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

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 18.0% market share of the Indian credit card market (number of credit cards) as of March 31, 2019, and September 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 six months ended September 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 22,007 branches across India. The partnership enables it to market its cards to a huge customer base of 436.4 million customers.

Headquartered in New Delhi, as of September 30, 2019, the company has a sales force of 33,086 outsourced sales personnel operating out of 133 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)
30-Sep-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 244,591.43 202,396.34 156,860.02 107,649.85
Total Revenue 46,772.08 72,868.34 53,701.92 34,710.38
Profit After Tax 7,258.82 8,627.19 6,011.43 3,728.59

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

Issue Open
Issue TypeBook Built Issue IPO
Issue Size
Fresh Issue[.] Eq Shares of ₹10
(aggregating up to ₹500.00 Cr)
Offer for Sale130,526,798 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value₹10 Per Equity Share
Issue Price[.] to [.] Per Equity Share
Market Lot
Min Order Quantity
Listing AtBSE, NSE

SBI Cards IPO Promoter Holding

Pre Issue Share Holding74%
Post Issue Share Holding

SBI Shareholders Reservation in SBI Cards IPO

Investors who hold SBI shares on the cut-off date (the date of filing RHP with SEBI) are eligible to apply under the shareholder's category of SBI Cards IPO. As per SEBI, the maximum limit defined for the 'retail individual shareholders to apply in shareholder category is ₹2 lakhs. 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).

Note: As per the DRHP, SBI Shareholders applying for the Bid Amount above ₹2 lakhs under the SBI Shareholders Reservation Portion, respectively, and QIBs (including Anchor Investors) and Non-Institutional Investors, are not entitled to Bid at Cut-off Price. We have to wait till RHP to confirm whether the retail individual shareholder is eligible to invest above ₹2 lakhs or only NII/QIB who are SBI shareholder bidding under the shareholder category can apply above ₹2 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 Prospectus

SBI Cards IPO Rating

2593
4.2
Rating:Rated 4.2 stars

Vote Here ...

SBI Cards IPO Reviews / Ratings

Sorry, we couldn't find any reviews, please check back later.

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 Questions

  1. 1. What is the last date to buy SBI shares to become eligible for SBI Cards shareholder category?

    To become eligible SBI Cards shareholder, you must have SBI shares in your Demat account on the cut-off date (the date of filing RHP with SEBI). Buy SBI shares before T+2 trading days of the record date so that you get the credit of the shares in your Demat account a day before the record date.

    Discuss this question

  2. 2. 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.

    Note:

    • SBI shareholders can apply in both; RII as well as shareholder category with the maximum limit of ₹200,000 in each.
    • Eligible SBI shareholders can not apply in both; NII as well as shareholder category. i.e. If you are applying in the shareholder's category (more than ₹2L), you cannot apply in the retail category.

    Discuss this question

  3. 3. What is the maximum amount to apply under the Retail and shareholder category for SBI Card IPO?

    The maximum bid amount for Retail Individual Bidders and Eligible Shareholders Bidding in the Shareholder Reservation Portion is up to ₹200,000.

    Note that individual investor applying as NII (over ₹2 lakhs) is not eligible to apply in Shareholder category.

    Discuss this question

  4. 4. 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
    • An Eligible Shareholder, apply in Shareholder as well as NII category.

    Discuss this question

  5. 5. 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 (< ₹2L)
    • Shareholder Category
    • Employee Category

    The amount of the bid should not exceed ₹200,000 in shareholder and retail categories.

    If you are an SBI employee, you can apply in SBI card using 3 applications, one each in RII, Shareholder and Employee category.

    Discuss this question

  6. 6. If I buy 1 share of SBI will I be eligible for Shareholder's quota for SBI Card IPO?

    If you hold 1 share of SBI in your demat account on the cut off date (when RHP is filed), you are eligible to apply under shareholders category of SBI Card IPO.

    Discuss this question

  7. 7. How to apply for an IPO under shareholders quota through the Zerodha Console?

