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SBI Cards IPO Details

Issue Open Mar 2, 2020
Issue Close Mar 5, 2020
IPO Price ₹755
Face Value ₹10
IPO Size ₹10,354.77 Cr
Listing At BSE, NSE
IPO Lot Size 19

SBI Cards IPO Schedule

  • Bid/Offer Opens On: Mar 2, 2020
  • Bid/Offer Closes On: Mar 5, 2020
  • Finalization of Basis of Allotment: Mar 11, 2020
  • Initiation of refunds: Mar 12, 2020
  • Credit of Equity Shares: Mar 13, 2020
  • Listing Date: Mar 16, 2020

Check SBI Cards IPO allotment status online by clicking the button below. If you have difficulties finding the SBI Cards and Payment Services Ltd IPO allotment status, please visit the website of the IPO registrar.

Note: Registrar of the SBI Cards IPO is responsible for IPO allotment. Please contact the registrar with any quires related to stock allocation or refund related problems. To understand the allocation of shares for SBI Cards and Payment Services Ltd IPO, check the 'basis of allotment' document.

SBI Cards IPO Questions

  1. 1. What is the allotment date of the SBI Cards IPO?

    SBI Card IPO allotment is expected on Mar 11, 2020, as per the plan mentioned in the RHP document. The SBI Cards IPO shares are planned to list on Mar 16, 2020.

    Discuss this question

  2. 2. What would be the price of SBI Cards after listing?

    SBI Card is expected to list at around ₹1000 against its issue price of ₹755. As of Feb 26, 2020, the SBI Card IPO grey market premium stands around ₹300.

    The price of an IPO share on the listing is very difficult to predict as it can go in any direction. The demand and supply of SBI Card IPO shares, the market situation on listing day, allotment ratio and many other factors contribute to the listing price.

    Note that investment in the share market including IPO is among high-risk investments.

    Discuss this question

SBI Cards IPO Allotment FAQs

  1. 1. When is SBI Cards IPO allotment expected?

    The SBI Cards IPO allotment status will be available on Mar 11, 2020, as per the timeline provided in the red-herring prospectus.

  2. 2. How to check SBI Cards IPO Allotment Status?

    Below are the steps to check SBI Cards IPO allotment status online:

    • Visit the SBI Cards IPO allotment status page.
    • Click on the green SBI Cards IPO Allotment Status.
    • Enter either PAN number, Application Number or DP Client ID of the demat account to check the SBI Cards IPO allotment status.
    • Click Search.

    Note: The disabled button shows that the allotment is not yet available online.

    The allotment result looks like as below:

    • PAN No.: AHMLK1898J
    • Application No.: RL041213805307
    • Name: Mr. Rajveer Singh
    • Shares Applied: 40
    • Shares Allotted: 40
  3. 3. What is the expected listing price of the SBI Cards IPO?

    The expected listing price of SBI Cards IPO depends on many factors including demand, nature of the business, market environment and state of the economy. The SBI Cards IPO grey market premium gives some hint but the actual listing price is difficult to guess.

  4. 4. Where to check SBI Cards IPO allotment status?

    SBI Cards IPO allotment status is expected on Mar 11, 2020. Click the green button SBI Cards IPO Allotment Status above to check the allotment. Note the button remains to disable until the allotment is available online.

  5. 5. On what basis SBI Cards IPO shares are allotted to retail investors?

    If SBI Cards IPO oversubscribed in the retail category, the SBI Cards IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.

  6. 6. When will SBI Cards IPO get listed?

    The SBI Cards IPO shares will get listed on Monday, March 16, 2020. The equity share of SBI Cards and Payment Services Ltd will list on BSE, NSE.
  7. 7. Why I didn't get allotment in SBI Cards IPO?

    The reason you didn't get the SBI Cards IPO could be:

    • IPO become oversubscribed and allotment process is completed through a lottery
    • The IPO application got rejected due to mismatch/incomplete information
    • The issue price is higher than the bid price. (Always apply on cut-off price).
  8. 8. When SBI Cards IPO is coming?

    The SBI Cards IPO will open for bidding on Mar 2, 2020. The IPO application closes on Mar 5, 2020.


