SBI Cards IPO Date, Price Band, Quantity, Rating, Brokers Reviews

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SBI Cards has filed Draft Red Herring Prospectus for its IPO with SEBI.

SBI Cards IPO size to be around ₹ 8500 to ₹ 9500 Crores, Fresh issue would be around ₹ 500 Crores and SBI is going to sell its 4% stake as they have already informed to exchange. Another partner Caryle is going to divest a 10% stake, it’s actually the JV between State Bank of India and Caryle.

Primary offering coming in from this very stable after a gap of two years. This time it’s going to be as SBI Cards, it’s one of the profitable vertical of the bank. It’s a very important IPO everybody is watching out for.

Why SBI is asking such higher valuation that it’s mainly because of future projections what the company is likely to do going forward so in the first half of the year they actually clocked a profit of about ₹700 Crores but for the full year FY20 they are likely to do a profit of about ₹ 2000 Crores and going forward as well looking at the way digital payments and cards market panning out even the digital payment is another era or a field on its own but the future is bright.

Issue TypeBook Building Issue
Issue Size₹ 9500 Crores
Listing ExchangeNSE, BSE
IPO Open Date20 Jan 2020
IPO Close Date22 Jan 2020
Face Value₹ 10 Per Equity Share
Price Range₹ 615 to 618 Per Share
Lot SizeMin 24 to Max 312
Minimum Amount₹ 14832
Maximum Amount₹ 192816

Discount ₹ 18 Per Share If anybody wants to opt for the discount they must be having SBIN equity share in their Demat account.

SBI Cards IPO Lead Managers

  1. Axis Capital Limited
  2. BoA Merrill Lynch
  3. HSBC Securities & Capital Markets Pvt Ltd
  4. Kotak Mahindra Capital Company Limited

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: [email protected]

Company Contact Information

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: [email protected]

Download SBI Cards IPO Forms

  1. NSE Form
  2. BSE Form

Information given pertaining to dates, price range, lot size, and exact issue size is still unconfirmed yet. We will publish containing the latest information about SBI Cards IPO once it’s confirmed by Exchange.

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