    Here are the steps to apply under shareholder category through Zerodha Console:

    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. Select the Investor Type as 'Share Holding Category'
    7. Put Bid and Price in the box
    8. Tick on the checkbox
    9. Click on Submit button

    Discuss this question

SBI Cards IPO FAQs

  1. 1. What is SBI Cards IPO?

    SBI Cards IPO is a main-board IPO of [.] equity shares of the face value of ₹10 aggregating up to ₹[.] Crores.

    The issue price of the IPO is [.] to [.] Per Equity Share. The minimum order quantity is per application and the offer type is Book Built Issue.

    The SBI Cards IPO open and close dates are not available as of now.

    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 dates are not announced. Please check back again after some time.

  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 [.], and the allotted shares will be credited to your demat account by [.]. Check the SBI Cards IPO allotment status.

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

    The SBI Cards IPO listing date is not yet announced. The tentative date of SBI Cards IPO listing is [.].
  6. 6. What is the lot size of SBI Cards IPO?

    SBI Cards IPO lot size and the minimum order quantity is not available at this time. Please check again later.

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SBI Cards IPO Review / Comments

SARIT
564. SARIT  Jan 29, 2020 21:01 I Like It. | I Don't Like It. | Report Abuse Reply
Dear Sir/Mam,
Please guide me.I want to apply IPO with UPI ID of my bank a/c while demat a/c is in my family's name. Will it be rejected?
manjitsingh
563. manjitsingh  Jan 29, 2020 15:16 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
Gmp 245-247.…..kosak 3300. ...
Eagleye
562. Eagleye  Jan 26, 2020 11:39 I Like It. 55 | I Don't Like It. 14 | Report Abuse Reply
IPO Guru IPO Guru (5000+ Posts, 16900+ Likes)
SBI Cards IPO - Schedule *(Tentative)* *(Revised)*

28th Feb - Announcement of Price Band (Target is to make formal announcement within February)
03rd Mar - Anchor Investors Allotment
04th Mar - Offer Opens
06th Mar - Offer Closes
12th Mar - Finalisation of Basis of Allotment
13th Mar - Unblocking of ASBA Accounts
16th Mar - Credit of Equity Shares to Depository Accounts
17th Mar - Commencement of Trading on NSE/BSE


SBI Cards IPO - Issue Information *(Tentative)*

Issue Opens on: 04 March 2020
Issue Closes on: 06 March 2020
Issue Type: Book Built Issue IPO
Issue Size: 13,76,69,655 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.690 - Rs.700 per Share *(Tentative)* *(Revised)*
Discount: Rs.10/- (for Employees)
Market Lot: 21 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 93,23,34,278 Shares
Employee Reservation of 18,64,669 Shares @690/- = Rs.128.66Crs (after discount of Rs.10/-)
SBI Shareholders Reservation of 1,30,52,680 Shares @700/- = Rs.913.69 Crs (Discount - NIL)
Net Offer for Sale of 11,56,09,449 @700/- = Rs.8,092.66Crs
Fresh Issue of 71,42,857 @700/- = Rs.500.00Crs
Equity Shares outstanding after the Issue = 93,94,77,135 Shares

Category-wise Break up:
Anchor - 3,68,25,692 Shares = 2,577.80Crs
QIB - 2,45,50,461 Shares = 1,718.53Crs
NII - 1,84,12,846 Shares = 1,288.90Crs
RII - 4,29,63,307 Shares = 3,007.43Crs (Lot size: 21 = 20,45,872 Forms)
SBI Shareholders - 1,30,52,680 Shares = 913.69Crs
Empl. Quota - 18,64,669 Shares = 128.66Crs (@690 per Share)
Total Issue - 13,76,69,655 Shares = 9,635.01Crs.