20 Comments

Krishnamurthy M
20. Krishnamurthy M  Mar 12, 2020 21:02 I Like It. | I Don't Like It. | Report Abuse Reply
I have applied for 3 lots and 2 lots each under Retail Investor and Shareholder category but allotted one each under both category. Excited on getting allotment.
Muni Raj Sharma
19. Muni Raj Sharma  Mar 12, 2020 18:37 I Like It. | I Don't Like It. | Report Abuse Reply
Anyone can tell about listing day...
Muni Raj Sharma
18. Muni Raj Sharma  Mar 12, 2020 18:36 I Like It. | I Don't Like It. | Report Abuse Reply
I applied for 4 lots and got all accounts debited.
Gunjan Thaker
17. Gunjan Thaker  Mar 12, 2020 16:27 I Like It. | I Don't Like It. | Report Abuse Reply
I have applied for 7 lot (133 Shares) but not a single lot allocated; what is basis of allotment
purushottam lalria
16. purushottam lalria  Mar 12, 2020 14:16 I Like It. | I Don't Like It. | Report Abuse Reply
Retail Category 00 out of 1 lot
SH Category 01 out 13 lot
please advise what to do?
AayushArora
16.1. AayushArora  Mar 12, 2020 16:18 I Like It. | I Don't Like It. | Report Abuse
Nothing. You should be thankful to God ;) And hope for the best for Listing day!
Antrax
15. Antrax  Mar 12, 2020 15:16 I Like It. | I Don't Like It. | Report Abuse Reply
Observation from Allotment Allocation :

5 Different accounts were used by me to subscribe to the IPO. However only 1 account got allocation which I had subscribed at 5am in the morning on the opening day of IPO. This might be just a very small coincidence or subset to arrive at an inference though we can definitely arrive at first come first serve basis allocation limited to 1 lot per account first & then if still not fully subscribed then 2nd lot basis on FCFS again. #JustAThought
AjayKMali
15.1. AjayKMali  Mar 12, 2020 15:27 I Like It. | I Don't Like It. | Report Abuse
No it us not like that. I applied 3 lots, 1 each through 3 accounts at almost closing time. When I applied ASBA was closed at 3. Have to apply through UPi for 2 applications. But got a2/3 allotment. so no FCFS. basis.
AayushArora
15.2. AayushArora  Mar 12, 2020 16:15 I Like It. | I Don't Like It. | Report Abuse
Not at all. I applied only One lot through Retail category and that too 10mins before the 2PM on last day. And same has been allotted to me. 😑
SOURAV JANA
14. SOURAV JANA  Mar 12, 2020 15:49 I Like It. | I Don't Like It. | Report Abuse Reply
I have allotted 1 lot but do not know what would be listing price?
AjayKMali
13. AjayKMali  Mar 12, 2020 15:24 I Like It. | I Don't Like It. | Report Abuse Reply
Why this happens. Got 2 / 3 allotment through 3 diff. applications. One lot each in retail. Aaj tak mushkil se 1 ya 0 milta tha Kabhi kabhi.

42000 to 32000. Percentage ke hisab se 25 % approx. Still not bad in percentage terms when market failed from 10000 to 7000 (30% fall).

