SBI Card IPO Dates, Review, Price, IPO Allotment Details & Market Lot

SBI Card is the second-largest credit card issuer in India, with a 17.6% and 18.0% market share of the Indian credit card market in terms of the number of credit cards outstanding as of March 31, 2019 and September 30, 2019, respectively, and a 17.1% and 17.9% market share of the Indian credit card market in terms of total credit card spends in fiscal 2019 and in the six months ended September 30, 2019, respectively, according to the RBI. It offers an extensive credit card portfolio to individual cardholders and corporate clients which includes lifestyle, rewards, travel and fuel, shopping, banking partnership cards and corporate cards covering all major cardholder segments in terms of income profiles and lifestyles.

The company is a subsidiary of SBI, India’s largest commercial bank in terms of deposits, advances and number of branches as of September 30, 2019. It started operations in 1998, and since then SBI’s parentage and highly trusted brand have allowed it to quickly establish a reputation of trust, reliability and transparency with cardholders. From March 31, 2017 to March 31, 2019, its total credit card spends grew at a 54.2% CAGR (as compared to a 35.6% CAGR for the overall credit card industry, according to the RBI) and the number of our credit cards outstanding grew at a 34.5% CAGR (as compared to a 25.6% CAGR for the overall credit card industry).

It deploys a sales force of 33,086 outsourced sales personnel as of September 30, 2019 operating out of 133 Indian cities. It also had a presence in 3,009 open market points of sale across India as of September 30, 2019. In addition, its partnership with SBI provides it with access to SBI’s extensive network of 22,007 branches across India, which enables it to market its credit cards to SBI’s vast customer base of 436.4 million customers as of March 31, 2019.

SBI Cards IPO Review:

• Apply for Short Term and Long Term Gain

SBI Cards IPO Dates & Price Band: (Tentative)

IPO Open:	2 March-2020
IPO Close:	5 March-2020
IPO Size:	Approx Rs. 10354 Crore  (Approx)
Face Value:	Rs. 10 Per Equity Share
Price Band :	Rs.750 - Rs.755 Per Share
Listing on:	BSE & NSE
Retail Portion:	35%
Equity:	130,526,798 Shares
Employee Discount:	Rs.75 Per Shares

SBI Cards IPO Market Lot:

Lot Size:	Minimum 19 Shares & Maximum 247 Shares
Minimum Amount:	Rs.14345
Maximum Amount:	Rs.186485

SBI Cards IPO Allotment & Listing:

Basis of Allotment:	11 March-2020
Refunds:	12 March-2020
Credit to Demat Account:	13 March-2020
Listing Date:	16 March-2020

SBI Cards IPO Form:

How to apply the SBI Cards IPO? You can apply SBI Cards IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the SBI Cards IPO in the Invest section. The other option you can apply SBI Cards IPO via IPO forms download via NSE and BSE. Check out the SBI Cards forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.

SBI Cards Financial:

Rs. in Crore
	Revenue	Expense	PAT
2016	-	-	-
2017	3417	2899	371.4
2018	5370	4451	599.3
2019	7287	5955	859.6
2020 (H1)	4677	3643	727.0

Category	Shares offered	Subscription (no. of times, at 6 PM)
		Day 1	Day 2	Day 3	Day 4
QIB	2,42,24,003	0.00	0.21	57.18	57.18
NII	1,83,41,418	0.12	0.47	2.18	45.22
Retail	4,27,96,641	0.62	1.21	1.76	2.50
Employees	18,64,669	0.80	1.84	3.29	4.73
Shareholders	1,30,52,680	0.68	1.40	3.54	25.35
Total	10,02,79,411	0.38	0.87	15.48	26.54

Company Promoters:

• State Bank of India

SBI Cards IPO Registrar:

Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai - 400083
Phone: +91-22-4918 6270
Email: sbicard.ipo@linkintime.co.in
Website: http://www.linkintime.co.in

Note: Check SBI Cards IPO allotment status on Linkintime website allotment URL. Click Here

SBI Cards IPO Lead Managers:

• Axis Capital Limited
• BoA Merrill Lynch
• HSBC Securities & Capital Markets Pvt Ltd
• Kotak Mahindra Capital Company Limited

Company Address:

SBI Cards and Payment Services Ltd
Unit 401 & 402, 4th Floor,

Aggarwal Millennium Tower E-1,2,3,
Netaji Subhash Place, Wazirpur, New Delhi
Phone: +91 (11) 6126 8100
Email: investor.relations@sbicard.com
Website: http://www.sbicard.com/

SBI Cards IPO FAQs:

When SBI Cards IPO will open for Anchor Investors?

The Anchor Investors bidding is not announced yet.

When SBI Cards IPO will open for QIB, NII, and Retail?

The IPO to open on - for QIB, NII, and Retail Investors.

What is SBI Cards IPO Investors Portion?

The investors' portion for QIB--%, NII--%, and Retail--%.

How to Apply the SBI Cards IPO?

You can apply SBI Cards IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

What is SBI Cards IPO Allotment Date?

SBI Cards IPO allotment date is not finalized yet. You can check IPO allotment here.

What is SBI Cards IPO Listing Date?

SBI Cards IPO listing date is not finalized yet. The IPO to list on NSE and BSE.