IPO Grey Market Premium (February, 2020 Messages)

- SBI Cards IPO

Lots of fancy talk is going on and investors are very excited about this IPO. Investors believed good earning in near future.

No peers available in India to compare. In foreign countries it is hard to compare apple to apple. I tried my best to do some research.


Some of my concerns:
- Asking price is very high. Asking price is about 45 times of EPS.
If we compare with major parent companies VISA, MASTER, AMERICANEX, DISCOVER then they are available at P/E from 15 to 38. These companies have monopoly in cards business. Anyone wants to issue card (credit or debit) then they needs to go with these parent companies.
If we compare with major world banks or financial institutes BofA, JP Morgan CHASE, Citi, CapitalOne, Barklays who are in credit card business then they are available at P/E from 8 to 15.

- Issue is very big. Enough stock is available for trading on listing day.

- FII knows credit card business from world and other world peers are available at low price.

- Credit card business is risky. SBI cards growth is very high. Very high risk. Chances are more to get defaulters.

- Only dependency on DII after listing.

- Grey market premium looks very high.

Conclusion:

- Apply with your own money. Don't get external finance. Don't expect much listing gain. Apply one lot in retail category. Chances are more in retail category.

Kudos to Uchit Sir. Thank you very much.

Your prediction is right for this ipo. I don't know it is because of corona effect or your advice I saved my money by not applying this ipo.

Though gmp of more than 300 but you advised gmp is very high.
You gave very good comparison of international peers. Your prediction of enough stock is available on listing day because of huge ipo is right.

We need seniors like you in this group for good guidance.

YOU ARE GREAT SIR ,I ADVICE TO MY ALL FRIEND OR CUSTOMER ,DONT APPLY THIS IPO ,,,

Pls give right email of SBI for removing of unhold amount of ITI LTD shares

This message has been removed by a moderator.

MY SBI BANK NOT RELEASE HOLD AMOUT PLS LET ME KNOW WHAT IS THE PROCEDURE FOR REMOVING HOLD AMOUNT I VISIT IN BANK MANY TIME NO ONE HAVE ANY ANSWER PLS GUIDE ME WHAT CAN I DO

SBI CARD TODAY'S GREY MARKET PREMIUM....

Premium and form price please

Please inform me that can I apply for two categories with one PAN No. (ie) Retail and Share holder category under 2 Lac each individually.

Thanking You

Sharmila T N
Madurai
Tamilnadu

If you already hold share of SBI than you can apply in both category. It's your choice to bid minimum or maximum.

Thank you for your valuable information.

why alok industries price shown rs 19 today

GMP on 12 Feb 2020

GMP: Rs 285/290 (all around buy)
Application: Rs 3500/3600
Subject to Rates : Rs 4100 (No trades)

its a fake digit ma'm
gmp rate is 248 to between 252 only

THE MOST RELIABLE
List of Mainboard IPOs IN THE PIPELINE
(Status as on 31th January 2020)

A) DRHP Filed - SEBI Approval *Awaited*:

1) Indian Railway Finance Corporation >>> DRHP date 17-Jan-20
2) Likhitha Infrastructure >>> DRHP date 13-Jan-20
3) Computer Age Management Services >>> DRHP date 09-Jan-20
4) Esaf Small Finance Bank >>> DRHP date 06-Jan-20
5) Apeejay Surrendra Park Hotels >>> DRHP date 31-Dec-19
6) UTI Asset Management Company >>> DRHP date 18-Dec-19
7) Rossari Biotech >>> DRHP date 18-Dec-19
8) Equitas Small Finance Bank >>> DRHP date 16-Dec-19
9) Home First Finance Company India >>> DRHP date 29-Nov-19
10) SBI Cards and Payment Services >>> DRHP date 26-Nov-19
11) Mukesh Trends Lifestyle >>> DRHP date 30-Sep-19

B) SEBI Approval *Received* *(within the past 5 months)*:

1) Easy Trip Planners >>> SEBI Approval 31-Jan-20
2) Puranik Builders >>> SEBI Approval 31-Jan-20
3) Montecarlo >>> SEBI Approval 28-Jan-20
4) Chemcon Speciality Chemicals >>> SEBI Approval 28-Jan-20
5) Burger King India >>> SEBI Approval 24-Jan-20
6) Shri Bajrang Power and Ispat >>> SEBI Approval 17-Jan-20
7) Route Mobile >>> SEBI Approval 24-Dec-19
8) Mazagaon Dock Shipbuilders >>> SEBI Approval 13-Dec-19
9) Samhi Hotels >>> SEBI Approval 29-Nov-19
10) Indian Renewable Energy Development Agency >>> SEBI Approval 27-Sep-19
11) Shyam Steel Industries >>> SEBI Approval 20-Sep-19

C) SEBI Approval *Received* *(>5 months ago)*:

12) Bajaj Energy >>> SEBI Approval 30-Aug-19
13) Angel Broking >>> SEBI Approval 26-July-19
14) Annai Infra Developers >>> SEBI Approval 12-July-19
15) Satyasai Pressure Vessels >>> SEBI Approval 21-June-19
16) Powerica >>> SEBI Approval 07-June-19

D) SEBI Approval *Received* *(>8 months ago)*:

17) Penna Cement Industries >>> SEBI Approval 31-May-19
18) Emami Cement >>> SEBI Approval 15-May-19
19) Shriram Properties >>> SEBI Approval 09-Apr-19
20) T & T Infra >>> SEBI Approval 22-Mar-19
21) Coldex >>> SEBI Approval 15-Mar-19
22) Antony Waste Handling >>> SEBI Approval 08-Mar-19
23) Senco Gold >>> SEBI Approval 06-Mar-19

where are you ?
Please share valuable information regarding this IPO
like gray prem., subscription in all category wise etc.....