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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 Date & Price

  • 1. When is SBI Cards IPO coming?

    The SBI Cards IPO opens on Mar 2, 2020 and closes on Mar 5, 2020.
  • 2. What is SBI Cards IPO schedule?

    SBI Cards IPO timetable / schedule is as below:
    • 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
  • 4. What is SBI Cards IPO price? Tell me the pricing of SBI Cards IPO shares?

    SBI Cards IPO price is set at ₹755 per equity share.
  • 5. What is SBI Cards IPO closing time?

    SBI Cards IPO will close for subscription at 5 PM on Mar 5, 2020. But most brokers stop accepting application between 1 PM to 3 PM.
  • 6. When SBI Cards IPO start?

    The SBI Cards IPO starts on Mar 2, 2020. The issue ends on Mar 5, 2020.

SBI Cards IPO Issue Size and Subscription Status

  • 7. What is SBI Cards IPO size?

    The SBI Cards IPO size is 137193464 Equity Shares of ₹10 aggregating up to ₹10,354.77 Cr.
  • 8. How to buy SBI Cards IPO?

    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).
  • 9. How many SBI Cards IPO shares offered to retail investors?

    SBI Cards IPO Offer Size

    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 Reservations1,864,669 Shares
    Other Reservations13,052,680 Shares
    Total Issue Size100,279,411 Shares
  • 10. How much SBI Cards IPO subscribe?

    SBI Cards IPO IPO Subscription Status

    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 Reservations4.74 times times
    Other Reservations times
    Total Issue Size26.54 times times

    Click here to check the SBI Cards IPO live subscription status.

  • 11. SBI Cards IPO how to subscribe?

    If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in SBI Cards IPO.
  • 12. How do I apply SBI Cards IPO with Zerodha?

    Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo
  • 13. What is SBI Cards IPO Gray Market Premium (GMP)?

    You could check SBI Cards IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

SBI Cards IPO Allotment and Listing

  • 14. When will SBI Cards IPO allot?

    The SBI Cards IPO allot status will be available online on Mar 11, 2020. Check the SBI Cards IPO Allotment Status here.
  • 15. Where do I check SBI Cards IPO allotment status?

    Click here to check SBI Cards IPO Allotment Status.
  • 16. When is SBI Cards IPO getting listed? What is SBI Cards IPO trading date?

    SBI Cards IPO listing Date is Mar 16, 2020. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The SBI Cards IPO listing date and time is published by the exchange in a circular.
  • 17. What is SBI Cards IPO basis of allotment?

    Click here to view the SBI Cards IPO Basis of Allotment.
  • 18. What is SBI Cards IPO expected listing price?

    It is hard to say at what price SBI Cards IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.
  • 19. When is SBI Cards IPO listing?

    The SBI Cards IPO shares will list on Mar 16, 2020 at BSE, NSE.

SBI Cards IPO - Should I apply?

  • 20. What are SBI Cards IPO expert advice/expert views/analyst views?

    Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.
  • 21. SBI Cards IPO good or bad? Should you invest in SBI Cards IPO subscribe or not?

    Sorry, we do not provide IPO recommendations. But we share a lot of information about SBI Cards IPO which could help you with questions like SBI Cards IPO buy or not? You should also read SBI Cards IPO Analysis from experts and check the daily subscription status.
  • 22. SBI Cards IPO should you apply? SBI Cards IPO worth investing?

    It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.
  • 23. How much profit can I make in SBI Cards IPO retail?

    SBI Cards IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.
  • 24. How do I check SBI Cards IPO performance?

    Visit our IPO Performance Tracker to check the SBI Cards IPO performance. The performance reports are available 1 day after listing.

SBI Cards IPO Questions

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

    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.

    Discuss this question

  2. 2. Is it safe to invest in an SBI Card IPO?

    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.

    Discuss this question


2 Comments

Jpmittal
2. Jpmittal  Mar 5, 2020 16:39 I Like It. | I Don't Like It. | Report Abuse Reply
Dear Admin, request your good offices to share possibilities of allotment in various categories since issue has closed now with not a big number in retail category. Thanks
Jpmittal
1. Jpmittal  Mar 4, 2020 17:24 I Like It. | I Don't Like It. | Report Abuse Reply
Sir, I am shareholder of SBI. Can I apply 6 Lots = Rs. 88350/- in SH quota and 30 Lots = Rs. 441750/- in NII quota ? OR NII application should not exceed Rs. 2 Lakhs if I am applying in SH quota ?
Also I read that ""Non-Institutional Investors and QIBs are not allowed to Bid at 'Cut-off Price"" So should I choose the price Rs. 755/- instead of ticking "Cut-off"
Thanks in advance.







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