largest credit card issuer in India. The company covers "premium" cardholder category to the "affluent", "mass affluent", "mass" and "new to credit" categories.

The company offer an extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel and fuel, shopping, banking partnership cards and corporate cards covering all major cardholder segments in terms of income profiles and lifestyles.

The credit card portfolio of the company includes SBI Card-branded credit cards as well as co-branded credit cards that bear both the SBI Card brand and co-brand partners’ brands. The company offers four primary SBI Card - branded credit cards: SimplySave, SimplyClick, Prime and Elite. For co-brand credit cards, the company has partnership with travel, fuel, fashion, healthcare and mobility industries like Air India, Apollo Hospitals, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra, among others.

The company offers credit cards in partnership with the Visa, MasterCard and RuPay payment networks.

The company's total income increased at a CAGR of 44.9% and the revenues from operations have increased at a CAGR of 44.6% from 2017 to 2019. The net profit increased by CAGR of 52.1% during this period.

The company has a sales force of 33,086 employees in 133 Indian cities and has access to SBI's network of 22,007 branches across India and their 436.4 million customers to market its products.

SBI Cards IPO Objective

The Offer comprises of a Fresh Issue and Offer for Sale-

  1. The Offer for Sale- The object of the Offer for Sale is to allow the Selling Shareholders to sell Equity Shares held by them.
  2. Fresh Issue- To utilize the net proceeds of the Fresh Issue to meet company's future capital requirements.

SBI Shareholders Quota - Reservation Portion

Reservation of up to 13,052,680 Equity Shares, available for allocation to SBI Shareholders, on a proportionate basis.

SBI Cards IPO Details

SBI Cards IPO details includes issue size, issue price, discount information, minimum and maximum order quantity, promoters holding details, NSE and BSE code.

    SBI Cards IPO Details
    SBI Cards Issue Details Values
    IPO Category Mainline
    IPO Issue Type Book Built Issue IPO
    IPO Issue Size 13,86,17,412 Shares
    Fresh Issue 80,90,614 Shares worth of ₹500 Cr
    Face Value ₹10 Per Equity Share
    IPO Issue Price ₹615-₹618(Tentative)
    IPO Discount TBD
    Market Lot 24(Tentative)
    Min Order Qty TBD
    Max Retail Qty TBD
    Promoter Holding Pre IPO TBD
    Promoter Holding Post IPO TBD
    IPO Listing At BSE, NSE
    BSE Code
    NSE Code

SBI Cards Financials for past 3 Years

Past performance and financial results of SBI Cards.

    SBI Cards financial
    SBI Cards IPO Financials 30-Sep-2019 31-Mar-2019 31-Mar-2018 31-Mar-2017
    Total Assets ₹24459.14 Cr ₹20239.63 Cr ₹15686.00 Cr ₹10764.99 Cr
    Total Expense ₹3642.62 Cr ₹5955.24 Cr ₹4450.85 Cr ₹2899.42 Cr
    Total Revenue ₹4677.21 Cr ₹7286.83 Cr ₹5370.19 Cr ₹3471.04 Cr
    Net Profit/Loss ₹725.88 Cr ₹862.72 Cr ₹601.14 Cr ₹372.86 Cr

SBI Cards IPO Strengths

  • 2nd largest credit card issuer in India.
  • Diversified customer acquisition capabilities.
  • Industry expertise and a demonstrated track record of growth and profitability.
  • Supported by a strong brand and pre-eminent Promoters.
  • Diversified portfolio of credit card offerings.
  • Advanced risk management and data analytics capabilities.
  • Modern and scalable technology infrastructure.
  • Highly experienced and professional management team.

SBI Cards IPO Threats/Weaknesses

  • Loss or reduction in the level of support received from
  • Competition from other credit card issuers and payment solutions providers.
  • Company may not be successful in implementing growth strategies or penetrating new markets or services.

