SBI Cards IPO Subscription Details Live

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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. 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.
Discuss this Question
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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SBI Cards IPO Subscription FAQs

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 Category Subscription (times)

Qualified Institutional 57.18x

Non Institutional 45.23x

Retail Individual 2.50x

Employee Reservations 4.74x

Others 25.36x

Total Subscription 26.54x
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. 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. How many times SBI Cards IPO subscribed?

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

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

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

52 Comments

52. Sunilbaba Mar 12, 2020 14:25

IS IT POSSIBLE FOR ANYONE TO CHECK ALLOTMENT STATUS FOR THIS Pan no AUNPA4043Q

51. Ajatin Mar 12, 2020 08:30

1 |

SBI WILL BE AVAILABLE TODAY AT 200 LEVELS WHICH IS 2008 LEVELS
SBI CARDS WILL LISTING AT 300-350 RUPEES

50. Sunil Batlahally Mar 11, 2020 12:42

Hi guys, at what time will we get know about our allotment status?

50.1. benny Mar 11, 2020 16:49

It is opened now today after market hours in LinkIntime India website

49. Viram Mar 5, 2020 15:59

1 |

34 |

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

Load more comments (1 replies)

49.2. acerohit Mar 5, 2020 17:08

8 |

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 Mar 6, 2020 11:40

2 |

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 Mar 6, 2020 11:20

1 |

Vo sab bhad me gaya kitna gmp hai ye batao

47. PratikMehta Mar 6, 2020 10:40

How is the allotment process, Is is at each Category Level based on Subscription or overall Subscription ?

46. Abhijeet Sonawane Mar 5, 2020 17:15

1 |

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..

Load more comments (1 replies)

46.2. Sanjiv Bhasin Mar 5, 2020 18:51

1 |

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 Mar 5, 2020 23:03

1 |

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 Mar 5, 2020 16:48

2 |

Retail bidders have better chance of getting allotment of minimum one lot better than share holders chances

45.1. Sanjiv Bhasin Mar 5, 2020 17:03

2 |

Chances are good for share holders category also. share holders will get proportionate allocation. Retails will get lucky draw allotment.

44. Vithal Mar 5, 2020 15:30

1 |

2 |

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 Mar 5, 2020 17:00

1 |

2 |

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 Mar 5, 2020 16:58

2 |

4 |

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 Mar 5, 2020 16:55

3 |

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 Mar 5, 2020 10:18

have anyone application wise subscription figure for sbi card ipo in retail applicants.

40. Praveen K S Mar 5, 2020 11:44

Till what time can we apply under Retail and Shareholder's category today?

40.1. Vijay George Richards Mar 5, 2020 15:35

1 |

5pm

39. sri bhadrakali parivar Mar 5, 2020 15:22

yes this is reallly good news for retail individual investors...limited demand and maximum allotment

38. IPO Jackpot Mar 5, 2020 15:12

2 |

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 Mar 5, 2020 13:18

7 |

1 |

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 Mar 5, 2020 12:49

2 |

3 |

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 Mar 5, 2020 11:25

9 |

QIB yesterday and today same 57.18**? , what to do apply or not , expert pls advise

35.1. Sunsan Mar 5, 2020 11:32

1 |

QIB subscription closed yesterday so figure will not change.

34. NITIN DALAL Mar 4, 2020 20:27

CAN I APPLY UNDER ASBA AS I DO NOT HAVE UPIN

34.1. Vithal Mar 5, 2020 11:25

Yes you can apply by ASBA.
ASBA and UPIN are 2 different options.

33. Vanshul Chawla Mar 5, 2020 09:48

SBI buying stake in YES Bank. Will this have impact on Card business?

33.1. Vithal Mar 5, 2020 11:24

2 |

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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