SBI-Cards-IPO-Details-Elitewealth-img

SBI Cards & Payment Services Limited will list soon at stock exchange platform for trading in Secondary market. Interested clients can fetch details like Price Band and Dates of the IPO, Company Profile, Allotment Status, Listing Dates etc. The firm has drafted a Red Herring Prospectus and got approval for the same from the Regulatory firm Securities Board of India. The IPO is scheduled for March 2, 2020 with a price band of Rs.(Rs. 750-755) per equity share. The lot size of applying the IPO is for 19 shares. One can apply via ASBA and UPI to avail the benefit of listing this IPO. The maximum application of amount for retail investor stood at Rs. 2 lacs.

To Check SBI Cards Allotment Status

Company profile:-

The company was incorporated on May 15, 1998 in New Delhi, India. SBI Cards and Payments Services limited is the second largest and well known firm as a credit card issuer in India. As per the record on 31st March and September 2019, it holds 17.6% and 18% market shares respectively of the Indian credit card in terms of the number of credit cards outstanding. Offering credit card of the firm includes various features and segments like 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 subsidiary of one of the largest bank ‘the State Bank of India’ in the field of deposits, advances and number of branches as of September 30, 2019.

Total credit card spends of the company jumped at a 54.2% CAGR from March 31, 2017 to March 31, 2019 and the number of its credit cards outstanding jumped at a 34.5% CAGR.  The company offers SBI Card-branded credit cards as well as co-branded credit cards which include both the SBI Card brand and its co-brand partners’ brands. The company also provides four primary SBI Card branded credit cards: Simply Save, Simply Click, Prime and Elite. It maintains its partnership to the various leading names across industries, including Air India, Apollo Hospitals, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra, amongst others.

The state bank of India facilitates it to access SBI’s extensive network of 22,007 branches across India. As a result, the company is serving its cards to a huge customer base of 436.4 million customers.

Positive Outlook of the Firm:-

  1. Well-known brand and Second largest credit card issuer in India in terms of growth and profitability;
  2. Various customer acquisition capabilities;
  3. Partnership and strong support by a well-known brand and pre-eminent Promoter;
  4. Useful and exclusive portfolio of credit card offerings;
  5. Robust, modern and sophisticated technology infrastructure;
  6. Advanced risk management and data analytics capabilities;
  7. Efficient and professional management team.

 

Elite-Empower-App-Promotional-Banner-img1

 

Objects Of The Issue:-

The Offer includes of a Fresh Issue and an Offer for Sale-

1. The Offer for Sale- The object of the Offer for Sale is to allow the Selling Shareholders to sell an aggregate of up to [13,71,49,315] Equity Shares held by them. The company will not receive any proceeds from the Offer for Sale.
2. Fresh Issue- The net proceeds of the Fresh Issue, i.e. Gross proceeds of the Fresh Issue less the Offer Expenses apportioned to the Company (“Net Proceeds”) are proposed to be utilized for augmenting the capital base to meet company’s future capital requirements.

SBI Cards and Payment Services Ltd – IPO Subscription

 

SBI-Cards-IPO-2020-03-05

 

 

Summary Of Issue:

Issue Open: – March 2, 2020 to March 5, 2020
Issue Type  Book Built Issue IPO
Issue Size  13,71,93,464
Face Value Rs. 10 Per Equity Share
Issue Price Rs. 750- 755 Per Equity Share
Market lots 19 Shares
Discount Rs 75/- (for Employees)
Listing At BSE, NSE

 


Elite-Kuber-Mutual-Fund-Promotional-Banner-img
Get All Your Mutual Fund Portfolio Retuns on your mobile, Download Elite Kuber App(*) indicates to be updated)

 


 

Important dates for SBI Cards & Payment Services Limited Allotment

SBI Cards & Payment Services Limited IPO allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced. Important Tantatives dates for IRCTC Limited IPO are:

  • The Allotment date for SBI Cards issue is expected on March 11, 2020
  • The amount will get unblocked on March 12, 2020
  • The Shares are expected to credit in DP accounts on March 12, 2020
  • The Shares of SBI Cards is likely to get listed on March 13, 2020 on both BSE and NSE.

 


Get Stock Market Recommendation By Our Research Analysts

Market-Research-Promotional-Banner-img5

 


 

Check SBI Cards IPO Allotment Status

SBI Cards allotment status would be available soon after the IPO closure date. Usually the allotment comes within a week from the closing date which in this IPO yet to be announced.

One can check the allotment on the given below link with PAN number or Application number or DP Client Id. All you need to do is to follow these steps:-

  1. To Check SBI Cards Allotment Status
  2. Go to Application Status
  3. Select IPO as SBI Cards
  4. Enter your PAN Number or Application Id or DP Client Id.

 

It takes little time to fetch information so you need to be little patient.