SBI Cards IPO Recommendations

SBI Cards IPO Important Dates

In this section we have covered all imporatant dates related to SBI Cards IPO. Dates are updated as they are announced. The most noted dates are IPO start date and IPO end date, which one should use to participate in IPO.

    SBI Cards IPO important dates
    IPO Activity Date
    IPO Issue Open Date Not Yet Announced
    IPO Issue Close Date Not Yet Announced
    Basis of Allotment Finalisation Date* Not Yet Announced
    Refunds Initiation* Not Yet Announced
    Credit of Shares to Demat Account* Not Yet Announced
    IPO Listing Date* Not Yet Announced

* - Tentative Dates

SBI Cards IPO Draft Prospectus >>Document

SBI Cards IPO Red Herring Prospectus >>SBI Cards IPO Red Herring Prospectus is not yet available, will update the link once its availble for Investors.

SBI Cards IPO Allotment Status >>SBI Cards IPO Allotment is not declared yet, expected to be declear by Not Yet Announced, will provide the link once allotment is out.

Company Address

SBI Cards and Payment Services Limited
2nd Floor, Tower-B,
Infinity Towers, DLF Cyber City,
Block 2 Building 3, DLF Phase 2,
Gurugram, Haryana 122 002, India
Website: www.sbicard.com
Email: [email protected]
Phone: +91 (11) 6126 8100

Registrar

Link Intime India Private Limited
C-101, 1st Floor,
247 Park Lal Bahadur Shastri Marg,
Vikhroli (West) Mumbai – 400 083 Maharashtra, India
Email: [email protected]
Website: www.linkintime.co.in
Contact Person: Shanti Goplakrishnan

Lead Manager

  • Kotak Mahindra Capital Company Limited
  • Axis Capital Limite
  • DSP Merrill Lynch Limited
  • HSBC Securities and Capital Markets (India) Private Limited
  • Nomura Financial Advisory and Securities (India) Private Limited
  • SBI Capital Markets Limited
  • SBI Cards IPO Important dates - Issue Open Date, close Date, IPO Listing Date. IPO Details - Offer Size, Issue Size, Type of IPO, Issue Price, Market Lot, BSE Cd, NSE Cd, IPO Listing date. What is the issue open date and close date for SBI Cards? Should I apply in SBI Cards IPO?

    Last Updated on 2020-01-18T01:01:49+00:00

    SBI Cards IPO FAQs

    1. 1 .How to subscribe SBI Cards IPO in Zerodha?

      Now you can apply in online IPO application via Zerodha back office software "console". You can subscribe SBI Cards IPO with Zerodha. You need to apply application online using UPI payment mode. To purchase SBI Cards IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detail article Step by Step Guide to apply SBI Cards IPO with Zerodha.

      Alternate approch to apply in SBI Cards IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.

      SBI Cards IPO Review and Important Updates

      Other revelevent question on same topics are:

      How to subscribe SBI Cards IPO Zerodha? How to purchase SBI Cards IPO on Zerodha? SBI Cards IPO how to buy Zerodha? SBI Cards IPO Zerodha apply. SBI Cards IPO purchase Zerodha. SBI Cards IPO with Zerodha. SBI Cards IPO at Zerodha. SBI Cards IPO kite Zerodha. SBI Cards IPO using Zerodha. SBI Cards IPO via Zerodha.

      Discuss this question

    2. 2 .How to apply in SBI Cards IPO online?

      Apply in SBI Cards IPO online

      To subscribe or apply in SBI Cards IPO, you can use the following methods:

      SBI Cards IPO Applying ModeMethodDetails
      Online Application3-in-1 Trading Account

      If your broker is 3-in-1 service provider, you can apply in SBI Cards IPO directly with your brokers website. Example HDFC Security, ICICI Direct, AxisDirect and so on are 3-in-1 brokers provide you direct IPO investment.

      Online Application2-in-1 Trading Account

      Brokers like Zerodha, TradeSmart Online are providing you access to applying in SBI Cards IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online.

