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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

SBI Cards IPO Subscription Status Live

SBI Cards IPO Subscription Category Wise (BSE + NSE)

Day

Date

QIB

NII

RII

Emp

Others

Total

1

Mar 2, 2020 17:00

0.00x

0.12x

0.62x

0.80x

0.69x

0.39x

2

Mar 3, 2020 17:00

0.21x

0.47x

1.21x

1.84x

1.41x

0.87x

3

Mar 4, 2020 17:00

57.18x

2.19x

1.77x

3.29x

3.54x

15.49x

4

Mar 5, 2020 18:45

57.18x

45.23x

2.50x

4.74x

25.36x

26.54x

SBI Cards IPO Shares Offered

QIB

NII

RII

Emp

Others

Total

24,224,003

18,341,418

42,796,641

1,864,669

13,052,680

100,279,411

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

  1. 1. How much SBI Cards IPO subscribed?

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

    SBI Cards IPO Subscription

    Investor CategorySubscription (times)
    Qualified Institutional57.18x
    Non Institutional45.23x
    Retail Individual2.50x
    Employee Reservations4.74x
    Others25.36x
    Total Subscription26.54x
  2. 2. What is SBI Cards IPO retail subscription status?

    Retail category of SBI Cards IPO subscribed 2.50x 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 26.54x 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 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 Comments

Sunilbaba
52. Sunilbaba  Mar 12, 2020 14:25 I Like It. | I Don't Like It. | Report Abuse Reply
IS IT POSSIBLE FOR ANYONE TO CHECK ALLOTMENT STATUS FOR THIS Pan no AUNPA4043Q
Ajatin
51. Ajatin  Mar 12, 2020 08:30 I Like It. | I Don't Like It. 1 | Report Abuse Reply
SBI WILL BE AVAILABLE TODAY AT 200 LEVELS WHICH IS 2008 LEVELS
SBI CARDS WILL LISTING AT 300-350 RUPEES
Sunil Batlahally
50. Sunil Batlahally  Mar 11, 2020 12:42 I Like It. | I Don't Like It. | Report Abuse Reply
Hi guys, at what time will we get know about our allotment status?
benny
50.1. benny  Mar 11, 2020 16:49 I Like It. | I Don't Like It. | Report Abuse
It is opened now today after market hours in LinkIntime India website
Viram
49. Viram  Mar 5, 2020 15:59 I Like It. 1 | I Don't Like It. 34 | Report Abuse Reply
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
acerohit
49.2. acerohit  Mar 5, 2020 17:08 I Like It. 8 | I Don't Like It. | Report Abuse
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.
sri bhadrakali parivar
49.3. sri bhadrakali parivar  Mar 6, 2020 11:40 I Like It. 2 | I Don't Like It. | Report Abuse
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
Taral
48. Taral  Mar 6, 2020 11:20 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Vo sab bhad me gaya kitna gmp hai ye batao
PratikMehta
47. PratikMehta  Mar 6, 2020 10:40 I Like It. | I Don't Like It. | Report Abuse Reply
How is the allotment process, Is is at each Category Level based on Subscription or overall Subscription ?
Abhijeet Sonawane
46. Abhijeet Sonawane  Mar 5, 2020 17:15 I Like It. 1 | I Don't Like It. 1 | Report Abuse Reply
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..
Sanjiv Bhasin
46.2. Sanjiv Bhasin  Mar 5, 2020 18:51 I Like It. 1 | I Don't Like It. | Report Abuse
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.
Ipo bihar
46.3. Ipo bihar  Mar 5, 2020 23:03 I Like It. 1 | I Don't Like It. | Report Abuse
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.
A krishnan
45. A krishnan  Mar 5, 2020 16:48 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Retail bidders have better chance of getting allotment of minimum one lot better than share holders chances
Sanjiv Bhasin
45.1. Sanjiv Bhasin  Mar 5, 2020 17:03 I Like It. 2 | I Don't Like It. | Report Abuse
Chances are good for share holders category also. share holders will get proportionate allocation. Retails will get lucky draw allotment.
Vithal
44. Vithal  Mar 5, 2020 15:30 I Like It. 1 | I Don't Like It. 2 | Report Abuse Reply
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?
Sanjiv Bhasin
44.1. Sanjiv Bhasin  Mar 5, 2020 17:00 I Like It. 1 | I Don't Like It. 2 | Report Abuse
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%.
Sanjiv Bhasin
43. Sanjiv Bhasin  Mar 5, 2020 16:58 I Like It. 2 | I Don't Like It. 4 | Report Abuse Reply
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
Sanjiv Bhasin
42. Sanjiv Bhasin  Mar 5, 2020 16:55 I Like It. 3 | I Don't Like It. | Report Abuse Reply
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.
bebbe
41. bebbe  Mar 5, 2020 10:18 I Like It. | I Don't Like It. | Report Abuse Reply
have anyone application wise subscription figure for sbi card ipo in retail applicants.
Praveen K S
40. Praveen K S  Mar 5, 2020 11:44 I Like It. | I Don't Like It. | Report Abuse Reply
Till what time can we apply under Retail and Shareholder's category today?
Vijay George Richards
40.1. Vijay George Richards  Mar 5, 2020 15:35 I Like It. 1 | I Don't Like It. | Report Abuse
5pm
sri bhadrakali parivar
39. sri bhadrakali parivar  Mar 5, 2020 15:22 I Like It. | I Don't Like It. | Report Abuse Reply
yes this is reallly good news for retail individual investors...limited demand and maximum allotment
IPO Jackpot
38. IPO Jackpot  Mar 5, 2020 15:12 I Like It. 2 | I Don't Like It. | Report Abuse Reply
Based on oversubscription, GMP may shoot to 300+ tomorrrow and stock may give bumper listing gains. This time Retail investors will get good allottment.
Suresh bhai
37. Suresh bhai  Mar 5, 2020 13:18 I Like It. 7 | I Don't Like It. 1 | Report Abuse Reply
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.
NewKidInIPO
36. NewKidInIPO  Mar 5, 2020 12:49 I Like It. 2 | I Don't Like It. 3 | Report Abuse Reply
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
SHANI
35. SHANI  Mar 5, 2020 11:25 I Like It. | I Don't Like It. 9 | Report Abuse Reply
QIB yesterday and today same 57.18**? , what to do apply or not , expert pls advise
Sunsan
35.1. Sunsan  Mar 5, 2020 11:32 I Like It. 1 | I Don't Like It. | Report Abuse
QIB subscription closed yesterday so figure will not change.
NITIN DALAL
34. NITIN DALAL  Mar 4, 2020 20:27 I Like It. | I Don't Like It. | Report Abuse Reply
CAN I APPLY UNDER ASBA AS I DO NOT HAVE UPIN
Vithal
34.1. Vithal  Mar 5, 2020 11:25 I Like It. | I Don't Like It. | Report Abuse
Yes you can apply by ASBA.
ASBA and UPIN are 2 different options.
Vanshul Chawla
33. Vanshul Chawla  Mar 5, 2020 09:48 I Like It. | I Don't Like It. | Report Abuse Reply
SBI buying stake in YES Bank. Will this have impact on Card business?
Vithal
33.1. Vithal  Mar 5, 2020 11:24 I Like It. 2 | I Don't Like It. | Report Abuse
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.








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