SBI Cards and Payment Services Ltd IPO Message Board (Page 120)

Telugu vara meeru.
Two different pan number accounts.
One one in retail and one in SH

2 Demat with 2 PAN
2 eligible for SH
4 lot to invest, Best combo? Any suggestions members would be very helpful.

Correct , but most people invest in IPO for listing gains and not for investement

Second i belive in India penitration of cards is poor and lot of potenetial to grown in future.Athlough all your concers are very geniune

since internet is not easily available and with data and telecom charges going up substantially, it is unlikely that mobile wallets will capture large market share in next 3 years. so i think it is a safe bet to go for it even as a portfolio pick.

Mobile wallet is loss making model, many already bankrupt (m-pesa, citrix, oxigenpay, mobikwik, freecharge), paytm on the way.

To load money in wallet we need credit card, wallet company has to pay 2 to 2.5% to credit card companies.

Mobile wallet allows to load money using saving account netbanking / UPI, but in india there is huge crowd who want to borrow money with free rate of interest for 40-50 days, and only credit card has this facility which no one going to replace.

Below few strong credit card points which mobile wallet never ever going to have.

- Free credit facility upto 50 days
- International transaction facility
- 10 to 20 % cashbacks
- Reward Points
- Large amount of transaction as per card limit (wallet allows only 10K per month)


PhonePe, GooglePe are UPI apps you should not call them mobile wallets becs they only transfer money from your saving account to merchant account.

So assuming that mobile wallets going to replace credit card is not 100% true. There is plenty of chance still left for credit cards to grow in india.

+ No cost EMI facility which CC offers.
Not sure how wallets going to give these options.

People who think credit card has no growth in future, they can skip this IPO :)

Excellent analysis by Medge. This is such a lovely forum. Thanks for kickstarting the discussion Ou Ai:)

If required, SBI card will introduce an app, if not introduced already. Many of our countrypersons consider SBI to be more trustworthy than private firms providing ewallet.

Corrected
7.5 lk fund available

Apply 1 lot each in RII for 8 demats

and apply for 13 lot in 3 SH demats

Yes I thought same
Thanks g kumar
One last thing
Will by bank accept all (retail & sh application physical form?)
All my accounts are in BOB

Go for Online ASBA if u can
ie. safest method

@Harit sir, why u sell ur application in gray?? Plz tell me your views regarding this IPO???

Dear Harit You are IPO Guru,So Why You Wants more Information regarding SCPSL Ipo ?

@small investor
I disclose early that I have no experience i.n SH category

हरित जी , मेरे विचार से अभी आप 4 मार्च तक कुछ न करें।जब तक सभी कुछ साफ हो जाएगा, उसके बाद शेयर होल्डर के एप्लाई करने पर विचार करना ,कितना और कैसे।
अभी सब्सक्राइब होने दिजिए ,फिर आँकडा अपने आप समझ आ जाएगा। आप स्वयं अनुभवी हैं।

If you have 8 demats.
Then why you not buy 1 shares in all accounts....
I don't think why you not buy..

@sonal patel
8 demates
5 family members
3 relatives(i don't think it it is wise to put tax burden on relatives )
Now
I kept 1 application open bcoz i can put 5-6 L If needed considering proportional allotment in SH

why bank will not accept 2 appplication one of retail and one of shareholder quota...both forms are different and they should accept it...hope bob software accepts same, as i have 10 demat account in which registered bank is bob. i always apply offline through asba....tomm i will confirm with bank.

Yes, you can

Bid from shareholder and retail category & Ref No : IE226821
From: sbicard.ipo on Mon, 24 Feb 2020 11:51:23 Add to address book
To: You & 1 other | See Details

Dear Investor,


An eligible SBI shareholder bidding in SBI shareholder reservation portion may also bid under net offer, subject to bid amount not exceeding Rs. 2,00,000 under SBI shareholder reservation portion.

if you want to apply for more than Rs. 200000 in SH or HNI then submit only one application otherwise both applications will be rejected.

As quoted in RHP
"Bids by SBI Shareholders in SBI Shareholders Reservation Portion (subject to Bid Amount being up to Rs 200,000) and in the Net Offer portion shall not be treated as multiple Bids. To clarify, 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."

From above, it looks, HNIs can apply in SH also (up to Rs 200,000) in addition to NII

Not reject ,you can apply from one account

Dear Sir,
If you apply two application forms with one PAN Number in any particular category, then both the application forms will be rejected. But if you apply in shareholder category along with the retail category, then they won't be treated as multiple application forms .