Subscription required for 1X
RII = 20,45,872 Forms
NII = 1,288.90Crs
SH = 913.69Crs


SBI Cards IPO - Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.4.75 (Page #93 of DRHP)
EPS for FY17-18 >>> Rs.7.40 (Page #93 of DRHP)
EPS for FY18-19 >>> Rs.9.43 (Page #93 of DRHP)
EPS for H119-20 >>> Rs.7.79 (Page #93 of DRHP)

RoNW for FY16-17 >>> 26.00% (Page #94 of DRHP)
RoNW for FY17-18 >>> 25.00% (Page #94 of DRHP)
RoNW for FY18-19 >>> 24.00% (Page #94 of DRHP)
RoNW for H119-20 >>> 17.00% (Page #94 of DRHP)

NAV as on September 30, 2019 was Rs.46.99 (Page #94 of DRHP)

Listed Industry Peer Group (Page #94 of DRHP): NONE


SBI Cards IPO - Issue Size / Price per Share

If, Issue Size = Rs.8,500 Crs ... Then, Share Price = Rs.618/-
If, Issue Size = Rs.9,000 Crs ... Then, Share Price = Rs.650/-
If, Issue Size = Rs.9,500 Crs ... Then, Share Price = Rs.685/-
If, Issue Size = Rs.10,000 Crs ... Then, Share Price = Rs.725/-
If, Issue Size = Rs.10,400 Crs ... Then, Share Price = Rs.750/-


SBI Cards IPO - *Market's Current Estimates of oversubscription*:

RII = 30.00L Forms = 1.47X Applic. wise (Avg allotment of ~14.32 shares per lot)
NII = 165K Crs. = ~128.02X
SH = 115K Crs. = ~125.86X

Interest cost *@14.00%p.a.* for 7days = 187.95paise for 1X

Thus, for NII the costing = 128.02 X 187.95paise = Rs.240.68 per share (= GMP)

And, for RII the costing = 14.32 X 240.60 = Rs. ~3446/- (= Kostak)

Thus, for SH the costing = 125.86 X 187.95paise = Rs.236.55per share (= GMP)

SBI Cards IPO - *GMP Estimated*
GMP 240 +/- 2
Kostak 3450/- +/- 50



SBI Cards IPO - *Breakeven / Justification of the current GMP*

Assuming:

1)      The issue size to be of *Rs.9,650 Crs*
And
2)      A stupendous demand for leverage, will allow the NBFCs to make hay while the sun shines, and giving them the opportunity to charge a higher rate of interest of *14%pa for 7 days*


In that case:

A)      The NII category size will be Rs.1,289Cr and the interest cost will be *Rs.240/-* ... only if NII category receives appllications worth approximately *Rs.1.65L Crs.*

Additionally,

B)      The SBI Shareholder category size will be Rs.914Cr. and the interest cost will be *Rs.240/-* ... only if SBI Shareholder category receives appllications worth approximately *Rs.1.15L Crs.*


To my mind these numbers look insane, and hence the current GMP of Rs.240/- beats all sense of logic from this point of view.

However, the collective wisdom of the market is supreme. Hence, shall be interesting to watch how the Grey Market Premium moves over the next 3-4 weeks


SBI Cards IPO - *Ultimate Beneficiaries of the IPO proceeds*


Fresh Issue is only of Rs.500Crs. (Money to be received by SBI Cards and Payment Services)

And the Offer for Sale is of 130,526,798 Equity Shares

Out of which:
A)      SBI is selling 37,293,371 Equity Shares (Money to be received by SBI Bank ~Rs.2,611Crs)
B)      CA Rover Holdings is selling 93,233,427 Equity Shares (Money to be received by an entity ultimately controlled by the *Carlyle Group* ~Rs.6,526Crs)

So it is definitely not an IPO by the Government of India. However, please note the *largest beneficiary of the proceeds of this IPO will be an American Private Equity Fund*.