      Online ApplicationASBA

      This is one of the most popular mode of applying in SBI Cards IPO. Max syndicate bank provide you access to apply in SBI Cards IPO via ASBA process. You must have your net banking access, DP ID information to apply in SBI Cards IPO via ASBA. Bank like Axis, SBI allows you to apply max 5 application from one bank account. Where ICICI, HDFC bank have limit of one IPO ASBA application per account.

      Offline ApplicationPhysical Form

      You can apply in SBI Cards IPO via physical application, but you can’t apply physical application via ASBA. You need to apply physical application via UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app.

      SBI Cards IPO Review and Important Updates

      Other revelevent question on same topics are:

      Where to subscribe SBI Cards IPO? Where to apply for SBI Cards IPO? How to subscribe SBI Cards IPO online? SBI Cards IPO where to apply? Where to buy SBI Cards IPO online? How to buy SBI Cards IPO online? How to purchase SBI Cards IPO? How to get SBI Cards IPO? How to book SBI Cards IPO? How to invest SBI Cards IPO? SBI Cards IPO kaise buy kare?

      Discuss this question

    3. 4 .What is the listing date of SBI Cards IPO?

      SBI Cards IPO is going to be list on TBD.

      Other revelevent question on same topics are:

      When SBI Cards IPO will be listing? SBI Cards IPO listing date?SBI Cards IPO date of listing

      Discuss this question

    4. 5 .When SBI Cards IPO will be allocated?

      SBI Cards IPO Allotment Date is TBD.

      Other revelevent question on same topics are:

      SBI Cards IPO share allotment date?SBI Cards IPO allotment date?

      Discuss this question

    5. 6 .When SBI Cards IPO will be open?

      SBI Cards IPO Issue Open Date is TBD.

      Other revelevent question on same topics are:

      SBI Cards IPO start date? When SBI Cards IPO Open Date? When to invest in SBI Cards IPO?

      Discuss this question

    6. 7 .When SBI Cards IPO will be close?

      SBI Cards IPO Issue Close Date is TBD.

      Other revelevent question on same topics are:

      SBI Cards IPO end date? When SBI Cards IPO Close Date? Last Date to invest in SBI Cards IPO?

      Discuss this question

    7. 8 .What is price of SBI Cards IPO for retail investor?

      SBI Cards IPO price for retail investor is ₹615-₹618(Tentative). Company is also offering special discount of TBD.

      Discuss this question

    8. 9 .What is lot size of SBI Cards IPO for retail investor?

      SBI Cards IPO lot size for retail investor is TBD(Min) and TBD (Max).

      Other revelevent question on same topics are:

      SBI Cards IPO lot details? SBI Cards IPO market lot? SBI Cards IPO details lot size?

      Discuss this question

    9. 10 .Can I invest in SBI Cards IPO via UPI?

      Yes, you can invest in SBI Cards IPO via UPI. If aplying online you can use UPI as well as ASBA any one process, if applting in physical form UPI is mandatory.

      Discuss this question

    10. 11 .What is minimum amount retail investor need to apply for one application of SBI Cards IPO?

      To apply in one application of SBI Cards IPO you need ₹615-₹618(Tentative)(Issue Price) - TBD (discount) * TBD (Minum Order Qty) =₹TBD.

      Discuss this question

    11. 12 .What is the shareholders cutoff date in SBI Cards ipo?

      The cut-off date for SBI Card Shareholders has not yet announced. You can invest in SBI shares to participate in SBI Cards IPO. When applying in IPO, you will get an option for Shareholders Quota, in case you are eligible candidate, you must apply 1-2 lots in the shareholder category. Simaltonusly, you can apply 1 lot in a retail category also. As per SBI Cards IPO DRPH, 13,052,680 Equity Shares are reserved for SBI Shareholders, on a proportionate basis.

