SBI Cards and Payment Services Ltd IPO Message Board (Page 163)

Gyes...Any one plz clarify..
APPLY FOR SBI CARD IPO , UNDER SHAREHOLDERS CATEGORY HOW MANY APPLICATIONS CAN BE SENT FROM ONE PAN NUMBER..?

I WISH TO APPLY FOR 10 LOTS IN CUT OFF PRICE USING MY(SINGLE) PAN NUMBER.IN 10 APPLICATIONS OR 10 LOTS IN SINGLE APPLICATION ( NET BID PRICE WILL BE BELOW 2L)

10 application of 1 lot each with 1 pan all will be rejected . Apply 10 lots in single application

THANK U PAPON FOR UR KIND IMMEDIATE RESPONSE

Seller ton started now
No buyer

Dear Friends,
I have SBI Dmat Account & I have SBI share as well.
So my question is will SBI netbanking will allow me to apply for SBI cards IPO through Share holder category & Retail categories ?

If so Is it valid application for IPO? I mean Can I apply for both the categories(share & retail).
Also which category will have high chances of allotment if I apply for 5 lots in share category & 5 lots in retail category.

Please do reply me experts.
Thanks in Advance.

This ipo is huge so i think full allotment will be...so before apply check...

@Rahul: yeah you are right..thank you so much for your reply

If the promoter of the SBI card want to create the fancy in his IPO, he must keep the price band around 497-500 rupees of the SBI card IPO.

मुझे जितना उत्साह इस साल देखने मे आया अपने जीवन काल मे कभी नही देखा। मै लगभग 1982से इस बाजार को देख रहा हूँ ,बहुत उतार चढाव आए । लगभग 10वर्ष पहले कोल इण्डिया का इश्यू आया था, उसमे अच्छा पैसा बना, किन्तु उसके साथ ही रिलायंस पावर का इश्यू आया और लोगों ने कर्ज लेकर पैसा लगाया .स्थिति सबके सामने है।हर एक प्रमोटर (सरकार भी)निवेशक की मनोस्थिति का फायदा उठाते हैं।
मेरा निजी विचार है कि यह इश्यू इतना बडा है कि सभी को मिल जाना चाहिए ।यदि सबको मिलेगा तो खरीदेगा कौन?और यदि 100रु प्रिमियम मिल भी गया तो 2000रू ,जिसकी शेयर बाजार मे कौई अहमियत नही है।
शेयर होल्डर और कर्मचारियों का भी रिर्जवेशन है।
स्टैट बैंक के किसी इश्यू ने लिस्टिंग पर अच्छा मुनाफा नही दिया।एक बार इश्यू भाव से नीचे आ ही जाता है ,ऐसा मेरा विश्वास. है।

I also think that it will fully priced ipo and big ipo so how can be earn profit i think if 700-900 profit for each lot is better as full allotment possible..

Card are future we know but one fact should be accept that in this huge risk.

1 no more safe market available as all genuine and salaried person have at least 1 credit card and compare to hdfc and icici, sbi cc is costly.

2 now if given card to other people then default risk is huge and low margins of working

3 gov. May put any restriction in fees and commission etc to increase non cash transactions.

Other many things..

I thing most of market cover and now no much scope for growth like insurance company.

Insurance company have no risk of default as no liability without received premium and here bank need to transfer fund to merchant and bank received payment after 15-17 days of billing.

Please share your views also...

I agree with you

If I am buy 1 share of equitas holding co. on monday, should i apply in shareholder category in its ipo?

Yes

Cut of date not confirm till date so u may eligible

how to check share credited in demat or not ? i bought share on 3 december and 6 december ? at which date share will credited in demat a/c ?

T+2 days not being holiday consider...

UJJIVAN 23-24
SBI CARD 215-220

EQUITAS pre ipo done at 53
Grey started at 15

Dear Raja ,
Do you have any idea about shareholder reservation cut - off date in equitas i.e DHRP or RHP as I missed the opportunity in Ujjivan though I had enough time before RHP.

@IPO Janadesh, DHRP for Equitas is yet to be filled, so you can purchase a share in next week.

Thanks a lot IPO Mentor sir you are understood my query, next time i am be careful filing ipo application, and also Deep sir and Amit sir thanks you are try to help me.

Miner account Mai application kaise lagai jati h?

Submit minor ipo application to bank .if share alloted then transfer share to perent demate account and sale

नाबालिग का डिमेट होना चाहिए ।

Equitas Monday going to file DRHP

Source?

Dear sonal mem what is the size of equvitas ipo and there is shareholders qauta is available in this ipo

Ipo size is around 1000 crore..
And yes shareholder categories available in this ipo..

Equitas private placement done of 250 cr...
So it's way to clear for ipo in next 2 to 3 months.

