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

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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 is likely to be launched sometime in January as it is yet to be approved by the regulator. However, grey market trades have already 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.

Read Also: Mankind Pharma eyes IPO, Capital International to exit

SBI Cards IPO Grey Market Premium (IPO GMP) rates

DateGrey Market Premium
(GMP in INR)
Kostak Rate
(in INR)  
Subject to Sauda Rate
(in INR) 
 
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 

SBI Cards IPO details

Subscription DatesTo be updated
Price BandTo be updated
Fresh issueINR500 crore
Offer For Sale130,526,798 shares
Total IPO sizeTo be updated
Minimum bid (lot size)To be updated
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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