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SBI Cards and Payment Services Ltd IPO (SBI Cards IPO) Detail

March 2, 2020 - March 5, 2020

SBI Cards IPO is a book built issue of Rs 10,354.77 crores. The issue is a combination of fresh issue of 0.66 crore shares aggregating to Rs 500.00 crores and offer for sale of 13.05 crore shares aggregating to Rs 9,854.77 crores.

SBI Cards IPO bidding started from March 2, 2020 and ended on March 5, 2020. The allotment for SBI Cards IPO was finalized on Wednesday, March 11, 2020. The shares got listed on BSE, NSE on March 16, 2020.

SBI Cards IPO price band is set at ₹750 to ₹755 per share. The minimum lot size for an application is 19 Shares. The minimum amount of investment required by retail investors is ₹14,345.

The issue includes a reservation of up to 1,864,669 shares for employees offered at a discount of Rs 75 to the issue price.

Axis Capital Limited, Bofa Securities India Limited, Hsbc Securities & Capital Markets Pvt Ltd, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Pvt Ltd and SBI Capital Markets Limited are the book running lead managers of the SBI Cards IPO, while Link Intime India Private Ltd is the registrar for the issue.

Refer to SBI Cards IPO RHP for detailed information.

SBI Cards IPO Details

IPO Date March 2, 2020 to March 5, 2020
Listing Date March 16, 2020
Face Value ₹10 per share
Price Band ₹750 to ₹755 per share
Lot Size 19 Shares
Total Issue Size137,193,464 shares
(aggregating up to ₹10,354.77 Cr)
Fresh Issue6,622,517 shares
(aggregating up to ₹500.00 Cr)
Offer for Sale130,526,798 shares of ₹10
(aggregating up to ₹9,854.77 Cr)
Employee Discount Rs 75 per share
Issue Type Book Built Issue IPO
Listing At BSE, NSE

SBI Cards IPO Reservation

SBI Cards IPO offers 100,279,411 shares. 24,224,003 (24.16%) to QIB, 18,341,418 (18.29%) to NII, 42,796,641 (42.68%) to RII, 1,864,669 (1.86%) to employees. 2,252,454 RIIs will receive minimum 19 shares and (sNII) and (bNII) will receive minimum 266 shares. (in case of oversubscription)

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Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered24,224,003 (24.16%)NA
NII (HNI) Shares Offered18,341,418 (18.29%)
Retail Shares Offered42,796,641 (42.68%)2,252,454
Employee Shares Offered1,864,669 (1.86%)NA
Other Shares Offered13,052,680 (13.02%)NA
Total Shares Offered100,279,411 (100%)

SBI Cards IPO Timeline (Tentative Schedule)

SBI Cards IPO opens on March 2, 2020, and closes on March 5, 2020.

IPO Open Date Monday, March 2, 2020
IPO Close Date Thursday, March 5, 2020
Basis of Allotment Wednesday, March 11, 2020
Initiation of Refunds Thursday, March 12, 2020
Credit of Shares to Demat Friday, March 13, 2020
Listing Date Monday, March 16, 2020
Cut-off time for UPI mandate confirmation 5 PM on March 5, 2020

SBI Cards IPO Lot Size

Investors can bid for a minimum of 19 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 19 ₹14,345
Retail (Max) 13 247 ₹186,485
Lot Size Calculator

SBI Cards IPO Promoter Holding

The promoter of the Company is SBI.

Share Holding Pre Issue 74%
Share Holding Post Issue 69.51%

About SBI Cards and Payment Services Ltd

Incorporated in 1998, SBI Cards and Payment Services Limited is a subsidiary of SBI, India's largest commercial bank in terms of deposits, advances and the number of branches. SBI currently holds (along with its nominees) 689,927,363 Equity Shares, constituting to 74.00 % of the pre-Offer issued, subscribed and paid-up Equity Share capital of the Company.

The company the 2nd largest credit card issuer in the country, with a 17.6% and 18.1% market share of the Indian credit card market (number of credit cards) as of March 31, 2019, and November 30, 2019, respectively, and a 17.1% and 17.9% market share of the Indian credit card market ( total credit card spends) in fiscal 2019 and in the eight months ended November 30, 2019.

SBI Cards offers a wide range of credit cards to individual and corporate clients including lifestyle, rewards, shopping, travel, fuel, banking partnership cards, and corporate cards, etc.

