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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
  1. SBI Cards weak listing to hit IPO market sentiment, BSE IPO index falters

    Mon, 16 Mar 2020 18:23:00 GMT

    Investors had high hopes from the SBI Cards IPO when the offer was closing with grey market premiums seen as high as ₹300. But even as the loss for SBI Card’s IPO investors is not significant, ...

  2. SBI Cards shares list at loss, no listing gains for IPO allottees; stock opens 13% down from issue price

    Wed, 25 Mar 2020 01:35:00 GMT

    Down by Rs 97 and Rs 94 from the issue price of Rs 755 on BSE and NSE respectively. SBI Cards share was expected to open with a bumper listing with brokerages going all-out recommending to subscribe ...

  3. India’s First Credit Card IPO Slips in Debut as Markets Tumble

    Mon, 16 Mar 2020 05:09:43 GMT

    SBI Cards & Payment Services Ltd. declined in its stock market debut as investor uncertainty stemming from the coronavirus pandemic cast a shadow over the listing of India’s first pure-play credit ...

  4. SBI Cards shares have a weak listing, end at 10% discount to issue price

    Mon, 16 Mar 2020 17:10:00 GMT

    Many brokerages had given a subscribe recommendation to the SBI Cards IPO, justifying its pricey valuation by saying that the segment has the potential to grow in the next few years given that ...

  5. SBI Cards slides on debut, closes below issue price

    Tue, 17 Mar 2020 01:42:00 GMT

    The much-awaited initial public offering (IPO) of SBI Cards & Payment Services received a lukewarm response on Monday, as markets continued to see heavy selling by foreign portfolio investors. Shares ...

  6. SBI Cards listing: SBI Cards share opens at 13% discount to IPO price

    Sun, 15 Mar 2020 22:27:00 GMT

    SBI Cards share opened at Rs 658 per share on BSE against the issue price of Rs 755 per share. SBI Cards IPO, which was held from March 2 to March 5, was subscribed 26.54 times on its last day despite ...

  7. SBI Cards’ muted listing points to a rocky road for other IPOs

    Mon, 16 Mar 2020 17:58:00 GMT

    Hiccups in the primary market have the potential to disrupt the Centre’s budget calculations too, which have relied heavily on initial offers of public sector behemoths meet ambitious disinvestment ...

  8. All eyes on SBI Card IPO debut; will weak sentiment hit the listing?

    Mon, 16 Mar 2020 05:08:00 GMT

    With equities falling for three-weeks on the trot, market participants do not see a blockbuster listing on March 16 The listing of SBI Cards and Payment Services, a subsidiary of country's largest ...

  9. SBI Cards IPO disappoints on listing but bounces back smartly

    Mon, 16 Mar 2020 01:33:00 GMT

    The SBI Card IPO had a listing scheduled on, perhaps, the wrong day. The listing happened just a day after the US Federal Reserve cut rates down to zero levels. This was interpreted by most analysts ...

  10. SBI Cards share rises over 6%, yet to touch IPO issue price in two sessions

    Mon, 16 Mar 2020 23:58:00 GMT

    The stock listed at a discount of 13% to the issue price. It opened at Rs 658 per share on BSE. It ended lower at discount of 10% at Rs 683.20 on Monday. SBI Cards IPO, which was held from March 2 to ...

  11. SBI Cards lists on the worst possible day and its stock slips 13% on debut

    Mon, 16 Mar 2020 11:50:00 GMT

    But it was not to be, as the BSE Sensex opened 2,000 points down and kept falling. Analysts expected at least 4-6% listing gains The SBI Cards IPO was issued at ₹755, but it listed at ₹661. However, ...

  12. SBI Cards make weak debut at bourses; plunge nearly 12 per cent

    Mon, 16 Mar 2020 15:43:00 GMT

    SBI Cards & Payments Services Ltd (SBI Cards) saw a weak opening on Monday, getting listed at ₹658 per share against the initial public offer (IPO) price band of of ₹750-755, amid falling market. The ...

SBI Cards IPO Alerts

1. SBI Cards IPO Listing Date & Info  Friday, March 13, 2020 5:45:53 AM

The IPO Shares of SBI Cards and Payment Services Ltd IPO are proposed to list on Monday, March 16, 2020 at BSE, NSE. The public issue of SBI Cards IPO was opened on Mar 2, 2020 and closed for subscription on Mar 5, 2020. SBI Cards IPO Listing Date and Information:

SBI Cards and Payment Services Ltd Listing Date

Listing DateMonday, March 16, 2020
BSE Script Code543066
NSE SymbolSBICARD
Listing In
ISININE018E01016
Issue Price[.]
Face Value₹10 Per Equity Share

2. SBI Cards IPO Allotment Status  Thursday, March 12, 2020 1:39:04 AM

The allotment status of SBI Cards and Payment Services Ltd IPO is now available online. The public issue of SBI Cards IPO was open on Mar 2, 2020 and closed for subscription on Mar 5, 2020. The equity shares of the company to be list at BSE, NSE.

3. SBI Cards IPO Opens on Mar 2, 2020  Thursday, February 20, 2020 1:16:34 AM

SBI Cards and Payment Services Ltd is entering in the capital market with an IPO of [.] Equity Shares of Rs 10 aggregating up to Rs [.] Crore. The price for the issue has been set at Rs - Rs Per Equity Share.

Incorporated in 1998, SBI Cards and Payment Services Limited is a subsidiary of SBI, India's largest commercial bank in terms of deposits, advances and the number of branches. SBI currently holds (along with its nominees) 689,927,363 Equity Shares, constituting to 74.00 % of the pre-Offer issued, subscribed and paid-up Equity Share capital of the Company.

The issue opens on Mar 2, 2020 and closes for subscription on Mar 5, 2020. The equity shares of the company to be list at BSE, NSE.

4. SBI Cards IPO Closes on Mar 5, 2020  Thursday, February 20, 2020 1:16:34 AM

The issue of SBI Cards and Payment Services Ltd opens on Mar 2, 2020 and closes for subscription on Mar 5, 2020. The equity shares of the company to be list at BSE, NSE. The price for the issue has been set at Rs - Rs Per Equity Share.

SBI Cards IPO News & Events FAQs

  1. 1. When SBI Cards IPO expected date?

    The SBI Cards IPO is proposed to open on Mar 2, 2020. The IPO application ends on Mar 5, 2020.

  2. 2. How to purchase SBI Cards IPO?

    Retail investors can apply in the retail or non-institutional investor category from Mar 2, 2020 to Mar 5, 2020. The SBI Cards IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).

  3. 3. When SBI Cards IPO will come?

    The SBI Cards IPO will open for subscription on Mar 2, 2020. The public issue will close on Mar 5, 2020.


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