SBI Cards IPO is a state bank of India subsidiary and it is India’s 2nd largest credit card issuer with more than 94 lakh credit cards. More than spending of 98000 CR in the terms of credit cards and it is 17.9% of market shares.
On August 20, 1919, SBI Card was converted to Public Limited Company from private company and renamed to SBI Cards and Payment Services Limited. In March 2020, SBI Card became the first pure play credit card company to be listed on a stock exchange in India.
SBI Card is headquartered in Gurgaon, Haryana. SBI Card was launched in October 1998 by State Bank of India and GE Capital. SBI held 74% while Carlyle held 26% stake in the Company.
Achivements
- More than 10 million credit cards – SBI Cards is the second largest credit card issuer in the country.
- SBI Cards has offices in more than 145 cities across India.
SBI Cards IPO Issue Details
| Issue | Details |
|---|---|
| Name | SBICARDS |
| Issue Opens | 2-Mar-20 |
| Issue Closes | 5-Mar-20 |
| Issue Size (crore) | 10275-10340 |
| Fresh Issue | 500 crore |
| Price Band | ₹ 750-755 |
| No. of shares on offer (crore) | 13.71 |
| QIB (%) | 50 |
| Retail (%) | 35 |
| Minimum lot size (no of shares) | 19 |
| Employee Discount | ₹ 75 per share *1.3 crore shares reserved for SBI shareholders |
Shareholding Pattern (%)
| Pre-Issue | Post-Issue | |
|---|---|---|
| Promoter Group | 100.0 | 85.4 |
| Public/Other | 0.0 | 14.6 |
SBI Cards’ Financial Details (INR crore)
| ₹ crore | FY17 | FY18 | FY19 | 9M FY20 |
|---|---|---|---|---|
| Total Income | 3471 | 5370.2 | 7286.8 | 7240.2 |
| Profit After Tax | 372.9 | 601.1 | 862.7 | 1161.2 |
| Total Assets | 10765 | 15686 | 20239.6 | 25993.5 |
| Networth | 1448.8 | 2353.1 | 3581.7 | 4751.3 |
| Total liabilities and Equity | 10765 | 15686 | 20239.6 | 25993.5 |
SBI Cards Company Contact Information
| Contact Details | Registrar |
|---|---|
| SBI Cards and Payment Services Ltd Unit 401 & 402, 4th Floor, Aggarwal Millennium Tower E-1,2,3, Netaji Subhash Place, Wazirpur, New Delhi | Link Intime India Private Ltd C 101, 247 Park, L.B.S.Marg, Vikhroli (West), Mumbai – 400083 |
| Phone: +91 (11) 6126 8100 | Phone: +91-22-4918 6270 |
| Email: [email protected] | Email: [email protected] |
| Website: www.sbicard.com | Website: www.linkintime.co.in |
Listing Time Table of SBI Cards
- IPO Opening Date: 2 March 2020
- IPO Closing Date: 5 Mar 2020
- Final Allotment: 11 Mar 2020
- Refunds: 12 Mar 2020
- Transfer of shares to Demat accounts: 13 Mar 2020
- Listing Date: 30 Dec 2019
Listing Day SBI Cards Performance.
| Details | NSE | BSE |
|---|---|---|
| Listing Date | 16-Mar-20 | 16-Mar-20 |
| IPO Price | ₹ 755.00 | ₹ 755.00 |
| Open | ₹ 661.00 | ₹ 658.00 |
| High | ₹ 755.00 | ₹ 755.00 |
| low | ₹ 656 | ₹ 658.00 |
| Close | ₹ 681.40 | ₹ 683.20 |
| Volume | 55.7 M | 4.00 M |
| Listing Day P/L | -9.74% | -9.50% |
Analyst Reviews.
| Ventura Securities – Subscribe | Dalal Street Investment Journal – Subscribe |
| ICICIdirect – Subscribe | Choice Broking – Subscribe |
| Angel Broking – Subscribe | HDFC Securities Limited – None |
| Axis Capital – None | Ambit Capital Pvt Ltd – None |
Subscription Details
| Category | Offered Shares | DAY 1 | DAY 2 | DAY 3 | DAY 4 |
|---|---|---|---|---|---|
| QIB | 2,42,24,003 | 0.00x | 0.19x | 31.86x | 57.18x |
| NII | 1,83,41,418 | 0.03x | 0.18x | 1.21x | 45.23x |
| Retail | 4,27,96,641 | 0.18x | 0.35x | 0.57x | 2.50x |
| Employee | 18,64,669 | 4.74x | |||
| Others | 13,052,680 | 25.36x | |||
| Total | 10,02,79,411 | 0.10x | 0.28x | 8.41x | 26.54x |
FAQs for SBI Crads IPO
What is SBI Cards IPO?
SBI Cards & Payment Services Ltd is a subsidiary of state bank of India and company planning to expand capital by listing on nse and bse.
How do I apply for the SBI Cards IPO?
Anyone having demat account are eligible for SBI Cards IPO application. There are two method available for application.
ASBA Payment Method : The net-banking facility available for online IPO application.
UPI Payment Method: By using UPI payment method for application process.
What is the SBI Cards IPO issue date?
SBI Cards IPO issue period is from 2-Mar-2020 to 5-Mar-2020.
What is the SBI Cards IPO allotment date?
Allotment date for SBI Cards IPO is 11-mar-2020 and share will transfer to your demat account on 13-mar-2020.
What if SBI Cards IPO Shares not allotted to me?
Suppose SBI Card shares not allotted to you than refund will be credited to your linked bank account.
How to Apply SBI Cards IPO through Zerodha?
Zerodha customers can apply for SBI Card through UPI’s payment gateway by Zerodha Console. Pls follow Below steps.
What is the SBI Cards IPO Listing date?
Listing date for this IPO is 16-mar-2020.
Is there any other SBI IPO Listing later this year?
There is no such information available regarding the further listing of State bank of India IPO.
Will I get a discount if I hold shares of SBI?
yes you are eligible for discount but You must have at least one share of State Bank of India in demat account till the date of filing of Red Herring Prospectus.
What is the Lot Size of SBI Cards IPO?
Minimum 19 shares (1 lot) and maximum 266 shares of lot size is available for SBI Cards IPO. One share price is ₹.755 so 1 lot of 19 shares will be ₹.14,354.
What is the face value of SBI Cards IPO?
₹10 Per Equity Share.
What SBI Cards symbols in NSE & BSE?
NSE: SBICARD & BSE: 543066, Group: B
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Very nice information. Such useful to take Sbi card share.Please keep posting such information.
Thank u