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

Mar 2, 2020 - Mar 5, 2020

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 Promoters:

The promoter of the Company is SBI.

Company Financials:

Summary of financial Information (Restated)
Particulars	For the year/period ended (₹ 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

Objects of the Issue:

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 Details

IPO Date	Mar 2, 2020 - Mar 5, 2020
Issue Type	Book Built Issue IPO
Issue Size	137,193,464 Eq Shares of ₹10 (aggregating up to ₹10,354.77 Cr)
Fresh Issue	6,622,517 Eq Shares of ₹10 (aggregating up to ₹500.00 Cr)
Offer for Sale	130,526,798 Eq Shares of ₹10 (aggregating up to ₹9,854.77 Cr)
Face Value	₹10 Per Equity Share
IPO Price	₹750 to ₹755 Per Equity Share
Employee Discount	₹75
Market Lot	19 Shares
Min Order Quantity	19 Shares
Listing At	BSE, NSE
P/E (x)	45.8
Market Cap (₹ Cr.)	70890

SBI Cards IPO Tentative Date / Timetable

Bid/Offer Opens On	Mar 2, 2020
Bid/Offer Closes On	Mar 5, 2020
Finalisation of Basis of Allotment	Mar 11, 2020
Initiation of Refunds	Mar 12, 2020
Credit of Shares to Demat Acct	Mar 13, 2020
IPO Shares Listing Date	Mar 16, 2020

SBI Cards IPO Lot Size and Price (Retail)

Application	Lots	Shares	Amount (Cut-off)
Minimum	1	19	₹14,345
Maximum	13	247	₹186,485

SBI Cards IPO Promoter Holding

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

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 ₹2 lakh and maximum up to reserved poprtion for the SH category. SBI shareholders (bidding up to ₹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 ₹2 lakhs), Shareholder (up to ₹2 lakhs) and Employees (up to ₹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 ₹5 lakhs. The maximum allotment to employees cannot be above ₹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 ₹2 lakhs, subject to maximum limit not exceeding ₹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 Subscription Status (Bidding Detail)

SBI Cards IPO how much subscribed?
	No. of Times Issue Subscribed (BSE + NSE)
As on Date & Time	QIB	NII	RII	Employee	Others	Total
Shares Offered	24,224,003	18,341,418	42,796,641	1,864,669	13,052,680	100,279,411
Mar 5, 2020 18:45	57.18x	45.23x	2.50x	4.74x	25.36x	26.54x

SBI Cards IPO Prospectus

› SBI Cards IPO DRHP
› SBI Cards IPO RHP

SBI Cards IPO Rating

6222

4.2

Rating:

Vote Here ...

SBI Cards IPO Listing Date

Listing Date	Monday, March 16, 2020
BSE Script Code	543066
NSE Symbol	SBICARD
Listing In	B
ISIN	INE018E01016
IPO Price	₹755 Per Equity Share
Face Value	₹10 Per Equity Share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume

BSE
₹755.00
₹658.00
₹658.00
₹755.00
₹683.20
4,167,374

NSE
₹755.00
₹661.00
₹656.00
₹755.00
₹681.40
60,893,377

SBI Cards IPO Reviews / Ratings

Company Contact Information

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
   Link Intime India Private Ltd
   C 101, 247 Park, L.B.S.Marg,
   Vikhroli (West), Mumbai - 400083

Phone: +91-22-4918 6270
Email: sbicard.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

SBI Cards IPO Lead Manager(s)

Lead Manager Reports

SBI Cards IPO Questions

1. What is SBI Card IPO?

SBI Cards & Payment Services Ltd is coming up with an initial public offer of around ₹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 ₹5L under employee quota in addition to ₹2L in retail and ₹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.

Discuss this question
2. How to buy SBI Card IPO Online?
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.
Discuss this question
3. What is SBI Card IPO lot size and price?

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

Discuss this question
4. Can I apply in retail and shareholder quota for SBI Card IPO?

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 ₹200,000 in shareholders category.

Please note an eligible SBI shareholder bidding in SBI shareholder reservation portion (subject to bid amount not exceeding ₹2,00,000 under SBI shareholder reservation portion) may also bid under net offer i.e. either in Retail Individual Bidders Portion for upto ₹200,000 OR in Non-Institutional Bidders Portion such that the Bid Amount exceeds ₹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 ₹200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids.

