SBI Cards and Payment Services Ltd IPO

SBI Cards and Payment Services Ltd logo

SBI Cards and Payment Services Ltd IPO is a Mainstream IPO, which is open for all investors from 2nd March 2020, Monday to 5th March 2020, Wednesday. Promoters are offering 130,526,798 equity shares to public through this issue which is worth of Rs -- Crores. For other IPO details on SBI Cards and Payment Services Ltd IPO, scroll below

IPO Details

Grey Market Premium of SBI Cards and Payment Services Ltd IPO

Find the updated the GMP of SBI Cards & Payment Services Ltd IPO

Date
Grey Market Premium of SBI Card IPO
Kostak of SBI Card IPO
Sauda of SBI Card IPO
23-Feb-2020 Rs 306 – Rs 324 Rs 3500 Rs 4500
22-Feb-2020 Rs 306 – Rs 324 Rs 3500 Rs 4500
21-Feb-2020 Rs 306 – Rs 324 Rs 3500 Rs 4500
20-Feb-2020 Rs 286 – Rs 304 Rs 3500 Rs 4500
19-Feb-2020 Rs 286 – Rs 304 Rs 3500 Rs 4500
18-Feb-2020 Rs 286 – Rs 304 Rs 3500 Rs 4500
17-Feb-2020 Rs 286 – Rs 304 Rs 3500 Rs 4500
16-Feb-2020 Rs 286 – Rs 304 Rs 3700 Rs 4300
15-Feb-2020 Rs 286 – Rs 304 Rs 3700 Rs 4300
14-Feb-2020 Rs 286 – Rs 304 Rs 3700 Rs 4300
13-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
12-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
11-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
10-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
9-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
8-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
7-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
6-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
5-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
4-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
3-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
2-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
1-Feb-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
31-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
30-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
29-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
28-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
27-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
26-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
25-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
24-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
23-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
22-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 4000
21-Jan-2020 Rs 246 – Rs 264 Rs 3500 Rs 4000
20-Jan-2020 Rs 246 – Rs 264 Rs 3500 Rs 4000
19-Jan-2020 Rs 246 – Rs 264 Rs 3500 Rs 4000
18-Jan-2020 Rs 246 – Rs 264 Rs 3500 Rs 4000
17-Jan-2020 Rs 246 – Rs 264 Rs 3500 Rs 4000
16-Jan-2020 Rs 246 – Rs 264 Rs 3500 Rs 4000
15-Jan-2020 Rs 246 – Rs 264 Rs 3500 Rs 4000
14-Jan-2020 Rs 246 – Rs 264 Rs 3500 Rs 4000
13-Jan-2020 Rs 236 – Rs 254 Rs 3300 Rs 4000
12-Jan-2020 Rs 236 – Rs 254 Rs 3300 Rs 4000
11-Jan-2020 Rs 236 – Rs 254 Rs 3300 Rs 4000
10-Jan-2020 Rs 236 – Rs 254 Rs 3300 Rs 4000
9-Jan-2020 Rs 236 – Rs 254 Rs 3300 Rs 4000
8-Jan-2020 Rs 226 – Rs 244 Rs 3000 Rs 3800
7-Jan-2020 Rs 206 – Rs 224 Rs 2200 Rs 3500
6-Jan-2020 Rs 216 – Rs 234 Rs 3000 Rs 4000
5-Jan-2020 Rs 216 – Rs 234 Rs 3000 Rs 4000
4-Jan-2020 Rs 216 – Rs 234 Rs 3000 Rs 4000
3-Jan-2020 Rs 216 – Rs 234 Rs 2800 Rs 4000
2-Jan-2020 Rs 216 – Rs 234 Rs 2800 Rs 4000
1-Jan-2020 Rs 216 – Rs 234 Rs 2800 Not Available
31-Dec-2019 Rs 216 – Rs 234 Rs 2800 Not Available
30-Dec-2019 Rs 216 – Rs 234 Rs 2800 Not Available
29-Dec-2019 Rs 216 – Rs 234 Rs 2800 Not Available
28-Dec-2019 Rs 216 – Rs 234 Rs 2800 Not Available
27-Dec-2019 Rs 216 – Rs 234 Rs 2800 Not Available
26-Dec-2019 Rs 206 – Rs 224 Rs 2700 Not Available
25-Dec-2019 Rs 206 – Rs 224 Rs 2700 Not Available
24-Dec-2019 Rs 216 – Rs 234 Rs 2800 Not Available
23-Dec-2019 Rs 236 – Rs 254 Rs 2800 Not Available
22-Dec-2019 Rs 236 – Rs 254 Rs 2800 Not Available
21-Dec-2019 Rs 236 – Rs 254 Rs 2800 Not Available
20-Dec-2019 Rs 246 – Rs 264 Rs 3100 Not Available
19-Dec-2019 Rs 246 – Rs 264 Rs 3700 Not Available
18-Dec-2019 Rs 246 – Rs 264 Rs 3500 Not Available
17-Dec-2019 Rs 216 – Rs 234 Rs 3500 Not Available
16-Dec-2019 Rs 216 – Rs 234 Rs 3500 Not Available
15-Dec-2019 Rs 216 – Rs 234 Rs 400 Rs 2500
14-Dec-2019 Rs 216 – Rs 234 Rs 400 Rs 2500
13-Dec-2019 Rs 216 – Rs 234 Rs 400 Rs 2500
12-Dec-2019 Rs 216 – Rs 234 Rs 400 Rs 2500
11-Dec-2019 Rs 216 – Rs 234 Rs 400 Rs 2500
10-Dec-2019 Rs 216 – Rs 234 Rs 400 Rs 2500
9-Dec-2019 Rs 216 – Rs 234 Rs 400 Rs 2500
8-Dec-2019 Rs 216 – Rs 234 Rs 400 Rs 2500
7-Dec-2019 Rs 216 – Rs 234 Rs 400 Rs 2500
6-Dec-2019 Rs 246 – Rs 274 Rs 500 Rs 3000
5-Dec-2019 Rs 186 – Rs 204 Rs 600 Rs 2500
4-Dec-2019 Rs 146 – Rs 174 Rs 700 Rs 2500
3-Dec-2019 Rs 116 – Rs 144 Not Available Not Available
2-Dec-2019 Rs 116 – Rs 144 Not Available Not Available