      Discuss this question

    12. 13 .How to apply SBI Cards IPO under shareholder quota?

      The cut-off date for the SBI Shareholder quota is yet to decide (Usually it is RHP filling date). In case you are eligible for shareholding quota, you must apply min one application under shareholding quota. You can apply min 1 application in the retail category also. When you submit application online you will find an option for shareholders as well as retail categories, both of your applications are valid. Try to apply in both the category.

      In case you apply in shareholder quota, you can not apply in HNI quota. If you apply shareholder quota and HNI quota then both bid will be rejected.

      Process of applying share under Shareholder category will be same (ASBA or UPI), you need to select category as shareholder. Shareholder Category Reservation is 13,052,680 Equity Shares.

      SBI Cards IPO Review and Important Updates

      How to download online application form for SBI Cards IPO?

      Discuss this question

    13. 14 .What is SBI card ipo expected date?

      SBI Card IPO expected date is 20th Jan 2019 to 22nd Jan 2019. This is Tentative dates, can be changed in future.

      Discuss this question

    14. 15 .What is sbi card ipo rhp filling date?

      SBI cards IPO - DRHP filled on Nov 26, 2019. Expected date for RHP is the 3rd or 4th week of Dec 2019. This is a tentative date.

      Discuss this question

    15. 16 .What is SBI cards ipo size?

      SBI Cards expected size is 13,86,17,412 Shares=8563.20Crs. This is a tentative information and will be confiremd aftr RHP filling.

      Discuss this question

    16. 17 .How will be allotment done in SBI Cards Shareholder Quota?

      SBI Cards shareholding quota is going to be oversubscribed. In past IPOs, the cutoff date for shareholding quota was announced in DHRP. But in SBI Card IPO the cutoff date for the shareholder is going to be RHP filling date. This gave enough time for investors to add SBI share in their account. The allotment for Shareholder quota is done on a proportionate basis. In such case, you will sure shot get the shares, but the quantity will be depending on oversubscription value.

      For example Ujjivan IPO shareholder quota – Allotment Ratio - 400(1 Lot), 417 (2 Lots),435 (3 Lots),452 (4 Lots),469 (5 Lots),487 (6 Lots),504(7 Lots),521(8 Lots),539(9 Lots),556(10 Lots),573(11 Lots),590(12 Lots),608(13 Lots),625 (14 Lots).

      By seeing the above scenario, we recommend to apply 1 application under the shareholder category, so you will get a max of your investment.

      Discuss this question

    17. 18 .How much I can apply in SBI Cards IPO shareholder category only?

      When you are applying in the SBI cards shareholding category only, you can apply max up to ₹2 lakhs. The allotment is going to be done on a proportionate basis.

      Discuss this question

    18. 19 .How much shares I can apply in SBI Cards IPO shareholder category and retail category both?

      When you are applying in SBI Card IPO in shareholding and retail both the categories. You can apply Maximum ₹2 lakhs in Shareholding and Max ₹2 lakhs in the Retail category. So in total, you can apply a maximum ₹4 lakhs.

      Discuss this question

    19. 20 .How much I can apply in SBI Card IPO shareholder category, retail category and employee category?

      If you are eligible for the employee category and shareholder category, you can also apply in the retail category.  In this case, you are eligible for all 3 categories. The maximum investment you can do is ₹6 lakhs. ₹2 lakhs in Shareholder Quota + ₹2 Lakhs in Employee Quota + ₹2 Lakhs in Retail Quota.

      Discuss this question

    20. 21 .How to get maximum allotment in SBI Cards IPO?

      For retail investor, SBI Card IPO can be applied in 2 categoriesShareholder Quota and Retail Quota. To get maximum allotment, one can try to get a minimum of 1 share of SBI before the cutoff date to apply in the shareholder category. Shareholder category allotment is going to be done via a proportionate basis. So if you are a shareholder in SBI, you are going to get shares by sure. The retail category is going to be decided by lottery mechanism in case oversubscribe. To avail maximum allotment one needs to apply in both the category up to ₹2 lakhs.