Discuss this question
5. What is the maximum amount to apply under the Retail and shareholder category for SBI Card IPO?
The maximum bid amount when applying in both Retail and Shareholders Category is:
1. Shareholders Category: ₹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 ₹2,00,000 under SBI shareholder reservation portion) may also bid under net offer i.e. either in Retail Individual Bidders Portion for upto ₹200,000 OR in Non-Institutional Bidders Portion such that the Bid Amount exceeds ₹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 ₹200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids.

Discuss this question
6. When the bids are rejected considering multiple bids in the SBI Card IPO?
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
Discuss this question
7. Can I apply in Employee and Retail Category in SBI Card IPO?
Eligible Employees can bid under all 3 categories of SBI Card IPO:
- Retail Category (any amount*)
- Shareholder Category (< ₹2L)
- Employee Category (<₹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 < ₹2L is considered as RII and above ₹2L is NII.

Discuss this question
8. How many SBI shares required to eligible for SBI Card shareholders category?

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.

Discuss this question
9. What is a cut-off date for SBI shareholders in the SBI Cards IPO?

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.

Discuss this question
10. How can I buy SBI cards IPO through Zerodha?
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
Discuss this question
11. Can I apply in SBI Card IPO using a bank account or UPI on a different name?
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.
Discuss this question

SBI Cards IPO FAQs

1. What is SBI Cards IPO?

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 price of the IPO is ₹750 to ₹755 Per Equity Share. The minimum order quantity is 19 Shares per application and the offer type is Book Built Issue.

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

Link Intime India Private Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
2. When SBI Cards IPO will open?

The SBI Cards IPO opens on Mar 2, 2020 and closes on Mar 5, 2020.
3. How to apply for SBI Cards IPO?

SBI Cards IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications. An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
4. When SBI Cards IPO allotment?

The finalization of Basis of Allotment for SBI Cards IPO will be done on Mar 11, 2020, and the allotted shares will be credited to your demat account by Mar 13, 2020. Check the SBI Cards IPO allotment status.
5. When is SBI Cards IPO listing date?

The SBI Cards IPO listing date is on Monday, March 16, 2020, at BSE, NSE.
6. What is the lot size of SBI Cards IPO?

SBI Cards IPO lot size is 19 Shares and the minimum order quantity is 19 Shares.

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SBI Cards IPO Review / Comments

3279. Carn Mohan Apr 3, 2020 09:34

1 |

IPO Mentor (700+ Posts, 200+ Likes)

The next 2 years the market is going to be in a severe downturn, I believe that the Nifty can come to 2500.

3279.1. IPOBABY Apr 3, 2020 10:54

Of course but there is a catch to it. One must be alive to be able to buy at such catostrophic levels. I mean FPIs operating from outside India might live to see the day. Are you an FPI by the way?

3279.2. amit K singh Apr 3, 2020 19:47

Top Contributor (400+ Posts, 700+ Likes)

@ipobaby well said. Nifty/Sensex/dow/… all are irrelevant right now. Life of people and getting back to normalcy is more priority than this lousy markets..... when we can not step out from our home , get daily grocery, can not meet our friends, no religious or cultural get-together... what's point if nifty hits 1000 or 12000... 50,000 + people already died. millions are forecasted to die. who lives to see next 2 weeks is like our ipo lottery... no one knows who will get corona. .. God bless India... and RIP Chinese....

3278. Ajmera Apr 3, 2020 13:17

I think Nifty range may be 7500 to 10000 for 1 year

3277. Kailash sharma Apr 2, 2020 18:07

Hi Sagar dasa Nifty may test 6000 marks not 3000 and the stock you discuss not come to your dream prize except PVR

3276. sagar dasa Apr 1, 2020 01:37

2 |

1 |

Hi All
Its almost confirmed that sensex will test at 8000 n nifty will reach to 3000 before staring a bull run.. So i am targetting SBI cards to buy around 300 levels by mid may 2020.. I am targeting to buy below stocks at given prices
1. Asian pains - Rs 500
2. Pidilite industries - Rs 400
3. Maruti - Rs 2,500
4. 3m india - Rs 8,000
5. PVR - Rs 500
6. Indian Hotels - Rs 30
7. Reliance industries - Rs 600
8. Bata - Rs 600
9. Kotak Bank - Rs 550
10. Dmart - Rs 1200.

