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 DateMar 2, 2020 - Mar 5, 2020
Issue TypeBook Built Issue IPO
Issue Size137,193,464 Eq Shares of ₹10
(aggregating up to ₹10,354.77 Cr)
Fresh Issue6,622,517 Eq Shares of ₹10
(aggregating up to ₹500.00 Cr)
Offer for Sale130,526,798 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 Lot19 Shares
Min Order Quantity19 Shares
Listing AtBSE, NSE
P/E (x)45.8
Market Cap (₹ Cr.)70890

SBI Cards IPO Tentative Date / Timetable

Bid/Offer Opens OnMar 2, 2020
Bid/Offer Closes OnMar 5, 2020
Finalisation of Basis of AllotmentMar 11, 2020
Initiation of RefundsMar 12, 2020
Credit of Shares to Demat AcctMar 13, 2020
IPO Shares Listing DateMar 16, 2020

SBI Cards IPO Lot Size and Price (Retail)

ApplicationLotsSharesAmount (Cut-off)
Minimum119₹14,345
Maximum13247₹186,485

SBI Cards IPO Promoter Holding

Pre Issue Share Holding74%
Post Issue Share Holding69.51%

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 Rating

6222
4.2
Rating:Rated 4.2 stars

Vote Here ...

SBI Cards IPO Listing Date

Listing DateMonday, March 16, 2020
BSE Script Code543066
NSE SymbolSBICARD
Listing InB
ISININE018E01016
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 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 Questions

  1. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 2. When SBI Cards IPO will open?

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

  3. 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. 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. 5. When is SBI Cards IPO listing date?

    The SBI Cards IPO listing date is on Monday, March 16, 2020, at BSE, NSE.
  6. 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

Carn Mohan
3279. Carn Mohan  Apr 3, 2020 09:34 I Like It. | I Don't Like It. 1 | Report Abuse Reply
IPO Mentor 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.
IPOBABY
3279.1. IPOBABY  Apr 3, 2020 10:54 I Like It. | I Don't Like It. | Report Abuse
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?
amit K singh
3279.2. amit K singh  Apr 3, 2020 19:47 I Like It. | I Don't Like It. | Report Abuse
Top Contributor 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....
Ajmera
3278. Ajmera  Apr 3, 2020 13:17 I Like It. | I Don't Like It. | Report Abuse Reply
I think Nifty range may be 7500 to 10000 for 1 year
Kailash sharma
3277. Kailash sharma  Apr 2, 2020 18:07 I Like It. | I Don't Like It. | Report Abuse Reply
Hi Sagar dasa Nifty may test 6000 marks not 3000 and the stock you discuss not come to your dream prize except PVR
sagar dasa
3276. sagar dasa  Apr 1, 2020 01:37 I Like It. 2 | I Don't Like It. 1 | Report Abuse Reply
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.
amit K singh
3276.2. amit K singh  Apr 1, 2020 20:16 I Like It. | I Don't Like It. | Report Abuse
Top Contributor 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...
Kailash sharma
3276.3. Kailash sharma  Apr 2, 2020 18:02 I Like It. | I Don't Like It. | Report Abuse
Only PVR can come to your dream prize none of those other stock comes this prize.
bcskal
3275. bcskal  Mar 31, 2020 08:52 I Like It. | I Don't Like It. | Report Abuse Reply
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..
bcskal
3275.1. bcskal  Apr 1, 2020 12:22 I Like It. | I Don't Like It. 2 | Report Abuse
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.
Cautious ipo
3274. Cautious ipo  Mar 12, 2020 10:43 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Top Contributor 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
amit K singh
3274.26. amit K singh  Apr 1, 2020 08:22 I Like It. | I Don't Like It. | Report Abuse
Top Contributor 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..
IPOBABY
3274.27. IPOBABY  Apr 1, 2020 09:44 I Like It. | I Don't Like It. | Report Abuse
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.
IPOBABY
3273. IPOBABY  Apr 1, 2020 03:07 I Like It. | I Don't Like It. | Report Abuse Reply
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.
Carn Mohan
3272. Carn Mohan  Mar 31, 2020 11:57 I Like It. | I Don't Like It. 5 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Those who have alloted to this share can keep it at par for five to ten years.
bcskal
3271. bcskal  Mar 30, 2020 09:32 I Like It. | I Don't Like It. | Report Abuse Reply
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.
investormahesh
3271.1. investormahesh  Mar 30, 2020 12:34 I Like It. | I Don't Like It. | Report Abuse
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
amit K singh
3270. amit K singh  Mar 29, 2020 16:34 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Top Contributor 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....
bcskal
3269. bcskal  Mar 29, 2020 15:57 I Like It. | I Don't Like It. | Report Abuse Reply
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.
amit K singh
3269.1. amit K singh  Mar 29, 2020 16:29 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 700+ Likes)
Good idea...but show must go on...
IPO Electrifying
3268. IPO Electrifying  Mar 28, 2020 14:25 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 200+ Likes)
Nifty will come down to 6000
Make my words.
amit K singh
3268.1. amit K singh  Mar 28, 2020 20:41 I Like It. | I Don't Like It. | Report Abuse
Top Contributor 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....
ayushindia
3267. ayushindia  Mar 26, 2020 10:46 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Should we buy YES BANK Share at Rs.30