SBI Cards has partnered with several leading names across industries, including Air India, Apollo Hospitals, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra, amongst others.

As a subsidiary of SBI, the company has access to SBI's extensive network of 21,961 branches across India. The partnership enables it to market its cards to a huge customer base of 445.5 million customers.

Headquartered in New Delhi, as of December 31, 2019, the company has a sales force of 38,677 outsourced sales personnel operating out of 145 Indian cities.

The company's total income increased at a CAGR of 44.9% and the revenues from operations have increased at a CAGR of 44.6% between fiscal 2017 to 2019. The net profit grew at a CAGR of 52.1% during the period.

Competitive Strengths
1. 2nd largest credit card issuer in India with a strong track record of growth and profitability.
2. Leading player in open market customer acquisitions using physical and digital channels in India.
3. A well-known promoter in SBI with strong brand recognition.
4. Diversified credit card portfolio and partnerships with leading brands across industries.

Company Financials

Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Million)
31-Dec-19 31-March-19 31-Mar-18 31-Mar-17
Total Assets 259,934.65 202,396.36 156,860.07 107,649.82
Total Revenue 72,401.56 72,868.35 53,701.92 34,710.38
Profit After Tax 11,612.07 8,627.22 6,011.42 3,728.61

Key Performance Indicator

The market capitalization of SBI Cards IPO is Rs 70890 Cr.

Pre IPO Post IPO
P/E (x) 45.8

Objects of the Issue (SBI Cards IPO Objectives)

The Offer comprises of a Fresh Issue and an Offer for Sale-

1. The Offer for Sale- The object of the Offer for Sale is to allow the Selling Shareholders to sell an aggregate of up to [?] Equity Shares held by them. The company will not receive any proceeds from the Offer for Sale.

2. Fresh Issue- The net proceeds of the Fresh Issue, i.e. Gross proceeds of the Fresh Issue less the Offer Expenses apportioned to the Company ("Net Proceeds") are proposed to be utilized for augmenting the capital base to meet company's future capital requirements.

SBI Cards IPO Review (Apply)

[Dilip Davda]  SBI Card enjoys fancy due to parent SBI's credentials. Being a second-largest plastic money player in a growing economy like India and the first mover in the segment to get listed, it may continue to generate high interest going forward. Although the issue appears fully priced, investors may consider investment for short to long term rewards. Read detail review...


SBI Cards IPO Subscription Status (Bidding Detail)

The SBI Cards IPO is subscribed 26.54 times on March 5, 2020 6:45:03 PM. The public issue subscribed 2.50 times in the retail category, 57.18 times in the QIB category, and 45.23 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)
QIB57.18
NII45.23
Retail2.50
Employee4.74
Others25.36
Total26.54

SBI Shareholders Reservation in SBI Cards IPO

Investors who hold SBI shares on the 18th Feb 2020 (the date of filing RHP with SEBI) are eligible to apply under the shareholder's category of SBI Cards IPO. As per RHP, the SBI shareholders can apply above Rs 2 lakh and maximum up to reserved poprtion for the SH category. SBI shareholders (bidding up to Rs 2 lakhs) can also apply under the retail category. Further, if an SBI shareholder is also an SBI employee, he/she is also eligible to apply in all the three categories- RII (up to Rs 2 lakhs), Shareholder (up to Rs 2 lakhs) and Employees (up to Rs 5 lakhs).

Continue reading about SBI Cards IPO Shareholders Application Detail

SBI Employees Reservation in SBI Cards IPO

Full-time or permanent employees of SBI (as on RHP filing date) can apply in the SBI Employees category of SBI Cards IPO. The maximum limit defined to apply in the Employee category is Rs 5 lakhs. The maximum allotment to employees cannot be above Rs 2 lakhs when the category is fully or oversubscribed. In case of under-subscription in the employee category, the unsubscribed portion will be available for allocation, proportionately to all Eligible Employees who Bid above Rs 2 lakhs, subject to maximum limit not exceeding Rs 5 lakhs.

