SBI Cards and Payment Services Ltd IPO Message Board (Page 102)

GMP 280-285.......KOSAK 2800-2900... SUBJECTED TO 5000....

Gmp never gone down below 260 ....

Sbi card ipo atleast 60% gain in opening bell. Apply from full force. I apply with 23 demat acc in which 2 acc sbi employee

For applying in retail category along with shareholders category, we'll be required to place another ASBA request?
Hence.. Shareholder application - Rs. 14345
Retail application - 14060
Total - 28405
Is this correct?

No discount for RIi

Both SH and RII application amount is same if you are planning to apply 1 lot in each

Yes you have to submit two ASBA application for two categories

How can hni categary over subscribed about 128 time reply eagle eye? I think there is maximum fund come in D mart ipo that is 78lakh crore??wt is ur calculaton?plz tell coz I want to apply in hni categary nd all brokers estimate are about 60 to 70 times...reply eagle eye

You have time till 5th march, decide on last day after watching QIB 4th march numbers.

Sgx nifty + 128 point..
So don't worry..

Today all markets will b in recovery mode

Will premium sustain till listing or for few day after listing? Will history repeat same as RPOWER story??

The main Airlines across the world had given unpaid leaves to their employees and the real effect of Corona would be seen in the coming days. At the time of listing of SBI card , what would be situation is very difficult to predict. Hence one may apply the issue ,considering all unpredictable things, which would affect the global market.

My friend sbi bank employee. Can I apply my sbi bank account employees category..?? My friends Demat and pan Beneficiary add my bank account..

Hi everyone ....????️
What is opinion abt SBI card ipo should subscribe today or wait for last day ...
Reply only expert...
Thanks in advance..????????

Wait for the last day

Wait.
You are getting 1 extra day to apply. Watch for QIB response..

रिलायंस पावर का आईपीओ 11,560 करोड़ रुपये का था, जो 15 से 18 जनवरी 2008 के दौरान 70 गुना तक सब्सक्राइब हुआ था. इसके पहले ही कुछ मिनटों में 100 फीसदी सब्सक्रिप्शन मिल गया था. पहले दिन इसे 10 गुना तक सब्सक्राइब किया गया था. सभी श्रेणियों को मिलाकर 5 करोड़ बोली लगी थी.
This one is better and bigger than reliance power..

I have 1 Share in SBI which i bought in Dec19, can i apply in the share holder category.

Yes you can apply

To calculate the amount of 2 lac. Should we add value of both category (Retail+ shareholder) or individually it is 2 lac for each category. Please clear the doubt.

It is individually Rs 2 lac each.

Hi
I have 2 Demat accounts.
I have SBI Shares in Demat 1.
Can I apply for SBI card IPO with SH category in Demat 2. ?
I want to apply Demat 2 because my Demat 2 broker charges less brokerage

How can you apply .You have shares in demat1,
You want apply in demat2.
Simply application rejects.

.....
Apply simply in which demat account you have shares in that only apply.

Even in cnbc awaaz program i listen that for retail category in sbi card ipo upi application is mandatory too much confusion please i need genuine source of information, please someone with good knowledge reply.

.
SBI Cards IPO -

*SEBI approval received on 11th February 2020*

*Now serious efforts at the highest levels are being made to OPEN the IPO within February*

Schedule *(Tentative)*

25th Feb - Announcement of Price Band
27th Feb - Anchor Investors Allotment
28th Feb - Offer Opens
03rd Mar - Offer Closes
06th Mar - Finalisation of Basis of Allotment
09th Mar - Unblocking of ASBA Accounts
11th Mar - Credit of Equity Shares to Depository Accounts
12th Mar - Commencement of Trading on NSE/BSE


SBI Cards IPO - Issue Information *(Tentative)*

Issue Opens on: 28 February 2020
Issue Closes on: 03 March 2020
Issue Type: Book Built Issue IPO
Issue Size: 13,71,49,315 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.750 - Rs.755 per Share *(Tentative)*
Discount: Rs.15/- (for Employees)
Market Lot: 19 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 93,23,34,278 Shares
Employee Reservation of 18,64,669 Shares @740/- = Rs.137.99Crs (after discount of Rs.15/-)
SBI Shareholders Reservation of 1,30,52,680 Shares @755/- = Rs.985.48 Crs (Discount - NIL)
Net Offer for Sale of 11,56,09,450 @755/- = Rs.8,728.51Crs
Fresh Issue of 66,22,516 @755/- = Rs.500.00Crs
Equity Shares outstanding after the Issue = 93,89,56,765 Shares

Category-wise Break up:
Anchor - 3,66,69,590 Shares = 2,768.55Crs
QIB - 2,44,46,393 Shares = 1,845.70Crs
NII - 1,83,34,795 Shares = 1,384.28Crs
RII - 4,27,81,188 Shares = 3,229.98Crs (Lot size: 19 = 22,51,641 Forms)
SBI Shareholders - 1,30,52,680 Shares = 985.48Crs
Empl. Quota - 18,64,669 Shares = 137.99Crs (@740 per Share)
Total Issue - 13,71,49,315 Shares = 10,351.98Crs.