Now give a moment to introspect, would a capitalist fund manager leave an *unreasonable* amount on the table for the IPO investors?

ipoking india
562.6. ipoking india  Jan 28, 2020 16:12 I Like It. | I Don't Like It. | Report Abuse
@Eagleye
can you please calrify or ractify the calculation of the Offer for Sale
Do jagah alag alag price ho so confusion he isme
AnkurGoel
562.7. AnkurGoel  Jan 29, 2020 10:43 I Like It. 1 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Since RHP is missing till date, 04th March looks unreasonable. Issue may open in 3rd week of Feb.
Eagleye
561. Eagleye  Jan 29, 2020 10:24 I Like It. 3 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (5000+ Posts, 16900+ Likes)
THE MOST RELIABLE
List of Mainboard IPOs IN THE PIPELINE
(Status as on 29th January 2020)

A) DRHP Filed - SEBI Approval *Awaited*:

1) Indian Railway Finance Corporation >>> DRHP date 17-Jan-20
2) Likhitha Infrastructure >>> DRHP date 13-Jan-20
3) Computer Age Management Services >>> DRHP date 09-Jan-20
4) Esaf Small Finance Bank >>> DRHP date 06-Jan-20
5) Apeejay Surrendra Park Hotels >>> DRHP date 31-Dec-19
6) UTI Asset Management Company >>> DRHP date 18-Dec-19
7) Rossari Biotech >>> DRHP date 18-Dec-19
8) Equitas Small Finance Bank >>> DRHP date 16-Dec-19
9) Easy Trip Planners >>> DRHP date 12-Dec-19
10) Home First Finance Company India >>> DRHP date 29-Nov-19
11) SBI Cards and Payment Services >>> DRHP date 26-Nov-19
12) Puranik Builders >>> DRHP date 20-Nov-19
13) Mukesh Trends Lifestyle >>> DRHP date 30-Sep-19
14) Montecarlo >>> DRHP date 27-Sep-19
15) Chemcon Speciality Chemicals >>> DRHP date 08-Aug-19

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

1) Burger King India >>> SEBI Approval 24-Jan-20
2) Shri Bajrang Power and Ispat >>> SEBI Approval 17-Jan-20
3) Route Mobile >>> SEBI Approval 24-Dec-19
4) Mazagaon Dock Shipbuilders >>> SEBI Approval 13-Dec-19
5) Samhi Hotels >>> SEBI Approval 29-Nov-19
6) Indian Renewable Energy Development Agency >>> SEBI Approval 27-Sep-19
7) Shyam Steel Industries >>> SEBI Approval 20-Sep-19

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

8) Bajaj Energy >>> SEBI Approval 30-Aug-19
9) Angel Broking >>> SEBI Approval 26-July-19
10) Annai Infra Developers >>> SEBI Approval 12-July-19
11) Satyasai Pressure Vessels >>> SEBI Approval 21-June-19
12) Powerica >>> SEBI Approval 07-June-19

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

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

E) SEBI Approval *Received* *(>11 months ago)*:

20) Heranba Industries >>> SEBI Approval 22-Feb-19
21) Uniparts India >>> SEBI Approval 01-Feb-19
22) Stove Kraft >>> SEBI Approval 23-Jan-19
23) Chartered Speed >>> SEBI Approval 11-Jan-19
GOOD LUCK
560. GOOD LUCK  Jan 27, 2020 19:20 I Like It. 10 | I Don't Like It. 1 | Report Abuse Reply
*Burger King India Limited IPO cleared by SEBI*
Samuel
560.1. Samuel  Jan 28, 2020 11:13 I Like It. | I Don't Like It. 2 | Report Abuse
Correct. Checked the status of 24th Jan SEBI update. Also for SBI clarification that was pending last week has been received. I think we will get both by next month or Early March.
AnkurGoel
560.2. AnkurGoel  Jan 28, 2020 18:34 I Like It. 2 | I Don't Like It. 1 | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 1000+ Likes)
Price band might be around 500-550. Let us see when it will land to capital market.
NSN AT IPO
559. NSN AT IPO  Jan 28, 2020 14:32 I Like It. | I Don't Like It. | Report Abuse Reply
Government to come with big POSITIVE for RAILWAYS and COAL India
manjitsingh
558. manjitsingh  Jan 28, 2020 13:31 I Like It. 1 | I Don't Like It. | Report Abuse Reply
IPO Mentor IPO Mentor (600+ Posts, 600+ Likes)
Hello to everyone
KING VINOD
557. KING VINOD  Jan 28, 2020 10:11 I Like It. 3 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1200+ Posts, 2400+ Likes)
SBI Cards IPO
GMP 247 - 250 as on 28 Jan @ 10:00AM
sonal patel
556. sonal patel  Jan 27, 2020 19:29 I Like It. 6 | I Don't Like It. 1 | Report Abuse Reply
IPO Mentor IPO Mentor (500+ Posts, 2400+ Likes)
3 % discount for retailers...in cpse etf
PSR
556.1. PSR  Jan 28, 2020 09:13 I Like It. | I Don't Like It. | Report Abuse
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Can you clarify whether Discount is only for retailers or for all applicants.
Namanshah
555. Namanshah  Jan 27, 2020 17:42 I Like It. | I Don't Like It. | Report Abuse Reply
Hello ,
Anyone know how to apply ipo in minor a/c in ICICI A/C ?
Because they are denying to accept physical form nd minor is not authorized to apply online.
Please help.
Ankush Dhengale
555.1. Ankush Dhengale  Jan 27, 2020 18:04 I Like It. | I Don't Like It. | Report Abuse
you are apply to your bank account to minor demat account
AV Rajkot
554. AV Rajkot  Jan 27, 2020 17:23 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Today SEBI updated issue process information in websight. SBI is still Under process (the date of receipt of satisfactory reply from the lead merchant bankers, where
the Board has sought any clarification or additional information from them)

So its a long wait for us now.
Mill Tech
553. Mill Tech  Jan 27, 2020 12:14 I Like It. | I Don't Like It. 1 | Report Abuse Reply
where I CAN buy reliance retail shares ?
Tejwant Bansal
552. Tejwant Bansal  Jan 17, 2020 13:14 I Like It. 5 | I Don't Like It. 1 | Report Abuse Reply
@aniketiaf ji
Please guide me i have huge quantity of hdfc life shares and is tracking for nearly 3 days and i doing something fishy. Very large difference between buyers and sellers and price is going down. Please get me out of there
Tejwant Bansal
552.4. Tejwant Bansal  Jan 19, 2020 09:18 I Like It. 2 | I Don't Like It. | Report Abuse
Very thankful to all concerned experts for getting me into path
Aniketiaf
552.5. Aniketiaf  Jan 27, 2020 09:59 I Like It. 4 | I Don't Like It. | Report Abuse
IPO Guru IPO Guru (1000+ Posts, 5900+ Likes)
Finally, ICICI PRUDENTIAL LIFE has given 10% return with in 7 trading session.
Vinav Patel
551. Vinav Patel  Jan 27, 2020 09:08 I Like It. 1 | I Don't Like It. 1 | Report Abuse Reply
If I buy SBI Bank Share today i.e. 27th January, Will I eligible to apply SBI Card IPO for both retail and stockholders catagory?
Aniketiaf
550. Aniketiaf  Jan 26, 2020 09:46 I Like It. 15 | I Don't Like It. 1 | Report Abuse Reply
IPO Guru IPO Guru (1000+ Posts, 5900+ Likes)
बचपन का वो भी एक दौर था
गणतंत्र में भी ख़ुशी का शौर था
ना जाने क्यूँ मैं इतना बड़ा हो गया
इंसानियत में मज़हबी बैर हो गया l

Wishing A Happy 71th Republic Day to all group members.
techuser
549. techuser  Jan 24, 2020 10:57 I Like It. 4 | I Don't Like It. 1 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
@Experts.

