SBI Cards and Payment Services Ltd IPO Message Board (Page 121)

Can anyone answer the following. It will be more useful for all the small scale investors.
NOTE: I have only 60000 rs (Max 4 Lots money) to invest, have demat account, SBI Shares - 10 Nos and have ASBA facility- federal bank
As per the above Note please answer the following
1. Which is the best category to apply to get subscription - Shareholder/ RII
2. If the answer for the above is apply in Both category . Then A) can i apply through ASBA for both with above mentioned account (federal bank) B) Is it separate application Number for both
3. What is your opinion on applying in 2 lot in Share holder and 2 in RII

Thanks. Awaiting for valuable reply

If you are applying for 4 lots, make it 1+3 lots in RII & SH

@ ugreeve - Yes you are right. Have only 1 dmat a/c. Can we apply 2 lots in 2 application.(Each lot.. each application. is it possible ???

SBI CARDS & PAYMENTS SERVICES LIMITED IPO
GREY MARKET PREMIUM 326 - 329 AS ON 24 FEB 2020 @ 11:00 AM (STRONG BUY)
SUBJECT TO SAUDA 5850 - 5950
KOSTAK PRICE 4250 - 4350

SBI Cards GMP 317 - 320

KOSTAK PRICE 4250 - 4350

@Vinod Sir - Is that kostak also applicable for shareholder category?

Asba online 5 application one a/c valid or invalid.Please answer.Tnks.

What is the book value of SBI Cards as on 31st March 2019 OR 31st Dec 2019?

Dear All, Experts Need some Details,

1. If subscription more that 1 times in Retail quota ( eg:app Wise ` 3 times ), If we apply 2 lakhs in retail quota, will get more shares or only 1 lot on lottery basis?
2. Expected subscription figures in all category.
3 shall i use in same ASBA (3 in 1 acct) for both category .

Is there any kostak price for shareholder category?

Gmp 340-345..... Application RS 4100

How can i sell my application

In which category chances of allotment is more?
Retail category with 12-13 lots with different pan numbers OR 1 lot in HNI? Please confirm...

Still don't understand whether HNI will choose the NII option or SH category to apply in this ipo. In case max HNI try thru SH category, nothing would be left for retail investors of SH category.

If they apply for full 13 lots

HNI will also keep in mind that minimum 15% of issue is quota for NII whereas for Shareholders quota is approx. 10% of issue size.

Only apply in Share Holder category more than 2 lakhs or only apply in retail category - which is more better for get allotment?
Give expert advice.

apply 1 lot in RII

and max in SH Upto 13 lot

Thank you

While I do not say that there could lesser gains. My understanding is different:
With EPS of 12.93 and expected price band of Rs.750 - 775, it would command a PE of approximately 60. Moving up from there on a medium to long term basis seems limited.
Moreover there are lots of SBI SH's now and they would be applying in this category and most of them would be there in the market for listing gains and hence could have a roller coaster ride.
With these facts in mind, I do not see too much wisdom in investing in SBI Cards for medium to long term till we see consistent performance for couple of quarters.

When I am supposed to get an email mentioning that, I am eligible as a shareholder of SBI

To my understanding SH is only applicable to retail shareholders. Not applicable for HNI. Please correct if I am wrong.

"Please correct"

HNI can also apply for Share Holder's Portion for amount more than 2 lac but can't apply second application either as RII or NII while RII can apply through 2 application but less than 2 lac each.

Employees can apply through 3 applications, as Employee, as SH and also as RII but all 3 less than 2lac each.

Can i apply in SBI card IPO more than one ASBA forms of different account holder through ASBA facility available in bank of baroda net banking portal ?

Must be different pan numbers,

I am holding 1 share of SBI Bank in my demat account since January 2020 which has been specifically bought to make myself eligible for SBI Card IPO under shareholders category.

But no email has been received by me from SBI, confirming my eligibility as being stated in few of the messages on this board.

Where to communicate to get the confirmation of my eligibility❓

Is it essential to get such e-mail to be eligible❓

Please guide experts what should I do❓

@Ar shams,
It is not necessary to receive Email. I hadn't received any Email for ujjivan Small finance bank even though I was holding ujjivan finance. I applied in SH category in ujjivan and got allotment.
So don't worry if you don't receive any email,then also you can apply in SH category, provided you hold SBI share on 18/2/2020 in your demat.

Hope it helps????????????

Dear Sharvam, thanks. Definitely it adds to my confidence.

As per point no. 9 - page 415 of RHP, it is written that - "Do not Bid at Cut-off Price (for Bids by QIBs, Non-Institutional Bidders and SBI Shareholders Bidding more than Rs 200,000)". So eligible SBI shareholders bidding for more than 2,00,000 shall need to bid for a price higher than cut off price. Am i correct ?

'Cur Off' price is meant for Retail investors (applying 200,000/- or less). Since there is price band given, others have to bid for a price in between them for "price discovery". None can be bid above price band.

For SBI Card.. IPO, be assured this shall be on highest price band.

Experts kindly reply
If I apply in shareholder category under 2 lakhs that is 13 lots and from same PAN no. I will apply 1 lot in retail category. Would that be OK?
Or should I increase or decrease in both?
Please reply

no problem in that u can apply
dont apply 14 lot

aplly 13 in SH
and 1 in RII

sbi cards me share holder me koi b ek jan puri limit apply kar sakta he.. Ye jo faltu chij ki he .. iska protest hona chahia... matlab sala retail kuch kamaye hi na.. achhe ipo wese b nahi lagte, koi transperancy to wese b nhi hoti allotment me..upar se ab ye rasta b bandh kar dete he

Five lakh shareholder add hue hai jo sirf 1 share buy kiye h....

If I have apply sbi share holder category near by 199000 amount and Retail category 199000 amount it is valid. Please give advice

Yes you can apply if 755 is upper price then you chance to apply 13 lots each that is186485(755×19×13) ×2= in both category 372970

No point in applying more than 1 lot if subscription is more than 1 times application wise. Keep checking