SBI Cards IPO Details
SBI Cards IPO description – SBI Cards – a subsidiary of India’s largest commercial bank – is the second-largest credit card issuer in India, with a 17.6% and 18.0% market share of the Indian credit card market in terms of the number of credit cards outstanding as of 31 March 2019 and 30 September 2019, respectively, and a 17.1% and 17.9% market share of the Indian credit card market in terms of total credit card spends in fiscal 2019 and in the six months ended 30 September 2019, respectively. The company started operations in 1998 and now 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 company has grown its business faster than the Indian credit card market over the past three years both in terms of numbers of credit cards outstanding and amounts of credit card spends. From 31 March 2017 to 31 March 2019, its total credit card spends grew at a 54.2% CAGR (as compared to a 35.6% CAGR for the overall credit card industry) and the number of our credit cards outstanding grew at a 34.5% CAGR (as compared to a 25.6% CAGR for the overall credit card industry). SBI Cards employs a diversified customer acquisition network that enables it to engage prospective customers across multiple channels. It deploys a sales force of 33,086 outsourced sales personnel as of 30 September 2019 operating out of 133 Indian cities.
Promoters of SBI Cards – State Bank of India (SBI)
| SBI Cards IPO details | |
| Subscription Dates | 2 – 5 March 2020 |
| Price Band | INR750 – 755 per share (employee discount – INR75 per share) |
| Fresh issue | INR500 crore |
| Offer For Sale | 130,526,798 shares (INR9,789.5 – 9,854.8 crore) |
| Total IPO size | INR10,289.5 – 10,354.8 crore |
| Minimum bid (lot size) | 19 shares |
| Face Value | INR10 per share |
| Retail Allocation | 35% |
| Listing On | NSE, BSE |
|
SBI Cards’ financial performance (in INR crore) |
||||
| FY2017 | FY2018 | FY2019 | 9M FY2020 | |
| Revenue | 3,471.0 | 5,370.2 | 7,286.8 | 7,240.2 |
| Expenses | 2,899.4 | 4,450.8 | 5,955.2 | 5,621.5 |
| Net income | 371.4 | 599.3 | 859.6 | 1,160.4 |
| Net margin (%) | 10.7 | 11.2 | 11.8 | 16.0 |
SBI Cards Contact Details
SBI Cards and payment Services Limited
2nd Floor, Tower-B, Infinity Towers,
DLF Cyber City, Block 2 Building 3,
DLF Phase 2, Gurugram – 122 002
Phone: +91 124 458 9803
Email: [email protected] Website: www.sbicard.com
Registrar of SBI Cards IPO
Link Intime India Private Limited
C-101, 1st Floor, 247 Park
Lal Bahadur Shastri Marg, Vikhroli (West)
Mumbai – 400 083
Phone: +91 22 4918 6200
Fax: +91 22 4918 6195
Email: [email protected]
Website: http://www.linkintime.co.in
Valuation of SBI Cards (9M FY2020)
Earnings Per Share (EPS): INR12.45
Price/Earnings (PE ratio): 60.24 – 60.64
Return on Net Worth (RONW): 24%
Net Asset Value (NAV): INR51.73 per share
SBI Cards IPO Subscription Details
| Category |
Shares offered |
Subscription (no. of times, at 6 PM) |
|||
|
Day 1 |
Day 2 | Day 3 |
Day 4 |
||
| QIB |
2,42,24,003 |
0.00 |
0.21 | 57.18 |
57.18 |
| NII |
1,83,41,418 |
0.12 |
0.47 | 2.18 |
45.22 |
| Retail |
4,27,96,641 |
0.62 |
1.21 | 1.76 |
2.50 |
| Employees |
18,64,669 |
0.80 |
1.84 | 3.29 |
4.73 |
| Shareholders | 1,30,52,680 | 0.68 | 1.40 | 3.54 | 25.35 |
| Total |
10,02,79,411 |
0.38 |
0.87 | 15.48 |
26.54 |
SBI Cards IPO Analyst Reviews
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SBI Cards IPO Allotment Status
SBI Cards IPO allotment status is now available on Link Intime’s website. Click on the following links to get allotment status:
https://scipo.linkintime.co.in
https://scipo.linkintime.co.in/mipo/
https://scipo1.linkintime.co.in/
Listing Performance of SBI Cards
IPO Opening Date: 2 March 2020
IPO Closing Date: 5 March 2020
Finalisation of Basis of Allotment: 11 March 2020
Initiation of refunds: 12 March 2020
Transfer of shares to demat accounts: 13 March 2020
Listing Date: 16 March 2020
Opening Price on NSE: INR661 per share (down 12.45% from IPO price)
Closing Price on NSE: INR678 per share (down 10.20% from IPO price)
Eagerly waiting for this IPO. Why is SBI taking so much time???