That means it would cut its IPO size by 250 cr.Earlier some IPOs even withdrawn after finding 100% private placement.

Yes.....

Few +ve points about this business model
- sbi is 2nd largest player in this sector after hdfc bank
- around 55% income from if customer failed to make payment of full due amount, if customer paid minimum due then it always win win situation for card issuers becs they charged around 3.5 to 3.7% ROI per month on total due amount from date of transaction. Like if any customer do purchase of 1 lac amount after CC statement generated supposed minimum due is 10K and total due is 1 lac, if customer paid only 10K before due date still bank is charging 3.7% per month from the date of transaction on 1 lac amount instead of remaining 90k.

- 20% income from If customer convert their purchase into EMI, balance transfer of other card due also comes into this, currency markup charges.

- 25% income from charges like, overlimit spend charges, late payment charges, card reissue charges, annual fee, joining fee, cheque bounced charges etc etc

- year by year credit card customer will increase

- its easy for banks to sell insurance through credit card

- e comerce companies tie up with banks for thier sale promotions also retail stores, bank offering cashback on credit card this does not mean bank is actually giving from thier pocket its murchent or e comerce company actually giving this cash back as they are getting large customer base of bank card holders, this promotional model is already proven model and will going to sustain or increase at least in next 5 to 7 years

- online system is already in placed, very low cost to run this credit card business, almost everything is online like convert purchase in to EMI, Balance Transfer, statements (physical CC statement almost stopped by all banks).
If any customer failed to make payment more than 2 times of billing cycle online system already reduces or stops his credit limit to avoid risk.

- bank person cant do any fruad in this model

- huge growth option in india as only 5% people here hold credit card, even dont expect more than 15% people will have card in next 5 to 7 years but still this is triple growth.

- customer have option to spend in any currency

- bank can sell personal loan easily upto 10lacs over credit limit for their loyal CC customer with no documentation process.



Few risks
- transaction security if any fraud happened, bank need to take care of this
- customer purposely dont pay their due amount, bank need to fight legally and need to pay legal charges to advisors
- need to share purchase transaction charge with master card or VISA, billdesk or swipe machine bank


So long term this is portfolio stock, as this is first credit card company going to list not sure about correct price, market will tell exact price after listing.
If this looks expensive for anyone wait for listing and then enter after share price is stable.
If this looks attractive then must subscribe for IPO offer.

@dipcdsl
Yes there is high competition which should not be denying and this is one of the risk point but sbicard is already doing much better than other domestic banks, i could say below are in general famous bank cards by ranks, i may wrong about ranking But SBI position is good than domestic banks.

Amex(only for online transaction)
RBL (ONLY foreign currency transaction)
SCB (all type of transactions)
CITI
HDFC
SBI
HSBC
ICICI
AXIS
RBL
KOTAK
YESBANK
INDUSIND
FEDERAL
BOB

Except amex your rank looks good...Amex presence in India is not famous but in terms of rewards then you might correct...
Reward points is bank spending...so this is also factor where bank need to spend to keep their card famous in market...like RBL and SCB are offering more rewards to their customer against purchase which hold their cards in famous top list...

Jab NSE ki site pr IPO show krega tab down load KR Lena bas individual ki jagah share holder select krna.

How to apply share holder catogary ?
Where is form available ?
Can I download online form for share holder catogary ?

Bhai abhi to DRHP bhi SeBi ne approval nahi Diya...form download to bahot time hai... January main aana

Dear harit what is your view about GMP of today in mY think this is the trap for the investor and this GMP get continue steedy near the issue start

Gmp today 260-262 @6 pm
My group and broker hands down
Thay don't even talking GMPs in this counter
Right now only usfb trending around 24-25

Hello.
If I'm Investing in a mutual fund from 2 years, which includes the SBI Share; Then am I Eligible for the shareholders Category????
If not then tell me valid reason..
- Thanks in advance. :-)

Share should be present in your own demat account hence mutual fund holding is not eligible

स्टैट बैक म्युचुअल फंड के आप ग्राहक है, शेयर अंश धारक नही। रिर्जवेशन शेयर अंश धारकों के लिए है ,ग्राहकों के लिए नही।

Dear forum member if i invested in my one application by category wise in retails if i applied 12 lots worth of 177984 rs and also applied 12 lots in sbi shareholders because i am share of sbi bank since last 2 years so that i invest 24 lots each 12 in retail and 12 in shareholders then my application will be accepted or rejected please give some suggestions all forum members

Retail shareholder upto Rs 200000 /-
SBI shareholders upto Rs 200000/-
SBI Staff reservation depends on limit prescribed in rhp, as sbi life had limit of Rs 500000 for staff category.

** Read retail shareholder as retail only