Continue reading about SBI Cards IPO Employees Application - Explained

Note:

  • Investors Portion: QIB = Not More than 50% of the offer, NII = Not less than 15% of the offer and Retail = Not less than 35% of the offer
  • Employee Reservation Portion: Up to 1,864,669 Equity Shares
  • Shareholders Reservation Portion: Up to 13,052,680 Equity Shares

SBI Cards IPO All Category Forms

NSE India

BSE India

Important Clarifications

  • Zerodha is only allowing 1 IPO application per customer even though the option is available for applying in the retail and shareholders category. To apply 2nd application, either use your net banking facility or apply through.Edelweiss Broking as guest. Note: Edelweiss permits you to apply in IPO application even if you are not their customer.
  • The shareholder list is prepared on PAN. Shareholders can apply from a different demat account (on the same name) where they do not hold SBI shares. The physical shareholder can also apply in the shareholder's category.
  • Upstox launched Online IPO application (UPI based).
  • Edelweiss Broking offer IPO Application by Guest User. No need to open an account with a broker to apply in an IPO.
  • 'An investor will be identified by the PAN Number and not the Demat Account.' Registrar Link Intime
  • When using UPI as a payment method, the primary account holder in the bank and demat should be the same person. Use of 3rd party UPI ID or 3rd party bank account is not allowed.
  • When using ASBA, up to 5 SBI IPO applications can be applied from the same bank, if the bank offers this facility. Public sector banks (like SBI) offer this facility.
  • Minors can only apply using ASBA from the banks that offer the 3rd Party ASBA IPO application. i.e. SBI.�Click here�for more detail.

SBI Cards IPO Prospectus

SBI Cards IPO Rating

6222
4.2
Rating:Rated 4.2 stars
Vote Here ...

SBI Cards IPO Listing Details

Listing Date March 16, 2020
BSE Script Code 543066
NSE Symbol SBICARD
ISIN INE018E01016
Final Issue Price ₹755 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Open
Low
High
Last Trade
BSE
₹755.00
₹658.00
₹658.00
₹755.00
₹683.20
NSE
₹755.00
₹661.00
₹656.00
₹755.00
₹681.40

Check IPO Performance…

SBI Cards and Payment Services Ltd Contact Details

SBI Cards and Payment Services Ltd
Unit 401 & 402, 4th Floor,
Aggarwal Millennium Tower E-1,2,3,
Netaji Subhash Place, Wazirpur, New Delhi
Phone: +91 (11) 6126 8100
Email: investor.relations@sbicard.com
Website: http://www.sbicard.com/

SBI Cards IPO Registrar

Link Intime India Private Ltd

Phone: +91-22-4918 6270
Email: sbicard.ipo@linkintime.co.in
Website: https://linkintime.co.in/initial_offer/public-issues.html

SBI Cards IPO Questions

  1. SBI Cards & Payment Services Ltd is coming up with an initial public offer of around Rs 10,000 Cr to offer an exit to the existing shareholders, expand the capital base and get listed at BSE and NSE stock exchanges.

    The SBI Card IPO opens on Mar 2, 2020, and closes on Mar 5, 2020. The bidding closes for retail investors on March 5, 2020, at 5 PM.

    The SBI Card IPO price and lot size are not yet announced. They are expected to be announced on or before Feb 26, 2020.

    SBI Card IPO also has a reserved quota for SBI employees. SBI employees can apply up to Rs 5L under employee quota in addition to Rs 2L in retail and Rs 2L in shareholders' quota.

    The SBI Card IPO shareholder quota cut-off date is Aug 18, 2020. Investors who have SBI shares in their demat account on this date are eligible to apply in the reserved shareholder's category.

    SBI card IPO shares are proposed to list at BSE and NSE. Its expected listing date is Mar 16, 2020.

     

  2. There are two ways to buy SBI Card IPO shares:

    1. ASBA Payment Method (Net Banking)

      The net-banking facility of popular banks offers an Online IPO application. If you have your account with banks like SBI, ICICI, HDFC, PNB, Axis, Kotak, you can easily apply in SBI Card IPO online.

    2. UPI Payment Method

      Most top share brokers in India including Zerodha, Edelweiss, Sharekhan, and 5paisa offer UPI payment gateway based online IPO application. If you have an account with a broker who offers an online IPO application, you could easily apply in IPO though them.

     

  3. SBI Cards IPO lot size is 19 shares and prince band is Rs 750 to Rs 755.

     

  4. An individual can also apply in the Shareholders category (any amount) if he holds the State Bank of India (SBI) shares in his demat account on the day of filing the SBI Card IPO RHP with SEBI. For SBI Card the date of filing RHP with SEBI is awaited.

