Last Updated on
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.
SBI Cards IPO Grey Market Premium (IPO GMP) rates
|Date||Grey Market Premium|
(GMP in INR)
|Subject to Sauda Rate|
|13 December 2019||220||2,500||–|
|12 December 2019||200||2,000||–|
|11 December 2019||220||2,500||–|
|10 December 2019||240||2,500||–|
|9 December 2019||240||2,500||–|
|6 December 2019||260||2,700||–|
|5 December 2019||250||2,500||–|
|4 December 2019||200||2,500||–|
|3 December 2019||160||–||–|
|2 December 2019||140||–||–|
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|
|Listing On||NSE, BSE|
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.
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.