• IPO Dashboard

SBI Cards IPO Details

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

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.