SBI Cards and Payment Services Ltd IPO Message Board (Page 114)

Kya kotak app me se mein 5 online apply kar sakta hu?

हा

Third Party ASBA ... APPLICATION will be rejected...don't apply in 5 account s using single bank account... Confirm from link in time before doing that...No one like to rejected there application..call link in time

So much of confusion among investors regarding sh category. Lots of if's & but's in applying in various categories, i afraid these will lead to many technical rejection

Share holder quota se ipo kaise bharte hain...sbi asba se pls explain ??????

Madam if you apply using net banking u have to select option shareholder. If you want to apply retail category also apply once again this time select option retail. U can apply upto Rs 2 lakh. Don't know if you can apply above 2 lakh or not.

जहाँ पर individual आता है ,drop down करने पर shareholder आएगा।

Shareholder's Category reserved for Individuals & Hufs only,
Corporate can't apply in the category.
Secondly one can apply both Retail and Shareholders Retail but can't do Shareholders HNI along with Normal Quota applications

@Quality नही,शेयर होल्डर कैटेगरी मे अलाटमेंट का तरीका अलग है। इसमे सभी लोग समान है ,सीधे सीधे समझीये अधिक एप्लाई करने पर अधिक सम्भावना।क्योंकि सभी शेयर होल्डर समान है और एक शेयर होल्डर अधिकतम पूरे कोटे की एप्लीकेशन लगा सकता है।

@investormahesh ... my apologies for coming back to the same subject once again. If what MITTAL has reproduced in English in the thread 1042.2 is from the RHP, then it sounds same as HDFC AMC IPO. Could you please dwell on the same a bit deeper.

@investormahesh ... sorry 1044.2

I have assisted over 50+ Investors for this IPO in last 36 Hrs.
This IPO will bring in Record No of New Investors in the Market.

Many New Dmat accounts opening for SBI Card IPO..
Amazing

Mittalji share holder quota ka options sbi Asba me kaha per aayega..........

Sbi Asba se ipo fill kare to kya uti no lagta hai.pls explain ??¿??

No. It's too easy .

Any member from Delhi?
Which branch of kotak mohindra bank accept asba form( physical) .I m unable to find any contact number of depository branch

What is the chance of get firm allotment in retail nd share holder category ?? Plz reply so that people can sell their application in grey market.plz reply.

Any buyer here for Kostak 6 applications. SBI cards IPO.

Respected all experts and seniors, is it right decision to sell IPO alloted shares hdfclife, bandhan bank, affle, a u small finance to apply in mega sbi card ipo in 7 demat (RI +SH) and 2 dekar(RI only)? I would like to apply with full throttle. Pl advise. Regards

Sir, share holder quota me proportionate allotment ka kya meaning hota hai ?
Mere pas 6 a/c shares holder category k hai,
Aur sabhi me 2 lots ( 38 shares) apply karna chahta hu , to isme allotment k chances kitne rahenge? Please guide me

.The allotment of Equity Shares to applicants other than to the Retail Individual Investors and Anchor Investors
shall be on a proportionate basis within the respective investor categories and the number of securities allotted
shall be rounded off to the nearest ......
nteger, subject to minimum allotment being equal to the minimum application
size as determined and disclosed.....???..what's meaning of ,"""" subject to minimum allotment being equal to the minimum application
size as determined and disclosed.....???

Hi all
I have query as in I have Dement account in zerodha and icici sec , i have purchased share of shining serieus can I apply through icici sec for SH category of SBI cards? Pls guide

You have SBI shares?On or before 18 feb 2020

SBI card & Payment Services Ltd. IPO:

SBI shareholder category reserved portion is Rs.985 Cr (10%) and HNI category reserved portion is Rs.1385 Cr (15%)

If we analyse the subscription figures of HNI in last 3 top performers IPO as follows:

IRCTC:-
IPO size - 645 Cr & HNI quota - 96 cr
HNI subscription 355X so approx 34K cr applied

HDFC AMC:-
IPO size - 2800 Cr & HNI quota - 365 cr
HNI subscription 195X so approx 71K cr applied

DMart:-
IPO size - 1870 Cr & HNI quota - 284 cr
HNI subscription 278X so approx 79K cr applied

If we assume total HNI quota in SBI card is 2370 cr (1385 cr + 985 cr of shareholder quota may be assumed as mini HNI quota).
So in case of even 34K cr applied by HNI it will subscribed 14X....
And if shareholder category subscribed more than 14X.... none of the retailer will get allotment in shareholder quota even applying 13 lot (2 lakh appl) as allotment will be on proportionately in shareholder category.

