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 To be updated
Price Band To be updated
Fresh issue INR500 crore
Offer For Sale 130,526,798 shares
Total IPO size To be updated
Minimum bid (lot size) To be updated
Face Value  INR10 per share
Retail Allocation 35%
Listing On NSE, BSE
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SBI Cards’ financial performance (in INR crore)

  FY2017 FY2018 FY2019 H1 FY2020
Revenue 3,471.0 5,370.2 7,286.8 4,677.2
Expenses 2,899.4 4,450.8 5,955.2 3,642.6
Net income 371.4 599.3 859.6 727.0
Net margin (%) 10.7 11.2 11.8 15.5

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 (as of FY2019)

Earnings Per Share (EPS): INR9.43
Price/Earnings (PE ratio): To be updated
Return on Net Worth (RONW): 24%
Net Asset Value (NAV): INR39.93 per share

SBI Cards IPO Subscription Details

Category Shares offered Subscription (no. of times)
Day 1 Day 2 Day 3
QIB
NII
Retail
Employees
Total

SBI Cards IPO Analyst Reviews

Anand Rathi – To be updated
Mehta Equities – To be updated
HEM Securities – To be updated
Choice Broking – To be updated
Angel Broking – To be updated
ICICIdirect – To be updated
Ajcon Global – To be updated
SMC Global – To be updated

SBI Cards IPO Allotment Status

SBI Cards IPO allotment status will be available on Link Intime’s website. Click on this link to get allotment status.

Listing Performance of SBI Cards

IPO Opening Date: To be updated
IPO Closing Date: To be updated
Finalisation of Basis of Allotment: To be updated
Initiation of refunds: To be updated
Transfer of shares to demat accounts: To be updated
Listing Date: To be updated
Opening Price on NSE: To be updated
Closing Price on NSE: To be updated

9 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

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