SBI Cards user comments & discussion

User Reviews

34. CA Sachin Jain Mar 02 2020 03:32:44 PM Reply

Coronavirus detected in Delhi and Telangana....!! market crashes! Please be cautious market is not in a good mood. SBi Cards Grey market premium may erode, if same market prevails at the time of listing.

33. Nikunj patel Mar 02 2020 09:27:28 AM Reply

For Retail and Shareholder Application, do I need to submit two ASBA request?

33.1. Samriti joshi Mar 02 2020 09:34:09 AM

Yes, For each application i.e Retail, Shareholder, Employee you need to submit a separate application and submit separate ASBA requests. Each category application is treated as an individual application.

32. IPO GMP Mar 02 2020 09:23:48 AM Reply

SBI Cards GMP 280-285
KOSAK 2800-2900
SUBJECTED TO 5000
As of 02-Mar-2020 9:00 AM

31. Alok Feb 29 2020 07:25:24 PM Reply

I am planning to bid for around 2L-2.5L for SBI IPO, I have only one Demat account and I am a shareholder of SBI with only. What should be the best approach to bid for me

31.1. Vinay Jain Mar 01 2020 01:32:56 PM

For you, the best approach is to apply 1 lot in retail and apply 13 lots in Shareholder Quota. If things will go in your favor, you will get 1 lot in retail and proportionate basis in SH quota.

30. Kuldeep Gautam Feb 29 2020 09:57:34 AM Reply

SBI Cards IPO what Strategy we should follow-
Individual Investor - Rs 2 Lakhs (13 Lots) or NII above 2 Lakhs (14+ Lots)
Shareholder Quota - Rs 2 Lakhs (13 Lots)
Employee - Up to Rs 5 Lakhs, In case of oversubscribing, base is Rs 2 Lakhs.

Experts please comments what is the best strategy to follow for SBI Cards IPO.

30.1. Umesh Thakur Feb 29 2020 10:09:28 AM

I am going to apply from 5 different accounts and my plan is to apply worth of Rs 10 lakhs. I am planning -
1: Retail and NII - 1 Lot from 4 accounts (Total Rs 57,380) and 1 application as NII (48 Lots worth of 6,88,560 ).
2: Shareholder Quota - from 4 Accounts - 1 Lot each (Total Rs 57,380), From 1 account - 13 lots (Total Rs 186485).
This is my plan as of now. Will changes depend on the subscription ratio.

30.2. Deepak Sharma Feb 29 2020 11:38:35 AM

Sir, I am not sure about HNI or NII category is worth. Please confirm what is the advantage u think. I agree 1 lot each in the retail and shareholder category. The game will depend on the subscription numbers.

30.3. Mayank A Feb 29 2020 06:42:14 PM

Hello Kuldeep - my suggestion is

Apply 2L for each shareholder application as the allotment is going to be done on a proportionate basis. This was not the case in Ujjavan. In Ujjavan Bank IPO - Proportionate subject to minimum Bid Lot. That''s why everyone who applied one lot got full allotment.

29. Prakash Feb 29 2020 10:12:08 AM Reply

I have SBI Life insurance Share, am I eligible for SBI Shareholder. Please Confirm.

29.1. Vinay Jain Feb 29 2020 10:14:03 AM

No Sir, Only SBI shareholders are eligible.

28. CA Sachin Jain Feb 29 2020 09:50:05 AM Reply

SBI Cards IPO Anchor List looking very strong. Going to be oversubscribe by more then 20 times.

https://www1.nseindia.com/content/ipo/ANCHOR_SBICARDS.zip

28.1. Rahulk jha Feb 29 2020 09:59:39 AM

Yes, Looking strong. I assume GMP will go above 370 now.

27. Anil Kumar Upadhay Feb 28 2020 10:43:48 PM Reply

Hello Team,

Please update in case we need to change our strategy from SBI Cards IPO over coronavirus fear. As the global market is not reacting positively in the last one week. This is one of the biggest IPO, so please update on this on priority.

27.1. CA Sachin Jain Feb 29 2020 09:43:55 AM

Even though market condition not in favor but as this moment we don't see any issue with SBI cards IPO. This is most awaited IPO and with current GMP which is between 280 to 300, we don't see any major issue.

26. Edelweiss Feb 29 2020 09:22:38 AM Reply

Edelweiss is offering Pre IPO application as well as providing guest IPO application from their pleatform. Apply in SBI Cards IPO with Edelweiss IPO platform for Free.

Edelweiss Pre IPO application as Guest User.

25. IPO GMP Dec 12 2019 10:25:59 AM Reply

SBI Cards IPO - Grey Market Premium as of 12-12-2019: 250-270

25.1. IPO GMP Dec 14 2019 09:52:37 AM

SBI Cards IPO - *GMP Estimated* 14-Dec-2019
GMP 235 +/- 1
Kostak 3400

25.2. IPO GMP Dec 16 2019 09:56:54 AM

SBI Cards IPO

GMP 265 +/- 1
Kostak 3700/- +/- 100

25.3. IPO GMP Dec 19 2019 09:19:30 AM

SBI Card GMPs 235 240 (Dec 19th 2019)

25.4. IPO GMP Jan 01 2020 10:32:16 AM

SBI Cards IPO - Grey Market Premium 237 - 242 @ 31-Dec-2019

25.5. IPO GMP Jan 13 2020 09:00:37 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

25.6. IPO GMP Jan 22 2020 09:40:33 AM

SBI Cards IPO - GMP (Grey Market Premium) 247 - 250 @ 21/Jan/2020
After SEBI approval which is expected in 2 weeks, you will see a sudden move in GMP.

25.7. IPO GMP Jan 28 2020 10:34:44 AM

SBI Cards IPO - GMP 247 - 250 as on 28 Jan 2020

25.8. IPO GMP Feb 07 2020 09:46:17 AM

SBI Cards IPO - GMP 252 - 255 as on 05 Feb 2020. Expecting Approval from SEBI within a week.

25.9. IPO GMP Feb 12 2020 08:19:13 PM

Gmp 285-290.... application 3700 subjected to 4300 @12-Feb-2019

25.10. IPO GMP Feb 20 2020 07:29:25 AM

SBI Cards IPO GMP 315-320 as of 19-02-2020

25.11. IPO GMP Feb 20 2020 10:11:20 AM

SBI Cards IPO GMP: 294- 298 as on 20 Feb 2020 @ 10:00 AM

25.12. IPO GMP Feb 22 2020 09:44:44 AM

SBI Cards IPO GMP - GMP 314-317 as on 21-02-2020@6 PM

25.13. IPO GMP Feb 24 2020 02:23:24 PM

SBI Cards IPO GMP - 326 - 329 as on 24 Feb 2020 @ 11:00 AM (STRONG BUY)
SUBJECT TO SAUDA 5850 - 5950
KOSTAK PRICE 4250 - 4350

25.14. IPO GMP Feb 25 2020 08:48:37 AM

SBI Cards IPO GMP 330-335 as on 25 Feb 2020

25.15. IPO GMP Feb 28 2020 09:56:52 AM

SBI Cards IPO Gmp 350-355 as on 28-02-2020
Made high of 370
Application at 4200
Subjected to 6200 rs