SBI Cards IPO Details

SBI Cards IPOSBI 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)

33 COMMENTS

  1. 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

  2. ***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

  3. 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.

  4. 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

  5. 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?

  6. 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.

  7. 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.

  8. 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!

  9. 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.

  10. This is going to be huge subscription. Costing will increase for HNIs so better to sell applications above 1400-1500

  11. 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?

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