SBI Cards IPO

SBI Cards and Payment Services Limited IPO

SBI Card was launched in October 1998 by the State Bank of India and GE Capital. Incorporated as SBI Cards and Payment Services Private Limited (SBICPSL), SBI Card is headquartered in Gurgaon, Haryana.

In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in the Company. SBI holds 74% while Carlyle holds 26% in SBI Card.

The legal name of SBI Card was changed on 20 August ’19, from SBI Cards and Payment Services Private Limited to SBI Cards and Payment Services Limited, on account of its conversion from a “Private Limited” company to a “Public Limited” company.

The aim of the SBI Card is to offer Indian consumers access to a wide range of world-class, value-added payment products and services. Our endeavor is to simplify the lives of our customers, employees and other important stakeholders.

SBI Card provide innovative products and services.

Within a short span of 10 months, we achieved a credit card customer base of 1 lakh. We entered the ‘1Million Card Club’ in 2002 and crossed the 2 million card base in 2005.

Today, with over 9 million credit card customers, we are the second-largest credit card issuer in the country.

The journey SBI Card

In a span of 20 years, SBI Card achieved numerous milestones. The company significantly increased its card base, added new types of cards and received various awards and recognition for its performance, quality, and service.

 

Strength of SBI Cards

1) SBI Cards and Payment Services Limited is the 2nd largest credit card provider in the country behind leader HDFC Bank, with a card base of over 9 million.

2) SBI Cards has offices in over 130 cities in India.

3) It has an extensive product portfolio, which includes premium, classic, travel & shopping, exclusive and corporate cards, to cater to both individual and corporate needs.

4) The dedicated and customer-oriented approach of SBI Card has won various industry accolades for customer service, branding, product innovation, and marketing.

SBI Cards IPO Details

IPO Opens on:  

IPO Closes on: 

Price Band:  Rs  per share

Bid Lot: 20 shares and in multiples of 20 shares

Maximum Price: Rs 

Fresh issue: Rs Cr

Offer for Sale: Rs 

IPO Size: Rs 9500 Cr (Approx)

Retail & Employees Discount: Rs 0 per share

SBI Cards IPO Time Line

Finalisation of Allotment:  

Initiation of Refunds: 

Transfer of Shares to Demat Account: 

Listing At: NSE & BSE

Listing Date: 

Financial Performance of (in Crores) SBI Cards

FY2018 FY2019 H1 FY2020
Total Revenue 5,370.2 7,286.8 4,677.2
Total Expense 4,450.8 5,955.2 3,642.6
Net Income 599.3 859.6 727.0
Net margin (%) 11.2 11.8 15.5

SBI Cards IPO Valuations

Face Value = Rs 10

Earnings Per Share (EPS) = Rs 

PE Ratio = 0 (Approx)

Return on Net Worth (RONW) = %

Net Asset Value = Rs /Share

SBI Cards IPO Subscription Details

Category Shares offered Subscription (no. of times, at 6 pm)
Day 1 Day 2 Day 3

QIB

NII
Retail
Employee
Total

Grey Market Premium of SBI Cards IPO Day by Day

Grey market premium as on 17-01-2020 = Rs. 250-260/Share

Grey market premium as on 16-01-2020 = Rs. 250-260/Share

Grey market premium as on 15-01-2020 = Rs. 250-260/Share

Grey market premium as on 14-01-2020 = Rs. 250-260/Share

Grey market premium as on 13-01-2020 = Rs. 250-260/Share

Grey market premium as on 12-01-2020 = Rs. 240-250/Share

Grey market premium as on 11-01-2020 = Rs. 230-240/Share

Grey market premium as on 10-01-2020 = Rs. 230-240/Share

Grey market premium as on 09-01-2020 = Rs. 230-240/Share

Grey market premium as on 08-01-2020 = Rs. 210-220/Share

Grey market premium as on 07-01-2020 = Rs. 210-220/Share

Grey market premium as on 06-01-2020 = Rs. 210-220/Share

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