SBI Cards IPO Subscription Details (Live Status)

SBI Cards IPO Details

IPO Open Mar 2, 2020
IPO Close Mar 5, 2020
IPO Price ₹755
Face Value ₹10
IPO Size ₹10,354.77 Cr
Listing At BSE, NSE
Lot Size 19
Open an Instant Account with Zerodha

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.

Investor CategorySubscription (times)
Qualified Institutions57.18
Non-Institutional Buyers45.23
Retail Investors2.50

SBI Cards IPO Subscription Details (times)

Day 1
Mar 2, 2020
Day 2
Mar 3, 2020
Day 3
Mar 4, 2020
Day 4
Mar 5, 2020

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 investors, 24,224,003 shares to qualified institutional buyers, and 18,341,418 shares to non-institutional investors.

CategoryShares OfferedAmount (Rs Cr) Size (%)

IPO Investor Categories

  • Qualified Institutional Buyers (QIB)

    Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.

  • Non-Institutional Investors(NII)

    Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.

    NII category has two subcategories:

    1. sNII (bids below Rs 10L)

      The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).

    2. bNII (bids above Rs 10L)

      The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).

  • Retail Individual Investors(RII)

    The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.

  • Employee (EMP)

    A category of eligible employees who have a reserved quota in the IPO.

  • Others

    A category of eligible shareholders or other investors who have a reserved quota in the IPO.

What is the difference between RII, NII, QIB and Anchor Investor?

Disclaimer: The subscription data is taken from the NSE and BSE websites. They are subject to change on a real-time basis. The subscription data provided are for information purposes only and provided by Chittorgarh.com on an 'AS IS' and 'AS AVAILABLE' basis and without warranty, express or implied. Our website does not guarantee or warrant the accuracy, adequacy, or completeness of the information received through the said websites. Chittorgarh.com holds no responsibility of any kind as regards any discrepancies, errors, omissions, losses, or damages. Chittorgarh.com including its affiliates and any of its directors, and employees, shall not be liable for any loss, or damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of data received. The recipient alone shall be fully responsible / are liable for any decision taken based on such information/data. All recipients should before acting upon the said information make their investigation, and seek appropriate professional advice.

SBI Cards IPO Questions

  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.


  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.


SBI Cards IPO Subscription FAQs

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

SBI Cards IPO Subscription

Investor CategorySubscription (times)
Qualified Institutional57.18
Non Institutional45.23
Retail Individual2.50
Employee Reservations4.74
Total Subscription26.54

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

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.

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

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

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.

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

SBI Cards IPO Timetable

IPO Opens OnMar 2, 2020
IPO Closes OnMar 5, 2020
Finalisation of Basis of AllotmentMar 11, 2020
Initiation of RefundsMar 12, 2020
Credit of Shares to Demat AccountMar 13, 2020
IPO Listing DateMar 16, 2020