    SBI shareholders can apply in both; RII or NII as well as shareholder category with the maximum limit of Rs 200,000 in shareholders category.

    Please note an eligible SBI shareholder bidding in SBI shareholder reservation portion (subject to bid amount not exceeding Rs 2,00,000 under SBI shareholder reservation portion) may also bid under net offer i.e. either in Retail Individual Bidders Portion for upto Rs 200,000 OR in Non-Institutional Bidders Portion such that the Bid Amount exceeds Rs 200,000 but not exceeding the size of the Net Offer (excluding QIB portion), subject to applicable limits.

    An SBI Shareholders bidding in the SBI Shareholders Reservation Portion above Rs 200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids.

     

  5. The maximum bid amount when applying in both Retail and Shareholders Category is:

    1. Shareholders Category: Rs 200,000
    2. Retail Category: Any amount (Considered as RII or NII based on the amount)

    An eligible SBI shareholder bidding in SBI shareholder reservation portion (subject to bid amount not exceeding Rs 2,00,000 under SBI shareholder reservation portion) may also bid under net offer i.e. either in Retail Individual Bidders Portion for upto Rs 200,000 OR in Non-Institutional Bidders Portion such that the Bid Amount exceeds Rs 200,000 but not exceeding the size of the Net Offer (excluding QIB portion), subject to applicable limits.

    In SBI Shareholders bidding in the SBI Shareholders Reservation Portion above Rs 200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids.

     

  6. Your bids can be rejected in SBI Card IPO considering multiple bids in the following cases:

    • An Eligible Shareholder holding multiple Demat accounts makes multiple applications under shareholders category with the same PAN number.
    • An Eligible Shareholder, being the first holder of a joint Demat account makes multiple applications individually and jointly.
    • ASBA Bidders submitting more than one ASBA Form per ASBA Account

     

  7. Eligible Employees can bid under all 3 categories of SBI Card IPO:

    • Retail Category (any amount*)
    • Shareholder Category (< Rs 2L)
    • Employee Category (<Rs 5L)

    An SBI shareholder and employee of SBI can apply in all three categories. A spate IPO application should be used for each of these categories.

    * Retail application is considered as RII or NII category based on the amount in application. Amount < Rs 2L is considered as RII and above Rs 2L is NII.

     

  8. Minimum 1 share of SBI should be in your demat account on February 18, 2020, to be eligible for applying in shareholders category of SBI Cards IPO. Feb 18 is the cut-off date for eligibility. The IPO application should be on the name of the primary demat account holder.

     

  9. The cut-off date for eligible SBI Cards shareholders is Feb 18, 2020. You should have at least 1 share in your demat account on Feb 18, 2020, to be eligible to apply for IPO shares in the SBI Card IPO Shareholders category.

     

  10. Zerodha customers can apply in SBI Card IPO using UPI as a payment gateway from the Zerodha Console application. Follow the below steps to buy SBI Card IPO through Zerodha: 

    1. Login to Zerodha Console
    2. Click on Portfolio tab
    3. Choose 'IPO' from the drop-down list
    4. Select the IPO you want to invest 
    5. Enter your UPI ID and verify the details
    6. Put Bid and Price in the box
    7. Tick on the checkbox
    8. Click on Submit button

     

  11. SBI Card IPO RHP point 24 on page 416 'Do not submit a Bid cum Application Form with third-party UPI ID or using a third-party bank account (in case of Bids submitted by Retail Individual Investors using the UPI Mechanism)'

    The 3rd party IPO application (with different primary account holder in demat and bank) are permitted. But only a few banks like SBI Net Banking offer this. Private banks like ICICI, HDFC, etc do not offer this facility.

    For example:

    • When applying from Zerodha, Edelweiss or Upstox, you cannot apply in SBI Card IPO in the HUF account (or minor account) using UPI linked to your bank account.
    • You can apply in HUF, Minor or someone else's demat account using ASBA from SBI Bank who offers up to five(5) 3rd party IPO applications from one bank account.

     

SBI Cards IPO FAQs

SBI Cards IPO is a main-board IPO of 137,193,464 equity shares of the face value of ₹10 aggregating up to ₹10,354.77 Crores. The issue is priced at ₹750 to ₹755 per share. The minimum order quantity is 19 Shares.

The IPO opens on March 2, 2020, and closes on March 5, 2020.

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

The SBI Cards IPO opens on March 2, 2020 and closes on March 5, 2020.

