SBI Cards IPO Grey Market Premium, SBI Cards IPO GMP Trend

By
Anurag Gupta
-
10

India’s largest bank SBI is going to list its Credit Card subsidiary and has filed draft red herring prospectus with SEBI. SBI Cards IPO has received regulatory clearances and the offer will be launched on 2 March 2020. Grey market trades have started in the informal market, indicating strong investor interest in the company. Going by initial estimates, the INR9,000 – 9,500 crore IPO would value the company at INR60,000 crore. Check out the latest SBI Cards IPO Grey Market Premium (GMP), Kostak rates and Subject to Sauda rates here.

Read Also: SBI Cards IPO Review: We’ve seen this movie

SBI Cards IPO Grey Market Premium (IPO GMP) rates

Date Grey Market Premium
(GMP in INR) 		Kostak Rate
(in INR)   		Subject to Sauda Rate
(in INR) 
14 March 2020-10No tradesNo trades
13 March 202030->(-20)No tradesNo trades
12 March 202050500No trades
11 March 202075->55600->500No trades
9 March 202085600No trades
6 March 202090 – 1001,000No trades
5 March 2020160->1202,000->1,400No trades
4 March 2020150 – 1551,900No trades
3 March 20201501,900No trades
2 March 2020275->1802,900->2,1004,600->No trades
DateGrey Market Premium
(GMP in INR)		Kostak Rate
(in INR)  		Subject to Sauda Rate
(in INR)  
29 February 20202853,2004,400 (few trades)
28 February 20203153,5004,600
27 February 20203354,1005,000
26 February 20203354,1005,000
25 February 20203254,1004,900
24 February 20203254,1004,900
21 February 20203203,9004,600
20 February 20202903,6004,200
19 February 20202703,4004,000
18 February 20203003,6004,300
17 February 20203003,6004,300
14 February 20203003,6004,300
13 February 20203003,6004,300
12 February 20202753,5004,000
11 February 20202503,2003,900
10 February 20202453,2003,900
7 February 20202553,3004,000
6 February 20202503,3004,000
5 February 20202503,3004,000
4 February 20202453,3004,000
3 February 20202453,3004,000
31 January 20202453,3004,000
30 January 20202453,3004,000
29 January 2020240 3,2003,900
28 January 2020245 – 2503,3004,000
27 January 2020245 – 2503,3004,000
24 January 2020245-2503,3004,000
23 January 2020245-2503,3003,900
22 January 20202453,3003,900
21 January 20202503,3004,000
20 January 20202603,4004,100
17 January 20202603,4004,000
16 January 20202503,3003,800
15 January 20202503,3003,900
14 January 20202553,3003,800
13 January 20202603,5004,000
10 January 20202503,3003,700
9 January 20202403,2003,500
8 January 20202202,8003,000
7 January 20202202,8003,000
6 January 20202202,8003,000
3 January 20202352,9003,200
2 January 20202352,9003,200
1 January 20202403,0003,300
31 December 20192503,0003,500
30 December 20192402,9003,200
27 December 20192402,8003,500
26 December 20192202,500 –
24 December 20192202,500 –
23 December 20192302,800 –
20 December 20192202,500 –
19 December 20192403,000 –
18 December 20192403,000 –
17 December 20192553,200 –
16 December 20192503,000 –
13 December 20192202,500 –
12 December 2019200 2,000 –
11 December 20192202,500 –
10 December 20192402,500 –
9 December 20192402,500 –
6 December 20192602,700 –
5 December 2019 2502,500 –
4 December 20192002,500 –
3 December 2019160 – –
2 December 2019140  – –

Read Also: First look at NCDEX IPO Draft prospectus

SBI Cards IPO details

Subscription Dates2- 5 March 2020
Price Band INR750 – 755 per share (employee discount – INR75 per share)
Fresh issueINR500 crore
Offer For Sale130,526,798 shares
Total IPO size INR10,289.5 – 10,354.8 crore
Minimum bid (lot size)19 shares
Face Value INR10 per share
Retail Allocation35%
Listing OnNSE, BSE

Read Also: SBI Cards aims to launch IPO by March 2020, eyes INR8,000 crore

Important points about IPO grey market and IPO GMP

IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates. Please refer to our research and analysis section.

Research has shown that retail investors are strongly influenced by market sentiment and as a result, are prone to overreaction, especially when it comes to IPO investing. Place your bets wisely!

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms. 

IPO GMP is the rate of premium an IPO commands per share in grey market.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

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10 COMMENTS

  3. Eagleye WhatsApp group is active now. This group is for IPO, LIVE 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.

  4. 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.

  5. Positive for SBI CARDS

    1. Uco Bank has launched credit card in association with SBI. In long run positive for sbi CARDS. It’s started from yesterday

    2. FED RATE CUT IS ALSO POSITIVE FOR MARKET

    LAST HEARD GMP 120-125

    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.

  6. Basis of allotment out-

    Sbi basis 66 out of 79 in reatail

    Shareholder 23.31 ratio

    Avg share 15.89 in retail

    To join our WhatsApp group, just send your name and city on our WhatsApp number 9122182978, only WhatsApp

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