InvestorQ : can anyone give the detail information about the upcoming sbi card ipo .
IPO
rahul kothari made post

can anyone give the detail information about the upcoming sbi card ipo .

Answer
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VIKAS DELIWALA answered.
8 months ago


SBI CARDS IPO:

OPEN DATE : 20 JAN 2020

CLOSE DATE : 22 JAN 2020

LOT SIZE : 24 SHARE

IPO SIZE : 9500 CRORE (APROX)

FACE VALUE : 10 PER SHARE

PRICE BAND : 615 - 618 PER SHARE

LISTING ON : BSE & NSE

RETAIL PORTION : 35%

EQUITY : 13,05,26,798

DISCOUNT : 18 PER SHARE


ALLOTMENT DATE:- 27 JAN 2020

REFUND DATE :- 28 JAN 2020

CREDIT ON DEMAT A/C :- 29 JAN 2020

LISTING DATE :- 30 JAN 2020

CURRENT PREMIUM : 220 - 230

SOURCE : GREY MARKET

FOR MORE DETAILS KINDLY VISIT THE ABOVE SOURCE.


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Juvina Maggie answered.
7 months ago


SBI Cards and Payments is going to launch it’s IPO in the market real soon. The IPO will open on 20-01-2020 and will close within 2-3 days. The offer comprises a fresh issue and an offer for sale.

Who can apply?
SBI shareholders reservation in IPO:
Investors who hold SBI shares on the cut-off date (the date of filing RHP with SEBI) are eligible to apply under the shareholder's category of SBI Cards IPO. The maximum limit that has been set up for these investors is Rs 2 lakhs.

SBI employees Reservation:

Full-time or permanent employees of SBI (as on RHP filing date) can apply in the SBI Employees category of SBI Cards IPO. The maximum limit defined to apply in the Employee category is ₹5 lakhs. The maximum allotment to employees cannot be above ₹2 lakhs when the category is fully or oversubscribed.

Individual Investors (Retail Category):

Remaining fresh issue. Here’s a summary of how investors can invest under different categories:
Investors Portion: QIB = Not More than 50% of the offer, NII = Not less than 15% of the offer and Retail = Not less than 35% of the offer

Employee Reservation Portion: Up to 1,864,669 Equity Shares
Shareholders Reservation Portion: Up to 13,052,680 Equity Shares
An individual can also apply in the Shareholders category (any amount) if he holds the State Bank of India (SBI) shares in his Demat account on the day of filing the SBI Card IPO.

The maximum bid amount for Retail Individual Bidders and Eligible Shareholders Bidding in the Shareholder Reservation Portion is up to ₹200,000.
Note that, individual investor applying as NII (over ₹2 lakhs) is not eligible to apply in Shareholder category.



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Shruti Nair answered.
6 months ago


SBI Cards and Payment Services Limited is a subsidiary of the State Bank of India which was launched in October 1998. It is the 2nd largest credit card issuer in India. Its share of the credit card market rose from 17.6% in March 2019 to 18.1% in November 2019.

  • The SBI Cards IPO will open on 2nd March 2020 and close on 5th March 2020.
  • The company is aiming to raise a capital of Rs. 9,000 crores.
  • The IPO will be a mix of fresh issue and an offer-for-sale (OFS)
  • SBI Cards and Payment Services Ltd. plans to issue new shares worth Rs.500 crores and will offer up to 130.5 million shares for sale
  • The price band of the SBI Cards IPO has been fixed at Rs.750-755 per share
  • The lot size of the IPO has been fixed at 19 shares

Hope the answer helped.

Happy Investing!