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| 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 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 Category | Subscription (times) |
|---|---|
| Qualified Institutions | 57.18 |
| Non-Institutional Buyers | 45.23 |
| Retail Investors | 2.50 |
| Employees | 4.74 |
| Others | 25.36 |
| Total | 26.54 |
| Date | QIB | NII | Retail | EMP | Others | Total |
|---|---|---|---|---|---|---|
| Day 1 Mar 2, 2020 | 0.00 | 0.12 | 0.62 | 0.80 | 0.69 | 0.39 |
| Day 2 Mar 3, 2020 | 0.21 | 0.47 | 1.21 | 1.84 | 1.41 | 0.87 |
| Day 3 Mar 4, 2020 | 57.18 | 2.19 | 1.77 | 3.29 | 3.54 | 15.49 |
| Day 4 Mar 5, 2020 | 57.18 | 45.23 | 2.50 | 4.74 | 25.36 | 26.54 |
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.
| Category | Shares Offered | Amount (Rs Cr) |
|---|---|---|
| QIB | 24,224,003 | 1,828.91 |
| NII | 18,341,418 | 1,384.78 |
| Retail | 42,796,641 | 3,231.15 |
| Employee | 1,864,669 | 140.78 |
| Others | 13,052,680 | 985.48 |
| Total | 100,279,411 | 7,571.10 |
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.
Individual investors, NRIs, companies, trusts, etc who bid for more than Rs 2 lakhs are known as Non-institutional bidders or NII. They need not register with SEBI like QIIs.
The retail individual investor or NRIs who apply up to Rs 2,00,000 in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the 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:
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.
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.
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.
The SBI Cards IPO is subscribed 26.54 by Mar 5, 2020.
| 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 |
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.
Visit SBI Cards IPO subscription status page for real-time bidding information about SBI Cards IPO.
| 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 |
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