Load more comments (1 replies)

3276.2. amit K singh Apr 1, 2020 20:16

Top Contributor (400+ Posts, 700+ Likes)

@sagar, what ever retail thinks, they can think, but market will behave differently!!! It has its own way of movement, not one way/ two way road...

3276.3. Kailash sharma Apr 2, 2020 18:02

Only PVR can come to your dream prize none of those other stock comes this prize.

3275. bcskal Mar 31, 2020 08:52

Lockdown is given for all the companies, factories, govt. offices etc. etc, but why not for the Indian Stock Market? Why only the Indian stock market should work now in this difficult period and daily it is losing by about 1000-points? If the same trend continues, then after one month it will become zero (or) even negative.
I request the Finance Minister, BSE & NSE to close down the Indian stock market up to 14th April 2020. Everybody kindly support my idea, please. Thanks..

3275.1. bcskal Apr 1, 2020 12:22

2 |

Why nobody in INDIA is supporting my idea. Today also you can see the sensex has come down around 1000-points. If the same trend continues, then by the end of APRIL-2020, sensex will be around 0(zero) (or) even (-ve) also. Friends, please support my idea for closing down the Indian Stock Market, at least till 14th April 2020. Thanks.

3274. Cautious ipo Mar 12, 2020 10:43

1 |

Top Contributor (300+ Posts, 300+ Likes)

Nifty at 9877 ...dont waste your hard earned money in market ...nifty may fall as low as 8350/7880 sooner

Load more comments (25 replies)

3274.1. Cautious ipo Mar 13, 2020 10:11

Top Contributor (300+ Posts, 300+ Likes)

Horrible .....Horrible

3274.2. Cautious ipo Mar 19, 2020 10:20

Top Contributor (300+ Posts, 300+ Likes)

Nifty to drift further 6881

3274.3. VALUE INVESTOR Mar 19, 2020 11:43

2 |

IPO Mentor (800+ Posts, 500+ Likes)

atleast for next 3 weeks, it is purely TRADERS market, not investors market.
don't get swayed away by sharp fall or sharp recoveries.

3274.4. Cautious ipo Mar 20, 2020 17:25

Top Contributor (300+ Posts, 300+ Likes)

After falling at 7880 nifty rallies 1000 point can rally further 500 point more from todays ???

3274.5. Pradip IPO Mar 20, 2020 19:33

1 |

Top Contributor (200+ Posts, 300+ Likes)

NO.

For me this is a fake upmove, just to trap retailers.

By making them average their holdings or making them buy few blue chip stocks.

Hope i go wrong. :-)

3274.6. Quality Comment Mar 20, 2020 19:56

1 |

its just technical bounce back after few days drop. on monday it will crash more than todays up.

3274.7. Pradip IPO Mar 23, 2020 08:06

Top Contributor (200+ Posts, 300+ Likes)

SGX -1100

Only GOD can save the world from Corona virus now.

Italy na haar maan li ha, america ma 1 din ma case double hogae ha.

Pray that india ma esi halat na dekhna ko mila, jitna ho sake khud ko isolate karlo.

Don't depend on gov. to act, its your life, you need to act for your own life.

3274.8. amit K singh Mar 23, 2020 09:09

Top Contributor (400+ Posts, 700+ Likes)

We need to wait for drugs for Corona to save the world now. I heard a french researcher has some positive results.. Let's pray someone finds the drugs at the earliest...

3274.9. Pradip IPO Mar 23, 2020 10:44

Top Contributor (200+ Posts, 300+ Likes)

Nooo.

Mixing of two drug is not a solution.

Indians are taking corona very lightly.

Even police are not forcing people to stay at home.

Sab mazze sa aaj bahar ghoom rahe ha.

Yaha community spread hua na, toh Italy, china chota laagna lagenga.

Be responsible to a society and your family, atleast 15-45 days ka lia lock down hojao.

Don't rely on gov. or others to protect you.

Khud ko he bacha na ha corona sa. 🤞

Trump ki laparvaahi sa aaj america ma itna fael gaya, january ma iska pass input thi, par isko india tour karna tha aur modi na bhi karna dia.

Don't know what these leaders were planning.