      Discuss this question

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    User Comments

    avatar
    11. Rajiv Malhotra  1/18/2020 9:29:19 AM Reply
    Anthony Waste Handling Cell Ltd IPO coming by last week of January, Please open a new page for discussion.
    avatar
    10. IPO Updates  1/3/2020 10:35:48 AM Reply
    SBI Cards IPO

    Market''s Current Estimates of oversubscription:

    RII = 30.00L Forms = 1.66X Applic. wise (Avg allotment of ~14.43 shares per lot)
    NII = 220K Crs. = ~191.85X
    SH = 155K Crs. = ~192.15X

    Interest cost @11.00%p.a. for 7days = 130.37paise for 1X

    Thus, for NII the costing = 191.85 X 130.37paise = Rs.250.13 per share (= GMP)

    And, for RII the costing = 14.43 X 250.13 = Rs. ~3610/- (= Kostak)

    Thus, for SH the costing = 192.15 X 130.37paise = Rs.250.51 per share (= GMP)

    SBI Cards IPO -

    GMP Estimated- GMP 250

    Kostak 3600/- +/- 50



    SBI Cards IPO - Breakeven / Justification of the current GMP

    Assuming:

    1) The issue size to be of Rs.8,500 Crs
    And

    2) A stupendous demand for leverage, will allow the NBFCs to make hay while the sun shines, and giving them the opportunity to charge a higher rate of interest of 11%pa for 7 days


    In that case:

    A) The NII category size will be Rs.1,147Cr and the interest cost will be Rs.250/- ... only if NII category receives appllications worth approximately Rs.2.20L Crs.

    Additionally,

    B) The SBI Shareholder category size will be Rs.807Cr. and the interest cost will be Rs.250/- ... only if SBI Shareholder category receives appllications worth approximately Rs.1.55L Crs.


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    To my mind these numbers look insane, and hence the current GMP of Rs.250/- beats all sense of logic from this point of view.

    However, the collective wisdom of the market is supreme. Hence, shall be interesting to watch how the Grey Market Premium moves over the next 6 weeks


    SBI Cards IPO - Beneficiaries of the IPO proceeds


    Fresh Issue is to Rs.500Crs. (Money to be received by SBI Cards and Payment Services)

    And the Offer for Sale is of 130,526,798 Equity Shares

    Out of which:

    A) SBI is selling 37,293,371 Equity Shares (Money to be received by SBI Bank)

    B) CA ROVER HOLDINGS is selling 93,233,427 Equity Shares (Money to be received by an entity ultimately controlled by the Carlyle group)

    So it is definitely not an IPO by the Government of India. However, please note the largest beneficiary of the proceeds of this IPO will be an American Private Equity Fund.

    Now give a moment to introspect, would a capitalist fund manager leave an unreasonable amount on the table for the IPO investors?
    avatar
    10.1. Vinay Jain  1/13/2020 9:02:17 AM
    RHP for SBI Cards is not yet filled - Expected in Feb First Week.
    avatar
    9. IPO GMP  12/12/2019 10:25:59 AM Reply
    SBI Cards IPO - Grey Market Premium as of 12-12-2019: 250-270
    avatar
    9.1. IPO GMP  12/14/2019 9:52:37 AM
    SBI Cards IPO - *GMP Estimated* 14-Dec-2019
    GMP 235 +/- 1
    Kostak 3400
    avatar
    9.2. IPO GMP  12/16/2019 9:56:54 AM
    SBI Cards IPO