SBI Cards IPO lot size is 19 Shares, and the minimum amount required is ₹14,345.

You can apply in SBI Cards IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for SBI Cards IPO will be done on Wednesday, March 11, 2020, and the allotted shares will be credited to your demat account by Friday, March 13, 2020. Check the SBI Cards IPO allotment status.

The SBI Cards IPO listing date is on March 16, 2020.
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SBI Cards IPO Message Board

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7728 Comments

3304. Ashvanth |   Link |  Bookmark |May 22, 2020 1:55:29 PM
Hi Admin,

Still my locked money for SBI cards has not credited. Any idea why it is still pending.
Or only i have this issue am not sure.
Please help. I have ICICIdirect account.
3303. A g pujari |   Link |  Bookmark |May 10, 2020 11:06:25 AM
Admin Sir. Please open a separate forum/platform for Reliance Industries Ltd. Rights issue so that one can know whether it is feasible to apply.
3303.1. Team Chittorgarh.com |   Link |  Bookmark |May 13, 2020 12:06:05 PM
IPO Mentor IPO Mentor (900+ Posts, 1500+ Likes)
We have added the review of Reliance Industries Ltd.

https://www.chittorgarh.com/article/reliance-industries-rights-issue-may-2020-review/6/

Thank you,
Admin @ Chittorgarh.com

ProStocks (Stock Broker) offers Unlimited Trades @ Rs 899 Per Month (or Rs 15 per trade) + Rs 0 Eq Delivery Brokerage + AMC Free Demat + Rs 0 Account Opening Fee. Team Chittorgarh.com guarantee you the best service. Open instant account

3303.2. VinShah |   Link |  Bookmark |July 3, 2020 11:03:07 AM
Billwin today at Rs 40.8???? good for all investors ????
3302. phrao |   Link |  Bookmark |May 10, 2020 5:49:03 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Worst results.

As per results share value is.

Rs. 240.00- 260.00
3301. amit K singh |   Link |  Bookmark |May 6, 2020 10:01:27 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
SBI Card result is on 8th may.
3301.5. RAJAKUMAR |   Link |  Bookmark |July 12, 2020 10:45:00 AM (1400+ Posts, 1200+ Likes)
Dear Vinod
Flat opening
Nobody can tell how it will list All are guess work
If operator involves, total 89 lots applied in retail category
All retail stocks observed then it will shoot up. Otherwise flat and will go down like other SME stocks
3301.6. RAJAKUMAR |   Link |  Bookmark |July 12, 2020 10:47:32 AM (1400+ Posts, 1200+ Likes)
Dear Vinod
See Billwin flat listing
Present rate 52 against issue price of 37 is the best example
3300. Maruti kalbande |   Link |  Bookmark |May 3, 2020 10:45:04 AM
Ok
3299. easemyinvestment |   Link |  Bookmark |April 30, 2020 10:46:07 PM
SBI Card is undoubtedly a very good company with a visible growth and will be benefited by increasing demand in credit card industry and low penetration, Short term may remain under pressure but long term growth is intact.
3298. amit K singh |   Link |  Bookmark |April 28, 2020 8:20:09 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
The largest company of India RIL, will meet on 30 April for rights issue for it's existing shareholders.. Will keep you posted on the updates on this .. Existing shareholders of RIL, have your funds ready...
3298.4. amit K singh |   Link |  Bookmark |April 29, 2020 9:33:52 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
@arunblr, we need to follow results tomorrow for the record date and right isuue price to decide if one can purchase or not...
3298.5. amit K singh |   Link |  Bookmark |April 29, 2020 9:48:36 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Let's wait for the result on 30th April on rights issue details, price and record date to decide one can purchase RIL share or not...
3297. A g pujari |   Link |  Bookmark |April 29, 2020 2:16:17 PM
I intend to buy some (small quantity) unlisted but promising shares like HDB Finance etc. Are they available in small lots ? If available how to ensure receipt of shares on advance payment. My broker Ventura Securities Ltd is not undertaking buying of such unlisted shares. Persons who have actually bought such shares may please share experience..
3296. Eagleye |   Link |  Bookmark |April 20, 2020 10:59:00 AM
IPO Guru IPO Guru (6600+ Posts, 21900+ Likes)
THE MOST RELIABLE
List of Mainboard IPOs IN THE PIPELINE
(Status as on 09th April 2020)