Their idiotness gonna cost crores of people.

Only god can help us. 🤞

Pray to god.

3274.10. Roxpatel Mar 23, 2020 10:59

2 |

@PradipIPO, sorry to say, but you will get disappointment from GOD at this time,
Why GOD will help us? Look at everywhere, the nature, the birds, the animals, everything is happy except HUMANS, GOD will only help those not us. We the HUMANS are responsible for destroyed nature!

3274.11. Pradip IPO Mar 24, 2020 21:50

Top Contributor (200+ Posts, 300+ Likes)

See our P.M declared 21 days lock down.

Great decision.

#Lets Break The Chain.

Be safe and know your responsiblility towards society & your family.

21 din nikal dia acha sa toh shayad apni ane wali generation ko bhi dekh paoo.

Don't take Corona lightly.

Be safe.. God Bless Us All.. :-)

3274.12. amit K singh Mar 24, 2020 21:52

Top Contributor (400+ Posts, 700+ Likes)

Agree...

3274.13. crsl Mar 24, 2020 22:47

lockdown for country
but
not for stock market
in 21 days where to expect Nifty ????

3274.14. Pradip IPO Mar 25, 2020 08:12

Top Contributor (200+ Posts, 300+ Likes)

I am Expecting a Range of 6800 - 9000

Consolidation phase between this range.

Jitna jyada Consolidate hoga market, utna jyada acha rahega..

3274.15. Pradip IPO Mar 27, 2020 15:40

Top Contributor (200+ Posts, 300+ Likes)

As i told here.

Nifty Range of 6800 - 9000

Today High 9039, and low from there 8523.

Closing below 8500 on weekly basis.

We may see fresh 52 week low.

I.e 6800 level.

Hope this level won't come.

3274.16. ammubutter Mar 27, 2020 19:20

Top Contributor (200+ Posts, 200+ Likes)

@cautious ipo ji......ur next nifty target......???

3274.17. Pradip IPO Mar 30, 2020 09:08

Top Contributor (200+ Posts, 300+ Likes)

8386 Pre Open. 🤞

3274.18. amit K singh Mar 30, 2020 09:34

Top Contributor (400+ Posts, 700+ Likes)

@pradeep, when world is lockdown, nifty is irrelevant at this point now as it's just holding it's breath... it's no brainer to forecast nifty ...

3274.19. investormahesh Mar 30, 2020 12:29

Pradip ji 6800 is not just 52 week low. it is 5 or 6 year low

3274.20. bcskal Mar 30, 2020 12:29

Why the indian stock market cannot be locked down till 14th April 2020? Pl. all of you support this idea please.

3274.21. Pradip IPO Mar 31, 2020 07:30

Top Contributor (200+ Posts, 300+ Likes)

In USA when Corona cases were hardly in few thousands, their DOW made low of around 18k.

Now with 164k cases, dow is trading around 22.3k, up by almost 25% from lows.

Anyone know the reason for this Inverse Relation between DOW & Corona Cases ?

And @Mahesh Ji yes 6800 is Multi Year low.. if things doesn't get better in nect few days, we can see this level.

I hope we never see this level. 🤞

3274.22. Pradip IPO Mar 31, 2020 07:40

Top Contributor (200+ Posts, 300+ Likes)

@Amit Ji

Majority investors ka Portfolio aaj ka time ma 60-70% down agae ha.

If woh logg fake Upmove ko dekh ka average / fresh invest karna lage toh aur fasjaenga.

Itna bada fall ka bad ek bounce ata he ha, jo real bhi ho sakta ha and fake bhi, ya kesa pehchana jae ka real ha ya fake ??

Levels sa, as they help us to differentiate.

Else ya market ma Average karna gae toh sab khatam bhi ho sakta ha, game of Probability.

Not everyone is Smart na.

Varna 1000 ma sa 2-3 Logg he kyu earn kar pata ha Stock Market ma ?

Bakki aake, paisa jaala ka chale jaata ha.. Hard Reality 😅

Game he esa design kia gaya ha, emotions, ego, fear, greed, panic.

One mistake, and we are gone in stock market. 😈

3274.23. amit K singh Mar 31, 2020 08:44

Top Contributor (400+ Posts, 700+ Likes)

@Pradeep, Agree. There are Big Fish (May be very very huge) at work to create panic situation, and buy the shares at cheap price.