52. Sunilbaba     Link|Mar 12, 2020 3:25:33 PM
51. Ajatin     Link|Mar 12, 2020 9:30:20 AM
50. Sunil Batlahally     Link|Mar 11, 2020 1:42:32 PM
Hi guys, at what time will we get know about our allotment status?
50.1. benny     Link|Mar 11, 2020 5:49:32 PM
It is opened now today after market hours in LinkIntime India website
49. Viram   I Like It. 1|  Link|Mar 5, 2020 4:59:35 PM
Ye to flop ho gaya bhai.... Share market mai sell karne wale hi aage rahe te hai..... Hahaha sell sell sell
It's like rpower undercutting game.. Ok koi dusri khwahis mat rakhna kisi itna itna profit hoga... Sab soo jao ghar ho k aao.... ????????????????hahaha
49.2. acerohit   I Like It. 8|  Link|Mar 5, 2020 6:08:52 PM
Very bad judgement . Irctc was an 650 crore approx ipo and it subscribed 112.
Sbi card ipo size 10000 crore approx (15 time bigger than irctc) total subscription 26.54 approx. The according to simple math sbi card got 3 times more amount for ipo (265400 cr) and irctc got (72800 cr). Considering the market condition very good subscription.
49.3. sri bhadrakali parivar   I Like It. 2|  Link|Mar 6, 2020 12:40:40 PM
my dear friend vikram.....it is not flop it is great success just hold 1 year it..target 2000///////////////-5 years target 6000 to 8000
48. Taral   I Like It. 1|  Link|Mar 6, 2020 12:20:15 PM
Vo sab bhad me gaya kitna gmp hai ye batao
47. PratikMehta     Link|Mar 6, 2020 11:40:52 AM
How is the allotment process, Is is at each Category Level based on Subscription or overall Subscription ?
46. Abhijeet Sonawane   I Like It. 1|  Link|Mar 5, 2020 6:15:44 PM
According to NSE & BSE SBI CARDS IPO BIDDING DATA the cutoff price bids for SH Category is 2.4 x only... so don't take tension of 25 times subscription applications ( Provided You have ticked cut off price while applying in SH Category).... So, according to this calculation for 13 Lots Minimum 5 Lots allotment can be given...Lets Cross fingers for final basis of allotment..
46.2. Sanjiv Bhasin   I Like It. 1|  Link|Mar 5, 2020 7:51:00 PM
Not True. Those who have applied for 755 price also considered as cut off price. There are less than 1% fool peoples are present who bid for anything less than 755. So your argument is pointless. Lot of competition in SH category continues. Hope that we will get at-least one lot on proportionate basis.
46.3. Ipo bihar   I Like It. 1|  Link|Mar 6, 2020 12:03:14 AM
Checked, you are correct. for shareholders category.
For RII, only two third shares bidded at cut off. So oversubscription of 1.5 times at cut off price.
45. A krishnan   I Like It. 2|  Link|Mar 5, 2020 5:48:13 PM
Retail bidders have better chance of getting allotment of minimum one lot better than share holders chances
45.1. Sanjiv Bhasin   I Like It. 2|  Link|Mar 5, 2020 6:03:50 PM
Chances are good for share holders category also. share holders will get proportionate allocation. Retails will get lucky draw allotment.
44. Vithal   I Like It. 1|  Link|Mar 5, 2020 4:30:46 PM
I applied in retail category 13 lots. Due to less subscription are there chances of getting full lots or maximum how much lots i may get, any idea?
44.1. Sanjiv Bhasin   I Like It. 1|  Link|Mar 5, 2020 6:00:49 PM
There are 40% chances that you will get 1 lot at least. Chances of not getting is 60%. If you are lucky you will fall in 40% else in 60%.
43. Sanjiv Bhasin   I Like It. 2|  Link|Mar 5, 2020 5:58:10 PM
Chances of allocation :
Retail investors : 25 to 30% chances of allocation
Share Holders : 4% to 10% chances of allocation
Employee : 20% to 30% chances of allocation
Non institutional : 2% to 10% chances of allocation
42. Sanjiv Bhasin   I Like It. 3|  Link|Mar 5, 2020 5:55:09 PM
As per fair value calculation it will list around 1200 Rs per share. We can say that this ipo subscribed hugely compared to size of the ipo. You can expect it to go towards 2100 in 2 years span. Retail investors dont get panic just hold it and forget it for 2 years.
41. bebbe     Link|Mar 5, 2020 11:18:50 AM
have anyone application wise subscription figure for sbi card ipo in retail applicants.
40. Praveen K S     Link|Mar 5, 2020 12:44:54 PM
Till what time can we apply under Retail and Shareholder's category today?
40.1. Vijay George Richards   I Like It. 1|  Link|Mar 5, 2020 4:35:59 PM
39. sri bhadrakali parivar     Link|Mar 5, 2020 4:22:08 PM
yes this is reallly good news for retail individual investors...limited demand and maximum allotment
38. IPO Jackpot   I Like It. 2|  Link|Mar 5, 2020 4:12:51 PM
Based on oversubscription, GMP may shoot to 300+ tomorrrow and stock may give bumper listing gains. This time Retail investors will get good allottment.
37. Suresh bhai   I Like It. 7|  Link|Mar 5, 2020 2:18:42 PM
hi my dear friends...
dont worry about this ipo it will give you smart profits....just hold 3 to 5 years target 5000/- because credit card business is very low penetration in india..3 out of 100.people have cards so much gaap..so dont worry be happy..and best of luck all of u.
36. NewKidInIPO   I Like It. 2|  Link|Mar 5, 2020 1:49:24 PM
I have applied 13 lots in shareholder category and 1 lot in retail using same demat (zerodha + hdfc). I am hoping to get 50k of allotment, can someone tell me if my expectations are incorrect
35. SHANI     Link|Mar 5, 2020 12:25:33 PM
QIB yesterday and today same 57.18**? , what to do apply or not , expert pls advise
35.1. Sunsan   I Like It. 1|  Link|Mar 5, 2020 12:32:07 PM
QIB subscription closed yesterday so figure will not change.
34. NITIN DALAL     Link|Mar 4, 2020 9:27:05 PM
34.1. Vithal     Link|Mar 5, 2020 12:25:43 PM
Yes you can apply by ASBA.
ASBA and UPIN are 2 different options.
33. Vanshul Chawla     Link|Mar 5, 2020 10:48:05 AM
SBI buying stake in YES Bank. Will this have impact on Card business?
33.1. Vithal   I Like It. 2|  Link|Mar 5, 2020 12:24:36 PM
SBI is buying (as per market speculation) card is buying stake in YES bank not the SBI Cards, so it will not impact business of SBI cards, after listing SBI card will be totally different company.