A) DRHP Filed – SEBI Approval *Awaited*:

1) Barbeque Nation Hospitality >>> DRHP date 17-Feb-20
2) Stove Kraft >>> DRHP date 03-Feb-20
3) Likhitha Infrastructure >>> DRHP date 13-Jan-20
4) Computer Age Management Services >>> DRHP date 09-Jan-20
5) UTI Asset Management Company >>> DRHP date 18-Dec-19

B) SEBI Approval *Received* *(within the past 4 months)*:

1) National Commodity & Derivatives Exchange >>> >>> SEBI Approval 09-Apr-20
2) Esaf Small Finance Bank >>> SEBI Approval 20-Mar-20
3) Apeejay Surrendra Park Hotels >>> SEBI Approval 09-Mar-20
4) Equitas Small Finance Bank >>> SEBI Approval 28-Feb-20
5) Indian Railway Finance Corporation >>> SEBI Approval 25-Feb-20
6) Home First Finance Company India >>> SEBI Approval 25-Feb-20
7) Rossari Biotech >>> SEBI Approval 20-Feb-20
8) Mukesh Trends Lifestyle >>> SEBI Approval 14-Feb-20
9) Easy Trip Planners >>> SEBI Approval 31-Jan-20
10) Puranik Builders >>> SEBI Approval 31-Jan-20
11) Montecarlo >>> SEBI Approval 28-Jan-20
12) Chemcon Speciality Chemicals >>> SEBI Approval 28-Jan-20
13) Burger King India >>> SEBI Approval 24-Jan-20
14) Shri Bajrang Power and Ispat >>> SEBI Approval 17-Jan-20
15) Route Mobile >>> SEBI Approval 24-Dec-19

C) SEBI Approval *Received* *(>4 months ago)*:

16) Mazagaon Dock Shipbuilders >>> SEBI Approval 13-Dec-19
17) Samhi Hotels >>> SEBI Approval 29-Nov-19
18) Indian Renewable Energy Development Agency >>> SEBI Approval 27-Sep-19
19) Shyam Steel Industries >>> SEBI Approval 20-Sep-19
20) Bajaj Energy >>> SEBI Approval 30-Aug-19

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

21) Angel Broking >>> SEBI Approval 26-July-19
22) Annai Infra Developers >>> SEBI Approval 12-July-19
23) Satyasai Pressure Vessels >>> SEBI Approval 21-June-19
24) Powerica >>> SEBI Approval 07-June-19
25) Penna Cement Industries >>> SEBI Approval 31-May-19
THE MOST RELIABLE
List of Mainboard IPOs IN THE PIPELINE
(Status as on 09th April 2020)

A) DRHP Filed – SEBI Approval *Awaited*:

1) Barbeque Nation Hospitality >>> DRHP date 17-Feb-20
2) Stove Kraft >>> DRHP date 03-Feb-20
3) Likhitha Infrastructure >>> DRHP date 13-Jan-20
4) Computer Age Management Services >>> DRHP date 09-Jan-20
5) UTI Asset Management Company >>> DRHP date 18-Dec-19

B) SEBI Approval *Received* *(within the past 4 months)*:

1) National Commodity & Derivatives Exchange >>> >>> SEBI Approval 09-Apr-20
2) Esaf Small Finance Bank >>> SEBI Approval 20-Mar-20
3) Apeejay Surrendra Park Hotels >>> SEBI Approval 09-Mar-20
4) Equitas Small Finance Bank >>> SEBI Approval 28-Feb-20
5) Indian Railway Finance Corporation >>> SEBI Approval 25-Feb-20
6) Home First Finance Company India >>> SEBI Approval 25-Feb-20
7) Rossari Biotech >>> SEBI Approval 20-Feb-20
8) Mukesh Trends Lifestyle >>> SEBI Approval 14-Feb-20
9) Easy Trip Planners >>> SEBI Approval 31-Jan-20
10) Puranik Builders >>> SEBI Approval 31-Jan-20
11) Montecarlo >>> SEBI Approval 28-Jan-20
12) Chemcon Speciality Chemicals >>> SEBI Approval 28-Jan-20
13) Burger King India >>> SEBI Approval 24-Jan-20
14) Shri Bajrang Power and Ispat >>> SEBI Approval 17-Jan-20
15) Route Mobile >>> SEBI Approval 24-Dec-19