What is the latest GMP rate?
Grey market is hot for SBI cards. Premium 255-260 but still no dates confirmed!
SBI Cards will take time and they can’t launch IPO without sebi approval. I read somewhere that sebi has asked some more clarifications from sbi
It will get approval today, keep funds ready!!
Final dates of IPO and price band of SBI cards IPO comes or not???
SBI cards is missing in SEBI’s latest list of IPO approvals. It will take time, may be in the next month…
Ipo will open positive?
Please suggest ipo buy or not.?
Now premiums are also crashing. Does it mean SBI cards ipo is delayed for long?
***SBI Cards IPO***
IPO Opens: 12 February 2020
IPO Closes: 14 February 2020
Price Band: ₹660 – ₹680 Per Share
Lot Size: 22 Share
Minimum Amount: ₹14,960
All eyes on budget now and it will be good so that markets go up and SBI can charge more for shares
when is sbi cards ipo coming???
It is not opening on 12 but SEBI approval coming today or tomorrow. IPO to open later this month for sure.
SBI Cards IPO gets SEBI nod; launch by February end
Bhar bhar ke lagao…maal lav!!!
Hi all. May I know if an employee of SBI can sell his allotted shares under employee’s quota on the listing day itself. Or does the employee allotted shares have a lock-in period or something. Experts please answer.
No lock in for employees, they can sell on listing but this stock should be kept in portfolio for long. Just look at IRCTC and wonders a low float can do. Same rally lined up in SBI cards.
SBI Cards seems to have filed RHP, 18 Feb is the cut off date for shareholder quota.
***SBI Cards IPO***
IPO Opens: 2 March 2020
IPO Closes: 5 March 2020
Price Band: ₹750 – 755 Per Share
Based on market information
130,526,798 shares @755/- equals Rs 9854 crore
+ Rs 500 crore in fresh offer
Total Rs 10354 crore IPO
How is it that markets are going down due to Corona virus and this GMP is going up? Any impact on listing?
All the investors looking to see a repeat of IRCTC will be disappointed as the issue is fully priced. Am I the only one thinking like this?
Thanks for sharing this valuable information.
Status of market is very lose
So, please avoid sbi card ipo
Eagleye WhatsApp group is active now. This group is for IPO, GMP, LISTING, ALLOTMENT, etc
This group will also provide you information about secondary market.
To join our group, just send your name and city on our WhatsApp number 9122182978. Only if WhatsApp, no call, no text messages.
Now I am much active on mobiles than websites.
Just send your name and city on our WhatsApp number 9122182978.
GMP gone for a toss…just 150 now. Possible hai subah tak ye bhi na bache.
SBI CARDS IPO UPDATE :
●GRAY MARKET SAUDA MAY BE CANCELLED ( BOOKIES IN HEAVY LOSS)
INSIDER NEWS FROM MANY BOOKES AHMEDABAD ,JAIPUR, RAJKOT ,MUMBAI
GMP : 155 SELLER
Eagleye WhatsApp group is active now. This group is for IPO, GMP, LISTING, ALLOTMENT, etc
This group will also provide you information about secondary market.
To join our group, just send your name and city on our WhatsApp number 9122182978. Only if WhatsApp, no call, no text messages.
Now I am much active on mobiles than websites.
Just send your name and city on our WhatsApp number 9122182978.
The last hour horror show in the market today is eye opening. Nothing is permanent and GMP on this quality and leader stock just vanished.
Keep your money safe!
OMG, ppl are now canceling their applications! Is it due to low GMP or something else at play?
I have two demat accounts and have applied for both Shareholder and RII category from each account. I want to sell all my 4 applications through Kostak. Please reach out to me @7200137040 for the same.
I also want to sell through kostal please contact me for buy at G price @7027167744
This is going to be huge subscription. Costing will increase for HNIs so better to sell applications above 1400-1500
Grey market has become bearish on SBI card now. Today ET has a story that shares can list at very small premium and even discount. What should be our strategy on listing?
I have allot one lot of 19 shares but UPI recovery debited double amount from my Bank of India account. Now, Bank told me they did not help me in this issue. Please help me. How can I recover my ammount?