    GMP 265 +/- 1
    Kostak 3700/- +/- 100
    avatar
    9.3. IPO GMP  12/19/2019 9:19:30 AM
    SBI Card GMPs 235 240 (Dec 19th 2019)
    avatar
    9.4. IPO GMP  1/1/2020 10:32:16 AM
    SBI Cards IPO - Grey Market Premium 237 - 242 @ 31-Dec-2019
    avatar
    9.5. IPO GMP  1/13/2020 9:00:37 AM
    SBI Cards IPO - GMP 240 to 245 (H:275 L:198), Kostak - 3300-3400 (H:3500 L:1200), Sabject to Sauda - 3800-3900 as on 12-Jan 2019
    avatar
    8. IPO Updates  12/17/2019 9:28:45 AM Reply
    Equitas Small Finance Bank, a subsidiary of Equitas Holdings, on December 16 filed the draft red herring prospectus (DRHP) with the SEBI for an initial public offering (IPO).

    The IPO will comprise of a fresh issue aggregating up to Rs 550 crore and an offer for sale of up to eight crore equity shares by Equitas Holdings.

    Rs 100 Cr - EHL Shareholding Quota
    Rs 5 Cr - Employee Quota

    The bank expects to raise around Rs 1000 Cr through the issue.

    Equitas Holdings Limited (EHL) is the promoter of the company.

    JM Financial, Edelweiss Financial Services and IIFL Securities are the lead managers to the issue.

    The equity shares of the company will be listed on the BSE and the NSE.
    avatar
    7. Shashikant Kuswaha  12/15/2019 10:36:18 AM Reply
    Can I buy SBI shares in Monday 16 December 2019 for shareholders category of SBI card IPO.?
    avatar
    7.1. Vinay Jain  12/15/2019 7:54:11 PM
    Yes, as of now RHP is pending. You can add few stocks in your portfolio.
    avatar
    6. Vijay Jain  12/11/2019 9:06:09 AM Reply
    Prince Pipes & Fittings IPO - Issue Information *(Tentative)*

    Issue Opens on: 17 Dec 2019
    Issue Closes on: 19 Dec 2019
    Issue Type: Book Built Issue IPO
    Issue Size: 30,00,000 Shares
    Face Value: ₹.10 per Share
    Issue Price: ₹.188 - ₹.200 per Share *(Tentative)*
    Discount: NIL
    Market Lot: 75 Shares
    Listing At: NSE, BSE

    Equity Shares outstanding prior to the Issue = 9,00,15,816 Shares
    Offer for Sale of 1,00,00,000 @200/- = ₹.200Crs
    Fresh Issue of 2,00,00,000 @200/- = ₹.400.00Crs
    Equity Shares outstanding after the Issue = 11,00,15,816 Shares

    Category-wise Break up:
    Anchor - 90,00,000 Shares = 180Crs
    QIB - 60,00,000 Shares = 120Crs
    NII - 45,00,000 Shares = 90Crs
    RII - 1,05,00,000 Shares = 210Crs (Lot size: 75 = 1,40,000 Forms)
    Total Issue - 3,00,00,000 Shares = 600Crs.