C) SEBI Approval *Received* *(>4 months ago)*:

16) Mazagaon Dock Shipbuilders >>> SEBI Approval 13-Dec-19
17) Samhi Hotels >>> SEBI Approval 29-Nov-19
18) Indian Renewable Energy Development Agency >>> SEBI Approval 27-Sep-19
19) Shyam Steel Industries >>> SEBI Approval 20-Sep-19
20) Bajaj Energy >>> SEBI Approval 30-Aug-19

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

21) Angel Broking >>> SEBI Approval 26-July-19
22) Annai Infra Developers >>> SEBI Approval 12-July-19
23) Satyasai Pressure Vessels >>> SEBI Approval 21-June-19
24) Powerica >>> SEBI Approval 07-June-19
25) Penna Cement Industries >>> SEBI Approval 31-May-19
3296.1. amit K singh |   Link |  Bookmark |April 20, 2020 10:07:23 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Thanks Eagleeye for the info. So there are no new ipo is filed in last 3 months. I don't think any ipo will hit the market this year. All the companies have to re-file again as approval is valid for 1 year only.
3295. Chem cho |   Link |  Bookmark |April 13, 2020 3:04:32 PM
IPO Guru IPO Guru (2500+ Posts, 2700+ Likes)
DO NOT BUY SBI CARD EVEN AT RS 501
3295.6. amit K singh |   Link |  Bookmark |April 29, 2020 9:45:37 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Wonder why market is going up when Corona scare everywhere in the world... Remdedivir, the drug by Gilead company shows positive results for Corona treatment... Hopefully tomorrow market will be up...
3295.7. amit K singh |   Link |  Bookmark |May 3, 2020 8:00:04 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Remdedivir is now approved by USA FDA. Good news for market...
3294. amit K singh |   Link |  Bookmark |April 7, 2020 7:49:26 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
India is turning out to be savior of the world by supplying hydroxychloroquine … Long live India...
India lifted ban on the export of the drug to badly affected countries...
3294.2. Cautious ipo |   Link |  Bookmark |April 12, 2020 4:44:59 PM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)

मलेरिया की दवा हाइड्रॉक्सीक्लोरोक्वीन (Hydroxychloroquine) का नाम इन दिनों हर तरफ चर्चा में है। अमेरिका के राष्ट्रपति डॉनल्ड ट्रंप ने तो इसके लिए भारत से गुजारिश करने के बाद धमकी तक ले डाली थी। लेकिन क्या सच में हाइड्रॉक्सीक्लोरोक्वीन कोरोना वायरस पर भी कारगर है। दिल्ली एम्स के डायरेक्टर रणदीप गुलेरिया ऐसा नहीं मानते।
दिल्ली एम्स के डायरेक्टर रणदीप गुलेरिया कहते हैं कि कुछ लैब्स के डेटा ने दिखाया कि हाइड्रॉक्सीक्लोरोक्वीन कोरोना के मरीजों पर असर करती है। लेकिन उस डेटा पर ऐसे भरोसा नहीं किया जा सकता। उन्होंने ICMR के एक्सपर्ट्स का हवाला देते हुए कहा कि यह उनके लिए लाभकारी सिद्ध हुई है जो कोरोना मरीज के इलाज की देखरेख में लगे लोग हैं। खासतौर पर हेल्थ केयर से जुड़े लोग।
3294.3. K SathishKumaara |   Link |  Bookmark |April 19, 2020 7:24:33 PM
@Amit, NICE share!
3293. Carn Mohan |   Link |  Bookmark |April 13, 2020 11:53:02 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Ha Ha Ha card lover kaha ho
Another Reliance Power
Becareful highly overvalued.
3293.2. amit K singh |   Link |  Bookmark |April 17, 2020 10:58:05 AM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
@Chemcho, your understanding of SBI card, is making me laugh... Please do not post such negative views. Agree market sentiment is bearish due to Corona. But don't think Corona will overpower humanity...
3293.3. amit K singh |   Link |  Bookmark |April 17, 2020 12:35:46 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Note- I had negative view on the SBI card ipo due to global Corona out break, so I gave the ipo avoid call, as I knew stock would be available at lower price but I am bullish on the stock.
3292. sagar dasa |   Link |  Bookmark |April 12, 2020 7:21:43 PM
Stock market is again giving opportunity to exit the stocks.. please exit all the stocks n buy when nifty reaches 3000 points
3292.1. amit K singh |   Link |  Bookmark |April 16, 2020 2:31:20 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
@Sagar, @Mr Kumar, @ Carn Mohan, Corporates are not fools.... Worlds richest and wealthiest have their money in stock markets or shares. So why worry... anyway stock market is not the place for weak hearts...
3291. Mayank Grover |   Link |  Bookmark |April 14, 2020 12:11:36 AM
It has been 1 month already I haven't recieved the Refund for unallocated lot . I had bid for 2 lot out of which 1 lot was allocated to me . The refund for the other log has not credited to me .
3291.1. Ashvanth |   Link |  Bookmark |April 14, 2020 10:33:19 AM
Even for me too the refund is not created yet..... Any idea how long will it take......
3290. Carn Mohan |   Link |  Bookmark |April 14, 2020 7:11:43 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Halat dekh kar sub bullish bhag gai.
When NSE was 7500 rate Rs 580 when NSE 9100 rate Rs 500 Ha Ha Ha
Plastic card.
3289. MR. KUMAR |   Link |  Bookmark |April 13, 2020 4:58:05 PM
It will become reliance power. It will test RS 300 soon . Bakwas IPO of the year.

