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| 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 |
The SBI Cards IPO opens on Mar 2, 2020 and closes on Mar 5, 2020.
The SBI Cards IPO starts on Mar 2, 2020. The issue ends on Mar 5, 2020.
The SBI Cards IPO size is 137193464 Equity Shares of ₹10 aggregating up to ₹10,354.77 Cr.
SBI Cards and Payment Services Ltd is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for SBI Cards IPO shares through the banks (using ASBA) or through the broker (using UPI).
| Qualified Institutional Buyers (QIB) | 24,224,003 Shares |
| Non-Institutional Investors (NII) | 18,341,418 Shares |
| Retail Individual Investor (RII) | 42,796,641 Shares |
| Employee Reservations | 1,864,669 Shares |
| Other Reservations | 13,052,680 Shares |
| Total Issue Size | 100,279,411 Shares |
| Qualified Institutional Buyers (QIB) | 57.18 times times |
| Non-Institutional Investors (NII) | 45.23 times times |
| Retail Individual Investor (RII) | 2.50 times times |
| Employee Reservations | 4.74 times times |
| Other Reservations | times |
| Total Issue Size | 26.54 times times |
Click here to check the SBI Cards IPO live subscription status.
SBI Card IPO shares are expected to list Mar 16, 2020, as per the RHP document. The SBI Card IPO shares will be listed at BSE and NSE.
The investment in SBI Card IPO is a high-risk investment if you are planning to do it for short team listing gain. The listing gain depends on many factors including IPO prices, the market situation on listing day and demand of the shares.
The demand for SBI Card IPO share is high at this time (as of Feb 24, 2020). It is expected to provide listing gains between 20 to 30%. But the allotment will be tight as over 35 lakh IPO applications are expected.
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