It happened in past:
1990s- Gulf war
2001s - Terrorist strike
2008s - Auto / Home slow down
2020s- Corona scare.

If you see the trend every 9 to 10 years they come up with master plan and take away all the money form market small investor-retails, from hnis , even from QIBs has no clue about it. It's beyond our reach.

we need to smart and understand how the game unfolds.
wait is only solution...

3274.24. Pradip IPO Mar 31, 2020 09:58

Top Contributor (200+ Posts, 300+ Likes)

Kahi illuminati ka logg toh nahi karva ta ya sab.. :-P

FIIs started creating shorts in December, January Roll over kia, fir feb. month ma bhi roll over kia.

Everyone was like FIIs are loosing badly, they are dumb and all.

One shot and sab kuch jeet ka le gae FIIs.. 😅😅

3274.25. IPOBABY Apr 1, 2020 07:18

Amit singh

1990s- Gulf war
2001s - Terrorist strike
2008s - Auto / Home slow down
2020s- Corona scare.

Are you sure you didn't miss anything? Remember November? That of 2016?

3274.26. amit K singh Apr 1, 2020 08:22

Top Contributor (400+ Posts, 700+ Likes)

Ipobaby, I only added global events to map a trend..

Demonization is targeted for political and protect Indian interests. may not be targeted to share mkt. It also did not have much global impact..

3274.27. IPOBABY Apr 1, 2020 09:44

Of course but in the Indian context, people have already had such paralyzing experience wherein the life had come to a standstill for over a month. Such experience might come handy during these difficult days. Finally I could spot a benefit in a catastrophe too.

3273. IPOBABY Apr 1, 2020 03:07

While someone on here was talking about the depriciating rupee, leading to negation of falliing oil prices, causing inflation to flare up, the interest rates on small savings have again been slashed by up to 1.4 % .Like insurance, now small savings too stands deincentivized

Middle class and those who depend on interest income should quickly try and buy a begging bowl before it becomes too expensive for them to afford. Yes, the time is truly running out.

3272. Carn Mohan Mar 31, 2020 11:57

5 |

IPO Mentor (700+ Posts, 200+ Likes)

Those who have alloted to this share can keep it at par for five to ten years.

3271. bcskal Mar 30, 2020 09:32

Why BSE & NSE cannot be closed till 14.04.2020? It is not an essential item; whereas daily it is going down by around 1000 points and increases our tensions and blood pressure levels. Now also BSE is down by around 850 points. I request the concerned authorities to give a lockdown for BSE & NSE up to 14.04.2020.thanks.

3271.1. investormahesh Mar 30, 2020 12:34

if someone has stocks but no bank balance and needs cash what will he do? stock market should be opened for at least twice a week for less number of hours

3270. amit K singh Mar 29, 2020 16:34

2 |

Top Contributor (400+ Posts, 700+ Likes)

For me China virus bigger threat than Corona virus. We will get out of this Corona virus problem in next 3 to 4 months, but world should think how to get rid of China once for all....

3269. bcskal Mar 29, 2020 15:57

Because of the Corona virus problem, daily the sensex is going down by around 1000 (or) 2000 points and it is increasing our tensions. I request the concerned authorities to close down the BSE & NSE upto 14th April 2020 and then it can be reviewed for opening the same, if the CORONA problem is getting reduced. Hope everybody can understand. Thanks.

3269.1. amit K singh Mar 29, 2020 16:29

Top Contributor (400+ Posts, 700+ Likes)

Good idea...but show must go on...

3268. IPO Electrifying Mar 28, 2020 14:25

Top Contributor (300+ Posts, 200+ Likes)

Nifty will come down to 6000
Make my words.

3268.1. amit K singh Mar 28, 2020 20:41

Top Contributor (400+ Posts, 700+ Likes)

No body is watching nifty /sensex. Everyone is interested in Corona numbers now.. All are wishing Corona numbers to down....

3267. ayushindia Mar 26, 2020 10:46

New Member

Should we buy YES BANK Share at Rs.30

Experts Please Suggest.

Load more comments (1 replies)

3267.2. AnkurGoel Mar 26, 2020 19:13

IPO Guru (1000+ Posts, 1100+ Likes)

Let it be stable. I think below 20 will be good buy.