Subscription required for 1X
RII = 22,51,641 Forms
NII = 1,384.28Crs
SH = 985.48Crs


SBI Cards IPO - Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.4.75 (Page #93 of DRHP)
EPS for FY17-18 >>> Rs.7.40 (Page #93 of DRHP)
EPS for FY18-19 >>> Rs.9.43 (Page #93 of DRHP)
EPS for H119-20 >>> Rs.7.79 (Page #93 of DRHP)

RoNW for FY16-17 >>> 26.00% (Page #94 of DRHP)
RoNW for FY17-18 >>> 25.00% (Page #94 of DRHP)
RoNW for FY18-19 >>> 24.00% (Page #94 of DRHP)
RoNW for H119-20 >>> 17.00% (Page #94 of DRHP)

NAV as on September 30, 2019 was Rs.46.99 (Page #94 of DRHP)

Listed Industry Peer Group (Page #94 of DRHP): NONE


SBI Cards IPO - *Market's Current Estimates of oversubscription*:

RII = 35.00L Forms = 1.55X Applic. wise (Avg allotment of ~12.22 shares per lot)
NII = 178.5K Crs. = ~128.95X
SH = 127.0K Crs. = ~128.87X

Interest cost *@15.00%p.a.* for 7days = 217.19paise for 1X

Thus, for NII the costing = 128.95 X 217.19paise = Rs.280.06 per share (= GMP)

And, for RII the costing = 12.22 X 280.06 = Rs. ~3,423/- (= Kostak)

Thus, for SH the costing = 128.87 X 217.19paise = Rs.280.06per share (= GMP)

SBI Cards IPO - *GMP Estimated*
GMP 280 +/- 2
Kostak 3,425/- +/- 50



SBI Cards IPO - *Breakeven / Justification of the current GMP*

Assuming:

1)      The issue size to be of *Rs.10,352 Crs*
And
2)      A stupendous demand for leverage, will allow the NBFCs to make hay while the sun shines, and giving them the opportunity to charge a higher rate of interest of *15%pa for 7 days*


In that case:

A)      The NII category size will be Rs.1,384Cr and the interest cost will be *Rs.280/-* ... only if NII category receives appllications worth approximately *Rs.1.785L Crs.*

Additionally,

B)      The SBI Shareholder category size will be Rs.986Cr. and the interest cost will be *Rs.280/-* ... only if SBI Shareholder category receives appllications worth approximately *Rs.1.27L Crs.*


To my mind these numbers look insane, and hence the current GMP of Rs.280/- beats all sense of logic from this point of view.

However, the collective wisdom of the market is supreme. Hence, shall be interesting to watch how the Grey Market Premium moves over the next 3-4 weeks


SBI Cards IPO - *Ultimate Beneficiaries of the IPO proceeds*


Fresh Issue is only of Rs.500Crs. (Money to be received by SBI Cards and Payment Services)

And the Offer for Sale is of 130,526,798 Equity Shares

Out of which:
A)      SBI is selling 37,293,371 Equity Shares (Money to be received by SBI Bank ~Rs.2,816Crs)
B)      CA Rover Holdings is selling 93,233,427 Equity Shares (Money to be received by an entity ultimately controlled by the *Carlyle Group* ~Rs.7,039Crs)

So it is definitely not an IPO by the Government of India. However, please note the *largest beneficiary of the proceeds of this IPO will be an American Private Equity Fund*.

Now give a moment to introspect, would a capitalist fund manager leave an *unreasonable* amount on the table for the IPO investors?

@eagleye what is expectations for employees subscription?

Dear Eagleye,
this situtation SBI Cards IPO Apply or Not ?

Just received the msg that Israel found the vaccine for coronavirus this will be a positive sign for all the markets....great news actualy

I have 1 lakh shares of SBI since June 2018 , am i eligible for apply 5 crore approx in shareholder category ?? please guide me

Satish huda ji
I think u used 5 cr investment finance for ipo for hni share holder category and will get sbi card shares to the tune of Rs 20 lakhs say 2670 no share. Costing u a cost of rs 166670 / for 8 days interest cost at rate of 15 percent per Annum. Which comes to Rs 62.5p paisa per share. U can book the profit by keeping the stoploss of 65. Evrybody wants to sail the financial share. Beware of market volatility.

@rvr , when you couldn't make Rs. 10000 from market in your whole life...i can understand your jealousness with me.

Its open forum , i have full right to say it. I dont required your permission ok.

Some people posted too much msg..
I don't know why..
Bcoz you know
For New member tags or some different tags
Tags is dosen't matter if you post good massages..
Sometimes this msg irritating all..

I know after post this msg..
Many people posted bad comments for me..
But this is truth.

243/247 ????

1st March 11:05 P.M

GMP : 250/255

Kostak : 3300

Pardip ji bhut hi fast true gmp updation de rahe h