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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
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SBI Cards IPO Date & Price

The SBI Cards IPO opens on Mar 2, 2020 and closes on Mar 5, 2020.

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

SBI Cards IPO price is set at ₹755 per equity share.

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.

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

SBI Cards IPO Issue Size and Subscription Status

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).

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

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.

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.

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

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

The SBI Cards IPO allot status will be available online on Mar 11, 2020. Check the SBI Cards IPO Allotment Status here.

Click here to check SBI Cards IPO Allotment Status.

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.

Click here to view the SBI Cards IPO Basis of Allotment.

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.

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

SBI Cards IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

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.

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.

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.

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.

     

  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.

     


2 Comments

2. Jpmittal  Mar 5, 2020 5:39:53 PM
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
1. Jpmittal  Mar 4, 2020 6:24:36 PM
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.