In short.... this IPO totally changed the scenario of shareholder category.... few days back.... every retailers wants to be SBI shareholder.... and now things are changed....

Now, what should be the strategy for shareholder category......????????
I too.... thinking about applying 8 lakh hni application in my account and one lot each in retail in 3 family members account instead of applying 2 lakh shareholder & 1 lot retail each in all 4 accounts or something else....????????????????

Experts comments please......

Sajjan brother let us say shareholder category is oversubscribed 10 times. if u applied for one lot u will get one lot (probability 10%) or nil (probability 90%) decided through lottery. if u applied for 5 lots u will get one lot (probability 50%) or nil (probability 50%) decided through lottery. if u apply for less than 10 lots your allotment will depend upon lottery. if u apply for at least 10 lots then allotment will be firm without lottery. if u apply for 10 lots u will get one lot. if u apply for 11 lots u will get about 21 shares. if u apply for 20 lots u will get 2 lots. Same methodology for NII category. If shareholder category is oversubscribed 22 times and u apply for 22 lots then u will get one lot confirm allotment.

Sajjan brother let us say shareholder category is oversubscribed 14 times. if u applied for 13 lots u will get one lot (probability about 93% ) or nil (probability about 7%) decided through lottery.

Important Clarification

Please note an eligible SBI shareholder bidding in SBI shareholder reservation portion (subject to bid amount not exceeding Rs 2,00,000 under SBI shareholder reservation portion) may also bid under net offer i.e. either in Retail Individual Bidders Portion for upto Rs 200,000 OR in Non-Institutional Bidders Portion such that the Bid Amount exceeds Rs 200,000 but not exceeding the size of the Net Offer (excluding QIB portion), subject to applicable limits.

An SBI Shareholders bidding in the SBI Shareholders Reservation Portion above Rs 200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids.

So, as per your understanding, HNI and QIB will not apply in SBI shareholder's category...please confirm

Dear sir,
As per GID for investing in public offers, available with RHP zip file.

Please go through the section 5.5 2 GROUNDS FOR TECHNICAL REJECTIONS, sub section "S " states that, SUBMISSION OF BID CUM APPLICATION FORMS/APPLICATION FORM USING THIRD PARTY UPI UD OR ASBA bank account(page 32).

So, no third party allowed even in ASBA.

- SBI Cards IPO

Lots of fancy talk is going on and investors are very excited about this IPO. Investors believed good earning in near future.

No peers available in India to compare. In foreign countries it is hard to compare apple to apple. I tried my best to do some research.


Some of my concerns:
- Asking price is very high. Asking price is about 45 times of EPS.
If we compare with major parent companies VISA, MASTER, AMERICANEX, DISCOVER then they are available at P/E from 15 to 38. These companies have monopoly in cards business. Anyone wants to issue card (credit or debit) then they needs to go with these parent companies.
If we compare with major world banks or financial institutes BofA, JP Morgan CHASE, Citi, CapitalOne, Barklays who are in credit card business then they are available at P/E from 8 to 15.

- Issue is very big. Enough stock is available for trading on listing day.

- FII knows credit card business from world and other world peers are available at low price.

- Credit card business is risky. SBI cards growth is very high. Very high risk. Chances are more to get defaulters.

- Only dependency on DII after listing.

- Grey market premium looks very high.

Conclusion:

- Apply with your own money. Don't get external finance. Don't expect much listing gain. Apply one lot in retail category. Chances are more in retail category.

Merchants are not preferring both amex and discover
Reason is discover network is poor
Amex transaction charges are around 4 to 5 % + transaction settlement time is double than visa and MasterCard.
So these two companies customer base is very much low

Kudos to Uchit Sir. Thank you very much.

Your prediction is right for this ipo. I don't know it is because of corona effect or your advice I saved my money by not applying this ipo.

Though gmp of more than 300 but you advised gmp is very high.
You gave very good comparison of international peers. Your prediction of enough stock is available on listing day because of huge ipo is right.

We need seniors like you in this group for good guidance.