“SBI Cards & Payment Services Limited” IPO FAQs

SBI Cards FAQsclick here

Download “SBI Cards & Payment Services Limited” IPO Application Form

From NSE: click here

 


Open Your Demat Account to Invest in Upcoming IPO’s

fantastic-five-account


Promoters Of The Company:-

The State Bank of India.

 

Financials:- 

Financials:- (Restated Consolidated Financial Record)

Particulars For the year/Period ended (Rs. in Million)  
Financial Year 30-Sep-19 31-Mar-19 31-Mar-18 31-Mar-17
Total Equity & Liabilities 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
Total Expenses 36,426.23 59,552.35 44,508.47 28,994.15
Profit After Tax (PAT) 7,258.82 8,627.19 6,011.43 3,728.59

Lead Manager Details

1)Kotak Mahindra Capital Company Limited
1 st Floor, 27 BKC, Plot No. C – 27 “G” Block,
BandraKurla Complex Bandra (East),
Mumbai 400 051 Maharashtra, India
Telephone: +91 22 4336 0000
E-mail: sbicard.ipo@kotak.com
Investor Grievance
E-mail: kmccredressal@kotak.com
Website: www.investmentbank.kotak.com
Contact Person: Mr. Ganesh Rane
SEBI Registration No.: INM000008704

2)Axis Capital Limited Axis House,
Level 1 C-2 Wadia International Centre P. B. Marg, Worli,
Mumbai 400 025 Maharashtra, India
Telephone: +91 22 4325 2183
E-mail: sbicards.ipo@axiscap.in
Investor Grievance E-mail: complaints@axiscap.in
Website: www.axiscapital.co.in
Contact Person: Ms. SimranGadh
SEBI Registration No.: INM000012029

3)DSP Merrill Lynch Limited
Ground Floor, “A” Wing One BKC,
“G” Block BandraKurla Complex Bandra (East),
Mumbai 400 051 Maharashtra, India
Telephone: +91 22 6632 8000
E-mail: dg.sbicard_ipo@bofa.com
Investor Grievance E-mail: dg.india_merchantbanking@bofa.com
Website: www.ml-india.com
Contact Person: Mr. Ahmed Kolsawala
SEBI Registration No.: INM000011625

4)HSBC Securities and Capital Markets (India) Private Limited
52/60, Mahatma Gandhi Road,
Fort, Mumbai 400 001 Maharashtra, India
Telephone: +91 22 2268 5555
E-mail: sbicardipo@hsbc.co.in
Investor Grievance E-mail: investorgrievance@hsbc.co.in
Contact Person: Ms. Sanjana Maniar
SEBI Registration No.: INM000010353
Website: https://www.business.hsbc.co.in/engb/in/generic/ipo-open-offer-and-buyback

5)Nomura Financial Advisory and Securities (India) Private Limited
Ceejay House, Level 11,
Plot F Shivsagar Estate Dr. Annie Besant Road,
Worli Mumbai 400 018, Maharashtra, India
Telephone: +91 22 4037 4037
Email: sbicardipo@nomura.com
Investor grievance

e-mail: investorgrievances-in@nomura.com
Contact person: Mr. Vishal Kanjani/Mr. Sandeep Baid
SEBI Registration No.: INM000011419

Website:www.nomuraholdings.com/company/group/asia/india/index.html

6)SBI Capital Markets Limited* 202,
Market Tower ‘E’ Cuffe Parade,
Mumbai 400 005 Maharashtra, India
Telephone: +91 22 2217 8300
E-mail: sbicard.ipo@sbicaps.com
Investor Grievance E-mail: investor.relations@sbicaps.com
Website: www.sbicaps.com
Contact Person: Mr. SambitRath/ Mr. Karan Savardekar
SEBI Registration No.: INM000003531

Registrar To The Issue

Link Intime India Private Limited
C-101, 1st Floor,
247 Park LalBahadurShastri Marg,
Vikhroli (West) Mumbai – 400 083
Maharashtra, India
Telephone: +91 22 4918 6200
Email: sbicard.ipo@linkintime.co.in
Website: www.linkintime.co.in
Contact Person: Shanti Goplakrishnan
SEBI Registration No: INR000004058

Registered Office Details
Unit 401 & 402, 4th Floor,
Aggarwal Millennium Tower E-1,2,3,
NetajiSubhash Place, Wazirpur, New Delhi 110 034, India;
Tel: +91 (11) 6126 8100
Corporate Office: 2 nd Floor,
Tower-B, Infinity Towers, DLF Cyber City,
Block 2 Building 3, DLF Phase 2, Gurugram,
Haryana 122 002,
India; Tel: +91 (124) 458 9803
Contact Person: Ms. Payal Mittal Chhabra,
Company Secretary and Compliance Officer; Tel: +91 (124) 458 9803
E-mail: investor.relations@sbicard.com;
Website: www.sbicard.com

For More Details Contact us 011-42445800 / 9650901058

or


To Invest in IPO, Submit Your Details Below:

[contact-form-7 404 "Not Found"]