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SBI Cards IPO Details

SBI Cards IPO Subscription Status Live

SBI Cards IPO subscribed 26.54 times. The public issue subscribed 2.50 times in the retail category, 57.18 times in QIB, and 45.23 times in the NII category by Mar 5, 2020 18:45.

SBI Cards IPO Subscription Details (Day by Day)

SBI Cards IPO subscribed 26.54 times. SBI Cards IPO received bids for 2.50 times issue size in retail, 57.18 times issue size in QIB, and 45.23 times issue size in the Non-institutional category by Mar 5, 2020 18:45.

SBI Cards IPO Shares Offered

SBI Cards IPO is a public issue of 100,279,411 equity shares. The issue offers 42,796,641 shares to retail individual investors, 24,224,003 shares to qualified institutional buyers, 18,341,418 share to non-institutional investors.

1. 1. How to purchase SBI Card IPO?

   To purchase SBI Card IPO shares, you have to apply in SBI Cards IPO. The IPO shares bidding opens on Mar 2, 2020, and closes on Mar 5, 2020. There are various reserved categories including Retail, QIB, NII, Shareholders, and Employee. The allocation of shares is done using the different mechanisms in each of these categories.

   To purchase SBI Card IPO, you could use one of the following two ways:

   • Use Net Banking by Bank is

     This is the easiest way to apply in IPO. Simply log in to your net banking with any bank where you have your bank account and apply in SBI Card IPO shares. Here are a few steps by step guides - SBI, ICICI, HDFC, PNB, Axis, Kotak.

   • Use UPI based IPO Application

     If your broker offers an IPO application, you could apply through them using the UPI payment gateway. Here are a few examples; Zerodha, Edelweiss, Sharekhan, and 5paisa.

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2. 2. Should I buy an SBI card IPO?

   The prospect of making short term profit from SBI Card IPO is very good as of Feb 24, 2020. The grey market premiums are between Rs 250 to Rs 300 for the last few days. There is a huge demand in the market for SBI Card IPO shares. The IPO is expected to be oversubscribed heavily. The higher demand will result in higher profitability.

   But there are multiple risks involved. The impact of the Coronavirus on the economy and stock markets, SBI Card IPO pricing, and selling pressure on listing day from people who invested for listing gains using the borrowed money.

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1. 1. How much SBI Cards IPO subscribed?

   The SBI Cards IPO is subscribed 26.54 by Mar 5, 2020 18:45.

   SBI Cards IPO Subscription

   Investor Category	Subscription (times)
   Qualified Institutional	57.18
   Non Institutional	45.23
   Retail Individual	2.50
   Employee Reservations	4.74
   Others	25.36
   Total Subscription	26.54

2. 2. What is SBI Cards IPO retail subscription status?

   Retail category of SBI Cards IPO subscribed 2.50 times as of date Mar 5, 2020 18:45. The public issue closes on Mar 5, 2020 for bidding.

3. 3. How to subscribe SBI Cards IPO?

   An investor can apply in SBI Cards IPO online via bank (using ASBA) or the broker (using UPI). The SBI Cards IPO shares are offered online only.

4. 4. How many times SBI Cards IPO subscribed?

   The SBI Cards IPO is subscribed 26.54 by Mar 5, 2020 18:45.

5. 5. How to check SBI Cards IPO allotment?

   The SBI Cards IPO allotment status is expected on or around Mar 11, 2020. Visit SBI Cards IPO allotment status to check.

6. 6. When SBI Cards IPO will be listed?

   The SBI Cards IPO listing date is Monday, March 16, 2020. The equity share of SBI Cards and Payment Services Ltd will list on BSE, NSE.

7. 7. How do I check SBI Cards IPO live subscription?

   Visit SBI Cards IPO subscription status page for real-time bidding information about SBI Cards IPO.

8. 8. When SBI Cards IPO date?

   SBI Cards IPO Timetable

   IPO Opens On	Mar 2, 2020
   IPO Closes On	Mar 5, 2020
   Finalisation of Basis of Allotment	Mar 11, 2020
   Initiation of Refunds	Mar 12, 2020
   Credit of Shares to Demat Account	Mar 13, 2020
   IPO Listing Date	Mar 16, 2020