Either there would be black Monday on this Monday or we will see some recovery back.
not sure, nobody knows. IPo of 10000+ crore subscribed handsomely. But market conditions not in favor.
Antrax
12. Antrax  Mar 12, 2020 15:11 I Like It. | I Don't Like It. | Report Abuse Reply
So out of 5 different accounts & 15 lots applied I could get only 1 lot in 1 account.. Though the fun of the IPO lies in super premium listing which in SBI Cards case doesnt seem much am still confident that in a longer duration for 6 -12 months the prospects are equally good for an outstanding premium & as it is its just 1 lot so am sure many of us can keep it for a longer tenure.
korat hardik
11. korat hardik  Mar 12, 2020 15:05 I Like It. | I Don't Like It. | Report Abuse Reply
3 baj gaye abhi bhi nahi khul raha link intime
stargazerck
10. stargazerck  Mar 12, 2020 14:58 I Like It. | I Don't Like It. | Report Abuse Reply
This is my first message on the forum, despite being a passive visitor for past 2 years. I agree that its a blessing not to be alloted shares to SBI Card. Unfortunately, I have been alloted 1 lot in Retail category. Grey market premium and liquidity issues suggests a complete rout on listing day. I have been investing in stock markets for past 15 years. I see at least a 10% downgrade on listing given the high PE ascribed to SBI Cards. Lets see how it pans out on Monday. One can only pray and hope that God or Nature (Summer temperatures) can abate the virus and trade returns to normal.
HarshJS
9. HarshJS  Mar 12, 2020 13:55 I Like It. | I Don't Like It. | Report Abuse Reply
Today I would like to thank my God of gods....of the 13 lots applied only 1 lot allotted. Thank you god. Now I will quietly go home and sleep :):)
Suyash Bansal
8. Suyash Bansal  Mar 12, 2020 12:14 I Like It. | I Don't Like It. 1 | Report Abuse Reply
I just checked on the LinkIntime website and it seems I've also got 1 lot (19 shares) only. I checked with my dad and sister and they also got only 1 lot each. We all applied for shares worth more than 1 lakh.
Suyash Bansal
8.2. Suyash Bansal  Mar 12, 2020 12:22 I Like It. | I Don't Like It. | Report Abuse
I guess bs chance ki baat thi. Mera status to dikh gya us site pe but mere ICICI k account se paise kate nhi hain.. Axis bank se ek kiya tha uske to kat gye..
korat hardik
8.3. korat hardik  Mar 12, 2020 12:24 I Like It. | I Don't Like It. | Report Abuse
ok
haresh vyas
7. haresh vyas  Mar 12, 2020 12:06 I Like It. | I Don't Like It. | Report Abuse Reply
Amount Debited from Axix Bank...just now received the messege..
Antrax
6. Antrax  Mar 12, 2020 12:02 I Like It. | I Don't Like It. | Report Abuse Reply
I received confirmation from bank that my funds got released and now they arent on hold so not received allottment in one account. Awaiting info for other 4 accounts. Link Intime is still not working & as mentioned 3pm then we ll have to wait at least till evening to get a clear picture out of the mess.
Vikas Kumawat
5. Vikas Kumawat  Mar 12, 2020 11:56 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Hi all, for your kind info i spoke with Link In TIme Executive they said we are uploading the data by 3.00 P.M you will get to know about the allotment status, so don't worry.
DeN
4. DeN  Mar 11, 2020 16:35 I Like It. | I Don't Like It. | Report Abuse Reply
Allotment ?
korat hardik
3. korat hardik  Mar 12, 2020 11:44 I Like It. | I Don't Like It. | Report Abuse Reply
ab to gali nikal rahi hai link intime walo p
Vikas Kumawat
3.1. Vikas Kumawat  Mar 12, 2020 11:52 I Like It. | I Don't Like It. | Report Abuse
Hey bro calm down! i spoke with Link In TIme Executive they said we are uploading data by 3.00 P.M you will get to know about the allotment status, so don't worry.
korat hardik
3.2. korat hardik  Mar 12, 2020 11:53 I Like It. | I Don't Like It. | Report Abuse
ok vikas
ksp
2. ksp  Mar 12, 2020 11:25 I Like It. | I Don't Like It. | Report Abuse Reply
I received one lot 19 shares (Axis Bank has debited 14,345)
SaurabhBhola
1. SaurabhBhola  Mar 11, 2020 21:42 I Like It. | I Don't Like It. | Report Abuse Reply
How to check SBI Cards IPO Allotment Status?
Below are the steps to check SBI Cards IPO allotment status online:

Visit the SBI Cards IPO allotment status page.
Click on the green SBI Cards IPO Allotment Status.
Enter either PAN number, Application Number or DP Client ID of the demat account to check the SBI Cards IPO allotment status.
Click Search.
Note: The disabled button shows that the allotment is not yet available online.

The allotment result looks like as below:

PAN No.: AHMLK1898J
Application No.: RL041213805307
Name: Mr. Rajveer Singh
Shares Applied: 40
Shares Allotted: 40
Ajay Kapoor
21.1. Ajay Kapoor  Mar 12, 2020 10:24 I Like It. | I Don't Like It. | Report Abuse
Did we have allotment it still shows disabled? Can someone confirm please
SaurabhBhola
21.2. SaurabhBhola  Mar 12, 2020 10:51 I Like It. | I Don't Like It. | Report Abuse
Wait till evening







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