    Subscription required for 1X
    RII = 1,40,000 Forms
    NII = 90Crs
    avatar
    5. Pooja Agrawal  12/10/2019 3:19:58 PM Reply
    Sir, I have SBI Insurance shares in my holding, Am I eligible for SBI Cards IPO shareholders quota?
    avatar
    5.1. IPO Online Application  12/10/2019 3:31:37 PM
    No, SBI Insurance is not the parent company of SBI Cards. To get Shareholder quota you need to have SBIN shares.
    avatar
    4. IPO Potter  12/7/2019 11:48:20 AM Reply
    Equitas Small Finance Bank ltd has approved sale of 4,74,58,239 equity shares of Rs 10 each at a price of Rs 52.68 per equity share aggregating to Rs 250 crore, by private placement to investors. Shall amount to a stake of 4.51% in the post issue share capital of the Bank. Grey Market activity taking place near about 24-25 now. IPO is expected in mid Jan 2020.
    avatar
    3. IPO Guru  12/6/2019 10:20:25 AM Reply
    SBI Cards IPO - Important Dates *(Tentative)*
    • 15th Jan 2020 - Announcement of Price Band
    • 17th Jan 2020 - Anchor Investors Allotment
    • 20th Jan 2020 - Offer Opens
    • 22nd Jan 2020 - Offer Closes
    • 27th Jan 2020 - Finalisation of Basis of Allotment
    • 28th Jan 2020 - Unblocking of ASBA Accounts
    • 29th Jan 2020 - Credit of Equity Shares to Depository Accounts
    • 30th Jan 2020 - Commencement of Trading (Target is to List before Budget date)
    SBI Cards IPO - Issue Information *(Tentative)*
    • Issue Opens on: 20 January 2020
    • Issue Closes on: 22 January 2020
    • Issue Type: Book Built Issue IPO
    • Issue Size: 13,86,17,412 Shares
    • Face Value: Rs.10/- per Share
    • Issue Price: Rs.615 - Rs.618 per Share *(Tentative)* (Revised)
    • Discount: Rs.18/- (for Employees)
    • Market Lot: 24 Shares
    • Listing At: NSE, BSE
    SBI Cards IPO - Detail
    • Equity Shares outstanding prior to the Issue=93,23,34,278 Shares
    • Employee Reservation of 18,64,669 Shares @600/-=Rs.111.88Crs (after discount of ~3%)
    • SBI Shareholders Reservation of 1,30,52,680 Shares @618/-=Rs.806.66 Crs (Discount - NIL)
    • Net Offer for Sale of 11,56,09,449 @618/-=Rs.7144.66Crs
    • Fresh Issue of 80,90,614 @618/-=Rs.500.00Crs
    • Equity Shares outstanding after the Issue=94,04,24,892 Shares
    SBI Cards IPO - Category-wise Break up
    • Anchor - 3,71,10,019 Shares=2,293.40Crs
    • QIB - 2,47,40,012 Shares=1,528.93Crs
    • NII - 1,85,55,010 Shares=1,146.70Crs
    • RII - 4,32,95,022 Shares=2,675.63Crs (Lot size: 24=18,03,959 Forms)
    • SBI Shareholders - 1,30,52,680 Shares=806.66Crs
    • Quota - 18,64,669 Shares=111.88Crs (@600 per Share)
    • Total Issue - 13,86,17,412 Shares=8563.20Crs.
    SBI Cards IPO - GMP Calculation

    Subscription required for 1X

    • RII=18,03,959 Forms
    • NII=1,146.70Crs
    • SBI Cards IPO - *Market's Current Estimates of oversubscription*:
    • RII=30.00L Forms=1.66X Applic. wise (Avg allotment of ~14.43 shares per lot)
    • NII=80.0K Crs.=~69.77X
    • Interest cost @9.00%p.a. for 7days=106.67paise for 1X
    • Thus, for NII the costing=69.77 X 106.67paise=Rs.74.42 per share (=GMP)
    • And, for RII the costing=14.43 X 74.42=Rs. ~1218(=Kostak)
    • SBI Cards IPO - *GMP Estimated*
    • GMP 75 +/- 1
    avatar
    3.1. Ajit Singh  12/6/2019 10:39:48 AM
    Great information IPO Guru Sir, Thx for Update. Can I buy share today to avail SBI Shareholders Reservation?
    avatar
    2. Sachin Dad  12/5/2019 1:55:03 PM Reply
    What is the record date for SBI shareholders?
    avatar
    2.1. IPO Potter  12/5/2019 3:02:19 PM
    The date is not yet announced, you have change to add SBI shares to participate in SBI Cards Shareholders quota. Usually, the record date is the date when RPH files.
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    2.2. AMIT KUMAR GUPTA  12/6/2019 9:28:08 AM
    As per page no-56 and 404 DRHP, the cutoff date for the Shareholder category is the date of submission of Red Hearing Prospectus. This has changed recently after the Ujjivan IPO response. Going f/w, this will be a standard practice.

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