Why the price of UjjSmallFinance is still hovering around 52-54, even though so many positives, good results etc. Is it the game of operators/promoters? The issue was subscribed heavily, and still no one is interested in this??? Don't you think so considering the demand, it should already be at least around 60-65 levels, and it's even struggling to reach at IPO price, just wondering.

On the other hand, you look at AUM Small, it's flying like rocket after results.

Please have your valuable comments.
Adityasingh
549.1. Adityasingh  Jan 25, 2020 15:54 I Like It. | I Don't Like It. | Report Abuse
Yes even I want to know as I invested heavily on this post IPO
papon
549.2. papon  Jan 25, 2020 19:23 I Like It. 1 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
It will take 1 to 2 more quarters for au finance type movement. Market is just in watch mode for its future qtr performance. Right now accumulation is on and is trying to form long term base between 48 to 55 to take off which is good. Have patience is bought for long term. Au finance consolidated for so long even after bumper listing , you can see the chart. Hap Investing
KING VINOD
548. KING VINOD  Jan 25, 2020 14:38 I Like It. 4 | I Don't Like It. | Report Abuse Reply
IPO Guru IPO Guru (1200+ Posts, 2400+ Likes)
SBI Cards IPO
GMP 252 - 255 as on 25 Jan @ 02:30pm
SOG
547. SOG  Jan 23, 2020 17:01 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Resp. Experts,
One of my friend's dmat account became operative from today and he purchased SBI shares today. Will he be eligible for shareholders quota in upcoming SBI Card IPO ?

Thanks
Pandit Ji
547.6. Pandit Ji  Jan 24, 2020 17:43 I Like It. 4 | I Don't Like It. 1 | Report Abuse
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Arey Junglee Bhai, tum toh koi bhi angle se Junglee Nahi lag rahe, sophisticated polite baatein kaise Kar lete ho LoL

Junglee
547.7. Junglee  Jan 24, 2020 17:48 I Like It. 8 | I Don't Like It. 1 | Report Abuse
New Member New Member
Hahaha

Pyar mohabbat se zindagi guzar jaye, is se acha kya hai panditji
AhireR
546. AhireR  Jan 24, 2020 11:42 I Like It. 3 | I Don't Like It. | Report Abuse Reply
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
*IPO price was 37 rs. It is still trading at 46% premium to issue price.
*Regarding comparison to AU bank..Stock moves on two parameters..Fundamentals as well as technicals. If u see stock price movement of AU bank it hovered around 550-700 for long time..It frequently came near the high it made during listing days and corrected after that. Once it gave breakout above 750 the stock moved like rocket. Plus good results fueled the rally.
*Regarding USFB I have mentioned in earlier post that operators are still active in this counter and may try to drag the share price down.
*If we compare to its peer AU bank which is trading at 50+ PE USFB is trading at a lower PE of about 30(considering the earnings per share of almost 2 rs from last 1 yr performance)
*Once it starts upmove it will first have to clean breakout above 65. Then we can say the stock will start heading to 3 digit number..
AhireR
546.1. AhireR  Jan 24, 2020 11:44 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
@techuser
The post was actually a reply to ur post.
I don't know how it appeared as independent post.
techuser
546.2. techuser  Jan 24, 2020 11:52 I Like It. 1 | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Thanks @AhireR ji for your reply, that gives good insight into what's going on.
Hemant K
545. Hemant K  Jan 23, 2020 16:54 I Like It. 1 | I Don't Like It. | Report Abuse Reply
At what price UTI AMC IPO will come??? any idea. I have purchased UTI AMC shares @ 930/- pre-ipo price
VIVEK GOYAL
545.4. VIVEK GOYAL  Jan 24, 2020 01:28 I Like It. | I Don't Like It. | Report Abuse
Locking period only if u buy shares after ipo date announce. If u buy before announcement you can sell.my broker told me
Mega
545.5. Mega  Jan 24, 2020 06:39 I Like It. | I Don't Like It. | Report Abuse
New Member New Member
Hi, Where you Bought? I wish to Buy can you give me the Seller Details.



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