Ad www.AngelOne.in
FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Ad www.AngelOne.in
IPO Status: Listed [2nd Mar 2020 to 5th Mar 2020]
| IPO Issue Opening Date: | 2nd Mar 2020 |
| IPO Issue Closing Date: | 5th Mar 2020 |
| IPO Issue Price: | ₹750-755 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | 57.55 |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹10,354.77 Cr |
| Offer for Sale: | 13,05,26,798 Shares (₹9,854.77 Cr) |
| Fresh Issue: | 66,22,517 Eq Shares (₹500 Cr) |
| Face Value: | ₹10 Per Equity Share |
| IPO Discount: | Employees ₹75 |
| Promoter Holding Pre IPO: | 74% |
| Promoter Holding Post IPO: | 69.51% |
| Allotment Status: | Allotment Status |
| BSE Code: | 543066 |
| NSE Code: | SBICARD |
Get important updates regarding SBI Cards IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 11th Mar 2020 |
| Refunds Initiation* | 12th Mar 2020 |
| Credit of Shares to Demat* | 13th Mar 2020 |
| IPO Listing Date* | 16th Mar 2020 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹750-755 |
| Market Lot: | 19 Shares |
| 1 Lot Amount: | ₹0 |
| Min Small HNI Lots(2-10 Lakh): | |
| Min Big HNI Lots(10+ Lakh): |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
SBI Cards IPO review covers all the information regarding the company like business, objective, strength, weakness, financials, IPO Price, important dates and much more. The SBI Cards IPO opens on 02-Mar-2020 and closes on 05-Mar-2020. The RHP has been filed on 18th Feb 2020, Shareholders quota cut-off date is same as RHP filing date.
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 the "premium" cardholder category to the "affluent", "mass affluent", "mass" and "new to credit" categories.
The company offers 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, Simply Click, 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 a 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.
| Incorporation | Sector | IPO Issue Size | Website |
| NULL | NULL | ₹10,354.77 Cr | www.sbicard.com |
The Offer comprises of a Fresh Issue and Offer for Sale-
Reservation of up to 18,64,699 equity shares is available for Eligible Employees on a proportionate basis with employee discount of Rs 75 per share. As per RHP, the Eligible Employees can apply up to Rs 5 lakh for the Employee Reservation Portion. However, the initial Allotment will be of Rs 200,000 in case of full or oversubscribed employee category. In the event of under-subscription, the unsubscribed portion will be allotted proportionately to all Eligible Employees who have Bid above Rs 200,000, subject to the maximum limit not exceeding Rs 500,000.
| Shareholders Reservation Portion | Retail or NII | Employee Reservation Portion | |
|---|---|---|---|
| Individual Investor | Up to ₹ 2,00,000 | Up to ₹ 2,00,000 in Retail or above ₹ 2,00,000 in NII | Up to ₹ 5,00,000 |
| Individual Investor | Above ₹ 2,00,000 | Not Allowed | Not Allowed |
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Other | Total | |
|---|---|---|---|---|---|---|---|
| # of Shares Offered | 24,224,003 (24.16%) | 18,341,418 (18.29%) | 42,796,641 (42.68%) | 1,864,669 | 13,052,680 | 100,279,411 | |
| 1 | 2nd Mar 2020 17:02 | 0.00x | 0.12x | 0.62x | 0.80x | 0.69x | 0.39x |
| 2 | 3rd Mar 2020 17:02 | 0.21x | 0.47x | 1.21x | 1.84x | 1.41x | 0.87x |
| 3 | 4th Mar 2020 17:02 | 57.18x | 2.19x | 1.77x | 3.29x | 3.54x | 15.49x |
| 4 | 5th Mar 2020 18:47 | 57.18x | 45.23x | 2.50x | 4.74x | 25.36x | 26.54x |
| 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 |
Last Updated on 15-Mar-2020 23:19:01
Shareholder 23.31 ratio.
Sbi basis 66 out of 79 in retail.
First, see QIB data and analyze it.
GMP is falling