Don't buy even at RS 300 otherwise you loose more.
3288. Shahid |   Link |  Bookmark |April 12, 2020 2:22:33 AM
Yes
3287. easemyinvestment |   Link |  Bookmark |April 11, 2020 9:16:24 PM
This message has been removed by a moderator.
3287.1. amit K singh |   Link |  Bookmark |April 11, 2020 10:37:56 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
Very True sir. Nothing can be done by the investors now other than staying in loss from the ipo nightmare of the century. All qibs, Hnis, Retail, employees, all caregories impacted. It's duty of the promoters to give some kind of compensation by issuing additional shares or money back in the form of dividends. In this trying time, the government promoted company should not only resort to maximum profits from ipo proceeds but also investors welfare... Hope promoters are reading this forum as they did when ipo was open working full time in advertisements and creating a fake gmp...
3286. amit K singh |   Link |  Bookmark |April 10, 2020 3:23:46 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
IRCTC question:- IRCTC fast growing in railways ticketing, private trains, etc, etc. .. It looked like there is no one can stop IRCTC share's upward movement. Many experts gave 2 months target... target achieved, but what next. Now Corona came. All trains are cancelled, all tickets cancelled. No trains , no ticket bookings at least till July. No hotel bookings.. who will give fat pay checks to the huge employees... No one has thought this stock will be nothing but a piece of bronze... Even railways complained to govt about low pricing of ipo. But even now, ipo price of Rs 425 for the stock looks too costly when there will be travel ban for at least 18 months from now... Any thoughts.... (I know the price of the stock now is 1200+, but still I am posting my view)…
3286.1. Roxpatel |   Link |  Bookmark |April 11, 2020 9:11:03 AM
IPO Mentor IPO Mentor (600 Posts, 700+ Likes)
Do you know that IRCTC develops ventilators, mask, and other many more services, and still employees are working with keeping social distancing
3286.2. amit K singh |   Link |  Bookmark |April 11, 2020 12:16:19 PM
IPO Guru IPO Guru (1000+ Posts, 1600+ Likes)
@roxpatel, I know Irctc employees are learning to stich masks at home, preparing khichdi, they are distributing these masks, khichdi meals free for the needy people as volunteering services as part of their humanitarian drive. It is very much appreciated. But it will not help to top line. Employees jobs are safe are they are with railways.
3285. Carn Mohan |   Link |  Bookmark |April 8, 2020 9:21:20 AM
IPO Mentor IPO Mentor (1100+ Posts, 400+ Likes)
Ha Ha Ha Quality comments 750 pay phas gaya hi, ak baat apnay demag may rakh lo market may kus bhi asambhaw nahi hi.
3285.1. Quality Comment |   Link |  Bookmark |April 9, 2020 5:45:09 PM
Fasa nahi hoon bhai. preopen me naye buy karne ko rakhe 700 pe & allotted sold karne k liye 755 pe rakhe the. jo usdin muje 661 me mil gye the n wo sold mene 730 pe kiye the n allotted bhi 755 pe execute ho gaye the. so fasne ki baat to ati hi nahi. I am also follow here some of GURU and based on take decision. but like you with mentor status I am not believe you.