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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.

     

  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.

     

  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.

     

  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.

     

  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.

     

  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

     

  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.

     

  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.

     

  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.

     

  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

     

  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.

     

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

amit K singh
3304. amit K singh  Jun 3, 2020 14:02 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
SBI Card is on it's way up... But still a lot of gap to cover to reach ipo price...
SekharG
3304.1. SekharG  Jun 3, 2020 21:52 I Like It. | I Don't Like It. | Report Abuse
Long term it would be rewarding. But we need patience to hold it until this Corona subsides.
Ashvanth
3303. Ashvanth  May 22, 2020 13:55 I Like It. | I Don't Like It. | Report Abuse Reply
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.
A g pujari
3302. A g pujari  May 10, 2020 11:06 I Like It. | I Don't Like It. | Report Abuse Reply
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.
Team Chittorgarh.com
3302.1. Team Chittorgarh.com  May 13, 2020 12:06 I Like It. 1 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ 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,

Chittorgarh.com Admins

phrao
3301. phrao  May 10, 2020 17:49 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Worst results.

As per results share value is.

Rs. 240.00- 260.00
amit K singh
3300. amit K singh  May 6, 2020 10:01 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
SBI Card result is on 8th may.
amit K singh
3300.1. amit K singh  May 10, 2020 08:14 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
SBI Result for JFM quarter, Rs 2433 crore, profit 83 crore.. Seems SBI management washing off their hands in flowing Ganga.. When they collected more than 10000 crore from ipo proceeds, how a company would show 88 crore profits and Rs 1 as dividend....disappointing...
Maruti kalbande
3299. Maruti kalbande  May 3, 2020 10:45 I Like It. | I Don't Like It. | Report Abuse Reply
New Member New Member
Ok
Chem cho
3298. Chem cho  Apr 13, 2020 15:04 I Like It. | I Don't Like It. 13 | Report Abuse Reply
IPO Guru IPO Guru (1800+ Posts, 1700+ Likes)
DO NOT BUY SBI CARD EVEN AT RS 501
amit K singh
3298.6. amit K singh  Apr 29, 2020 21:45 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ 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...
amit K singh
3298.7. amit K singh  May 3, 2020 08:00 I Like It. 1 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
Remdedivir is now approved by USA FDA. Good news for market...
easemyinvestment
3297. easemyinvestment  Apr 30, 2020 22:46 I Like It. 2 | I Don't Like It. | Report Abuse Reply
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.
amit K singh
3296. amit K singh  Apr 28, 2020 08:20 I Like It. | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 800+ 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...
amit K singh
3296.5. amit K singh  Apr 29, 2020 21:48 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ 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...
amit K singh
3296.6. amit K singh  Apr 30, 2020 19:21 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
Reliance rights issue update 1:15, i.e. 1 share for every 15 share held, cut-off date yet to be announced, price rs 1257/share
sagar dasa
3295. sagar dasa  Apr 12, 2020 19:21 I Like It. | I Don't Like It. 6 | Report Abuse Reply
Stock market is again giving opportunity to exit the stocks.. please exit all the stocks n buy when nifty reaches 3000 points
amit K singh
3295.1. amit K singh  Apr 16, 2020 14:31 I Like It. 5 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ 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...
Roxpatel
3295.2. Roxpatel  Apr 30, 2020 18:25 I Like It. 2 | I Don't Like It. | Report Abuse
@sagar, are you still live? After you sold every stock, nifty is near 10000 now 😂
A g pujari
3294. A g pujari  Apr 29, 2020 14:16 I Like It. | I Don't Like It. | Report Abuse Reply
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..
Eagleye
3293. Eagleye  Apr 20, 2020 10:59 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (5000+ Posts, 17500+ Likes)
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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
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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
Cautious ipo
3293.2. Cautious ipo  Apr 22, 2020 20:58 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ Likes)
No need for re file . Sebi extended extra six month validity .
amit K singh
3293.3. amit K singh  Apr 26, 2020 13:01 I Like It. 2 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ Likes)
Not sure another extra 6 months extension is enough, as as per my forecast no ipo will hit the market before Jan 2022 considering current situation of the world...
amit K singh
3292. amit K singh  Apr 7, 2020 19:49 I Like It. 3 | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (400+ Posts, 800+ 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...
Cautious ipo
3292.2. Cautious ipo  Apr 12, 2020 16:44 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 300+ 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।
K SathishKumaara
3292.3. K SathishKumaara  Apr 19, 2020 19:24 I Like It. | I Don't Like It. | Report Abuse
@Amit, NICE share!
Carn Mohan
3291. Carn Mohan  Apr 13, 2020 11:53 I Like It. 2 | I Don't Like It. 4 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Ha Ha Ha card lover kaha ho
Another Reliance Power
Becareful highly overvalued.
amit K singh
3291.2. amit K singh  Apr 17, 2020 10:58 I Like It. 5 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ 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...
amit K singh
3291.3. amit K singh  Apr 17, 2020 12:35 I Like It. 5 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ 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.
Mayank Grover
3290. Mayank Grover  Apr 14, 2020 00:11 I Like It. | I Don't Like It. | Report Abuse Reply
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 .
Ashvanth
3290.1. Ashvanth  Apr 14, 2020 10:33 I Like It. | I Don't Like It. | Report Abuse
Even for me too the refund is not created yet..... Any idea how long will it take......
Carn Mohan
3289. Carn Mohan  Apr 14, 2020 07:11 I Like It. | I Don't Like It. 3 | Report Abuse Reply
IPO Mentor IPO Mentor (700+ Posts, 200+ Likes)
Halat dekh kar sub bullish bhag gai.
When NSE was 7500 rate ₹ 580 when NSE 9100 rate ₹500 Ha Ha Ha
Plastic card.
MR. KUMAR
3288. MR. KUMAR  Mar 16, 2020 13:49 I Like It. 2 | I Don't Like It. 10 | Report Abuse Reply
SELL SELL SELL .

755 WILL BECOME LIFE TIME HIGH.

IT IS ANOTHER RELIANCE POWER. A CHOR COMPANY.
Justaninvestor
3288.3. Justaninvestor  Mar 16, 2020 14:36 I Like It. | I Don't Like It. | Report Abuse
It's good issue unlike Reliance Power. Down due to market conditions. Wait for 3-4 months.
MR. KUMAR
3288.4. MR. KUMAR  Apr 13, 2020 17:04 I Like It. | I Don't Like It. | Report Abuse
I earlier told this
MR. KUMAR
3287. MR. KUMAR  Apr 13, 2020 16:58 I Like It. | I Don't Like It. 1 | Report Abuse Reply
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.
Shahid
3286. Shahid  Apr 12, 2020 02:22 I Like It. | I Don't Like It. | Report Abuse Reply
Yes
easemyinvestment
3285. easemyinvestment  Apr 11, 2020 21:16 I Like It. | I Don't Like It. | Report Abuse Reply
This message has been removed by a moderator.
amit K singh
3285.1. amit K singh  Apr 11, 2020 22:37 I Like It. 3 | I Don't Like It. 1 | Report Abuse
Top Contributor Top Contributor (400+ Posts, 800+ 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...






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