Allotment Status of SBI Cards and Payment Services Ltd IPO

Expected Listing Gains

Error requesting data: cURL error 28: Operation timed out after 5001 milliseconds with 0 bytes received

Company Background

SBI Cards and Payment Services Ltd is a Delhi-NCR based credit card issuer , with an annual revenue of Rupees 4677.208 crores.

  • Company is subsidiary of SBI with the close to 18% of the market share
  • Company has grown the business faster than the Indian credit
    card market over the past three years both in terms of numbers of credit cards outstanding and amounts of credit card spends
  • SBI cards has a sales force of 33,086 outsourced sales personnel, operating out of 133 cities

Date of Incorporation

SBI Cards and Payment Services Ltd was incorporated as a private limited on 15th May 1998. The company was finally converted into a public limited company on August 20th 2019 with a Corporate Identification Number, U65999DL1998PLC093849

Promoters of SBI Cards and Payment Services Ltd

State Bank of India is the sole promoters of the company

Product & Services Offered

SBI Cards and Payment Services Ltd offers credit to its clients with different offerings:-

  • SBI branded cards and co branded cards
  • SBI Cardbranded credit cards are : SimplySave, SimplyClick, Prime and Elite, whereas co branded cards have players like Air India, Apollo hospital, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra

Clientele base of the company

Company caters domestic customers by targeting segments like

  • affluent, mass  affluent, mass and new to credit categories

Purpose of this IPO

Purpose of the issue:

  • The offer for Sale: To give exit to selling stakeholders
  • Fresh Issue: The net proceeds would be used to increase the loan book

SBI Cards and Payment Services Ltd IPO Issue Details

Issue Details
Issue Open2nd March 2020, MondayIssue Close5th March 2020,Wednesday
Issue TypeBook Built IPO IssueFace Value ₹ 10 Per Equity Share
Price Band₹ - Per Equity SharesBid Lot & Minimum order quantity130,526,798 Shares
Issue Size-Listing atNSE, BSE

SBI Cards and Payment Services Ltd IPO Timeline

Tentative IPO Timeline
Bid Opens on 2nd March 2020, Monday Bid Closes on 5th March 2020, Wednesday
Finalization of basis of allotment 11th March 2020, Wednesday Initiation of Refunds 12th March 2020, Thursday
Credit of shares to demat account 13th March 2020, Friday Listing Date 16th March 2020, Monday

Company Financials

For the year/period ended (₹ in Million)
30-Sep-19
31-Mar-19
31-Mar-18
31-Mar-17
Total Assets 244,591.43 202,396.34 156,860.02 107,649.85
Total Revenue 46,772.08 72,868.34 53,701.92 34,710.38
Profit After Tax 7,258.82 8,627.19 6,011.43 3,728.59

Ratings & Reviews of SBI Cards and Payment Services Ltd IPO

This IPO is yet to be reviewed

Investors are advised to conduct proper due diligence before investing in this IPO

Litigation Details

As per the information available, following is the status of litigation related to the company.

Name of Entity*
Criminal Proceedings
Tax proceedings
Statutory/ Regulatory proceedings
Material civil litigation
Aggregate amount involved ^ (₹ in million)
Company
By the Company 33,378 3 1,006.60
Against the Company 15 1 10 4,786.11
Directors (other than Promoters)
By the Directors
Against the Directors 2 1 25
Promoters
By the Promoter 82 390,565.20
Against the Promoter 1 over 486 1 19 639,043.42

Red Herring Prospectus of SBI Cards and Payment Services Ltd IPO

Bidding Status

Bidding Status
Number of Times Subscribed (BSE + NSE)
As on Date & Time QIB NII RII Employee Others Total
Shares Offered / Reserved —- —- —- —- —- —-
Day 1 —- —- —- —- —- —-
Day 2 – —- —- —- —- —- —-
Day 3 – —- —- —- —- —- —-

Listing Day Information

Listing Day Trading Information
BSE NSE
Issue Price
Open
Low
High
Last Trade
Volume

IPO Lead Managers

  • Axis Capital Limited, BoA Merrill Lynch, HSBC Securities & Capital Markets Pvt Ltd, Kotak Mahindra Capital Company Limited are managing the IPO for the company

Address of SBI Cards and Payment Services Ltd IPO

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

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