3267.3. Quality Comment Mar 26, 2020 23:12

@Ankur does 75% lock in applicable for new investor as well?

3266. Ashvanth Mar 25, 2020 15:20

How do i sell this IPO. I have ICICI direct account and I am not able to see this share in my portpolio.
Can anyone help on this.

3265. Ashish Sahu Mar 18, 2020 19:59

New Member

very pathetic attitude from intime, still the money is not unblocked. when I call yesterday they told it would be unblocked in evening, when I called today they told it will be on 21st march, why the hell they need so much time to unblock? it defeats the purpose of ASBA
Zerodha is no good, they are telling to write mail to ncpi as they can't do anything. utter rubbish

Load more comments (2 replies)

3265.3. Ashish Sahu Mar 24, 2020 13:27

New Member

It's now 24th March and still the money is blocked in ASBA, despite the mandate expired on 21 march I don't know how can the money be keep on been blocked. ICICI bank is absolutely non-co-operative to even register any SR despite visiting their branches, have even complained to intime and Sebi scores but nothing is working

3265.4. Manvendra Mar 25, 2020 13:33

Dear Rehan,

I am also facing same issue and the amount is still in lien. Could you please let me know under which category in scores.gov.in I have to raise complain..

3264. A g pujari Mar 24, 2020 09:38

When a Company intends to buy back its shares, it would be necessary to obtain shareholders approval in a General Body Meeting for specially for the purpose. In view of the ongoing country's lock out on account of Covid-19, when Section 144 is imposed throughout the country, how such companies can call for a GB for such purposes ? Will they proceed ahead based only on electronic voting y ? Knowledgeable persons please advise.

3264.1. A g pujari Mar 25, 2020 10:19

Admin can you please advise ?

3263. IPOBABY Mar 25, 2020 08:56

3 |

2 |

GIC RE IPO was sold to retail at 867 / share (Rs. 433 post bonus) now at Rs 85 and still tumbling. Might quote under 10 in a few.
When is LIC coming with IPO? I bet retail still has a lot of family wealth left to squnder

3262. Chem cho Mar 12, 2020 10:13

1 |

IPO Guru (1800+ Posts, 1700+ Likes)

EXPERTS
VIEW ON IPO SBI CARD

WE HAVE ASKED NOT TO APPLY IN IPO

3262.1. Chem cho Mar 23, 2020 14:34

1 |

IPO Guru (1800+ Posts, 1700+ Likes)

hi

experts view on sbi card iop @ Rs584 low today at 2.33pm 23/3/20

3262.2. Roxpatel Mar 24, 2020 17:38

Good call, thanks chemcho sir, bought some quantity
Any preferred target?

3261. trevis Mar 24, 2020 12:20

Hi Experts,

I have purchased good quantity of SBI cards shares now. What would be your suggestion can I hold or Sell out immediately.
bought price 650/-

Thx in Advance.

3261.1. Roxpatel Mar 24, 2020 17:35

On daily chart, the gap should be filled, between 690 to 720

3260. IPOBABY Mar 24, 2020 08:14

Corona pandemic is now an (inter)national emergency. So why is government still charging GST on Corona virus tests and insurance policies? While other countries are making such tests free.

The government yesterday passed an amendment to the fianance bill enabling them to raise the duty on petrol and diesel by another Rs. 8 / liter

So whats stopping them from utilising a bit of that humongous profit for common citizens? For Corona cause / case.

3260.1. SivaMDU Mar 24, 2020 13:32

@IPOBABY, Govt has somany vote bank based 'Jojana's to feed. Plenty of money is being wasted on such schemes without monitoring the actual beneficiaries. Don't surprise to see Covid-19 surcharges of 5% in forthcoming income tax. Being a responsible citizen, we are ready to share the financial implications arising out this pandemic but before that Govt should re-check their leaking pipes. All unwanted schemes should be stopped for a while in view of emerging situation.

3260.2. IPOBABY Mar 24, 2020 13:55

Very well said SivaMDU

People must stop being followers, worshipers. People must realise that there is no God among the humans. People should take a clue or two from Pancha Tantras, one person can neither fool another all the time, nor can they fool everyone at once. People must start to think, analyse,question. We must live like humans, the creatures with brains. It's high time.

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