IPO Status: UpComing [Not Yet Announced to Not Yet Announced]
Incorporated Year: 1998
Sector: Banking and Finance
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.
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.
The Offer comprises of a Fresh Issue and Offer for Sale-
Reservation of up to 13,052,680 Equity Shares, available for allocation to SBI Shareholders, on a proportionate basis.
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 Issue Details||Values|
|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)|
|Min Order Qty||TBD|
|Max Retail Qty||TBD|
|Promoter Holding Pre IPO||TBD|
|Promoter Holding Post IPO||TBD|
|IPO Listing At||BSE, NSE|
Past performance and financial results of SBI Cards.
|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|
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.
|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.
Last Updated on 2020-01-18T01:01:49+00:00
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.
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To subscribe or apply in SBI Cards IPO, you can use the following methods:
|SBI Cards IPO Applying Mode||Method||Details|
|Online Application||3-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 Application||2-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.
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 Application||Physical 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.
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?
SBI Cards IPO Application is not yet available.
SBI Cards IPO price for retail investor is ₹615-₹618(Tentative). Company is also offering special discount of TBD.
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?
To apply in one application of SBI Cards IPO you need ₹615-₹618(Tentative)(Issue Price) - TBD (discount) * TBD (Minum Order Qty) =₹TBD.
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.
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 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.
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.
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.
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.
For retail investor, SBI Card IPO can be applied in 2 categories – Shareholder 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.
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