Experts Please Suggest.
AnkurGoel
3267.2. AnkurGoel  Mar 26, 2020 19:13 I Like It. | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1100+ Likes)
Let it be stable. I think below 20 will be good buy.
Quality Comment
3267.3. Quality Comment  Mar 26, 2020 23:12 I Like It. | I Don't Like It. | Report Abuse
@Ankur does 75% lock in applicable for new investor as well?
Ashvanth
3266. Ashvanth  Mar 25, 2020 15:20 I Like It. | I Don't Like It. | Report Abuse Reply
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.
Ashish Sahu
3265. Ashish Sahu  Mar 18, 2020 19:59 I Like It. | I Don't Like It. | Report Abuse Reply
New Member 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
Ashish Sahu
3265.3. Ashish Sahu  Mar 24, 2020 13:27 I Like It. | I Don't Like It. | Report Abuse
New Member 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
Manvendra
3265.4. Manvendra  Mar 25, 2020 13:33 I Like It. | I Don't Like It. | Report Abuse
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..
A g pujari
3264. A g pujari  Mar 24, 2020 09:38 I Like It. | I Don't Like It. | Report Abuse Reply
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.
A g pujari
3264.1. A g pujari  Mar 25, 2020 10:19 I Like It. | I Don't Like It. | Report Abuse
Admin can you please advise ?
IPOBABY
3263. IPOBABY  Mar 25, 2020 08:56 I Like It. 3 | I Don't Like It. 2 | Report Abuse Reply
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
Chem cho
3262. Chem cho  Mar 12, 2020 10:13 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
EXPERTS
VIEW ON IPO SBI CARD

WE HAVE ASKED NOT TO APPLY IN IPO
Chem cho
3262.1. Chem cho  Mar 23, 2020 14:34 I Like It. 1 | I Don't Like It. 1 | Report Abuse
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
hi

experts view on sbi card iop @ Rs584 low today at 2.33pm 23/3/20
Roxpatel
3262.2. Roxpatel  Mar 24, 2020 17:38 I Like It. | I Don't Like It. | Report Abuse
Good call, thanks chemcho sir, bought some quantity
Any preferred target?
trevis
3261. trevis  Mar 24, 2020 12:20 I Like It. | I Don't Like It. | Report Abuse Reply
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.
Roxpatel
3261.1. Roxpatel  Mar 24, 2020 17:35 I Like It. | I Don't Like It. | Report Abuse
On daily chart, the gap should be filled, between 690 to 720
IPOBABY
3260. IPOBABY  Mar 24, 2020 08:14 I Like It. | I Don't Like It. | Report Abuse Reply
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.
SivaMDU
3260.1. SivaMDU  Mar 24, 2020 13:32 I Like It. | I Don't Like It. | Report Abuse
@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.
IPOBABY
3260.2. IPOBABY  Mar 24, 2020 13:55 I Like It. | I Don't Like It. | Report Abuse
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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