SBI Cards and Payment Services Ltd IPO Message Board (Page 125)

If SH category subscribed more than 300 times no retail investor will get even a single share

I have 20 demats (out which 10 r eligible for SH )

Total fund i can invest 12 lac


plz advice for best lots to apply in which catgry n how mch


Thnak u :)

Single in retail and rest equally divide apply in SH.

I guess no point in applying shareholder , just apply one each In RII and if you really have good amount just put in NII coz it's proportional atleast you get something rather than nothing in shareholder/RII

350 buyer tone sbi card

This message has been removed by a moderator.

Proportionate allotment in share holders quota is already mentioned in RHP. Now it's final and could not be charged by our emails or requests.
So don't waist your time. Misuse of share holders quota is discouraged by this proportionate allotment. You buy 1 share and want to get one lot in share holders quota.

@Nandkishor, I bought 10

Sir as per the sbi card rhp

Shareholder get proportion allotment and also one can bid whole shareholder portion in 1 application if he only bid in shareholder category.

Sir
This is looks like mini hni.

Sir
It's looks like cheating with retail shareholder

Sir if possible then kindly change this to save retail shareholder.

If not possible minimum allotment then please give maximum bid up to 2 lac for all


It's a request


Kindly mail this to all mail address which is on page no.1 in rhp

Because retail shareholder getting 0 allotment in shareholder category due to hni participate.

And no limit for bid size

If so much mail send to them then may be they correct shareholder category allotment basis and also limit up to 2 lac maximum.

Kindly mail to this address.

sbicard.ipo@linkintime.co.in
investor.relations@sbicaps.com
investorgrievances-in@nomura.com
sbicard.ipo@kotak.com
dg.india_merchantbanking@bofa.com
investor.relations@sbicard.com

Bhaivpehle email id sahi dal do,. Com vala koi email id nahi hota

यह नियम नया नही है।मात्र 2-3 दिन पहले इस प्रकार के नियम नही बदलते।यह SEBI. के अधिकार क्षेत्र मे आता है।शेयर होल्डर एक कैटेगरी है ,अतः उसमे किसी प्रकार का भेद नही कर सकते ,सभी शेयर होल्डर के लिए नियम एक ही होगा। ऐसा मेरा विचार है कि इस नियम मे परिवर्तन सम्भव नही है।

If retail category may get more than one lot allotment on application of 2 lacs

SBI cards & payment services Ltd.
GMP 314-317 as on 21 February @ 6pm.
Nice to see improvement in Grey.
Hope for Constant Grey till IPO Opens

Can i apply for 2 application under one demat account, one in retail portion second in shareholder category

Yes you can

@stkanlyst
The purpose of my post was not to suggest anyone to avoid this IPO but to just alert on the fundamental issue of over valuation and also irresponsible attitude on the part of promoters to fetch as high price as possible.
Even then, It may give you listing benefit as grey market movement suggests.
So don't take such early decision and decide after seeing subscription.
All the best.

SBI card & Payment Services Ltd. IPO:
Some important facts:

The equity share capital of the company as on the date of filing the DRHP is 93.23 Cr shares of Rs 10 each. 74% of this or 68.99 Cr shares is held by SBI & 26% or 24.24 Cr shares by CA Rover Holdings (an affiliate of the Carlyle Group).

Carlyle Group entered the business in 2017 by buying out stake of GE Capital, who had been associated with SBI since 1998.

Below is how the shareholding has changed over the last 2-3 years

In early 2017 SBI was holding 60% stake (47.1 cr shares) & GE Capital holding 40% stake (31.4 cr shares).

GE Capital's stake sale was bought by both SBI and CA Rover. CA Rover paid Rs 2,000 Cr for its 26% stake, valuing the company at Rs 7,700 Cr at that point. 10.99 cr shares bought by SBI & 20.41 cr shares bought by CA Rover out of 31.4 cr shares of GE Capital @ Rs.80.58 per share in mid 2017.

In July 2018, 3.864 cr shares issued to SBI & 1.357 cr shares issued to CA Rover @ Rs.90 per share in right issue.

In July 2019, 7.038 cr shares issued to SBI & 2.472 cr shares issued to CA Rover on Amalgamation of SBI Business Process Management Services Pvt. Ltd. in SBI Card.

SBI will sell 3.72 Cr shares or 4% and CA Rover 9.32 Cr shares or 10%. It is estimated that the 14% stake sale will fetch Rs.10,000 Cr. This pegs the value of the company @ 70,000 Cr.
At these valuations CA Rovers stake will be valued at about 18,000 Cr. It will make 9X return on its investments in just 2-3 years.

The fresh issue of shares is 500 Cr, these will be used to strengthen the company's capital base and ensure its compliance with RBI directives. SBI Cards is registered as NBFC-ND-SI (non banking finance company - systemically important non deposit taking company).

I am also waiting for this much awaited IPO & not criticising the issue but think..... how the Foreign PE firms make money from India. We know the growth potential & bright future of the company but why they are asking such huge premium instead of putting some for investors.....

And one more thing about shareholder category which increases SBI shareholders 50 to 60% in hope for allotment by retail investors but after reading rhp.... it is clear that allotment in shareholder category will be on proportionat basis so no benefit for retail investors. But don't worry..... i think everyone will get atleast one lot due to big size of IPO. so all the best.????????????????

I fully agree with your opinion. Promoters are making unjustified profit i.e from Rs.90 in 2018 to Rs.750 in 2020 - 8 times in 2 years on their aquisition cost.
Also as per valuation parameters, IPO is extremely expensive i.e. P/E of 47 and P/B of 13.
Since there is too much fancy about this IPO and a good Company IPO is coming after long time, it may easily go through but not much is left for the investors and it is important to see how it performs after listing.

This is so informative to all. What has changed in 2 years that the valuation has increased 10 fold. I am sure this is a bubble out to burst. I had plans to invest huge but after seeing this over valuation I am going to give it a miss. This doesnt deserve price beyond 200.

Please sale in grey if someone pay you premium above RS.3200/3500 per application. Don't be greedy ..it's a big IPO and based on past history out of 10 big IPO 7 fails to give return on listing due to huge selling pressure on listing day by retailers..and don't forgot it's a govt company and credit card image of SBI is not good in market..it's your money be smart in advance..

Mr trump it is not govt company it is a private company. Because done fund company there.

आप कह रहे हैं कि 10 मे से 7 इश्यू फेल हुए ,मै कहता हूँ 3 चले वह भी तुफानी चाल से । यह भी चलेगा निश्चित रूप से कारण है,एक नही कई कारण हैं, पहला तो यह काफी है कि पिछले तीन महीने मे बाजार के ऊतार चढाव मे भी GMP कम नही हुआ,ऐसा कभी नही हुआ। जो ताकत 3महीने से बिना भाव खुले प्रिमियम बना रही है ,उसकी ताकत सोच कर देखे,आप और मै अधिकांश लोग बिकवाल होते हैं, वह लगातार खरीदार बना
हुआ है। बाजार एवं व्यापार का ढंग बदला है,यह FII एवं DII का फैन्सी रहने वाला है।एक और कारण IRCTC के बाद लोग बेचने मे जल्दबाजी नही करेंगे।लोगों के उत्साह को देखते हुए श्याद अलाटमेंट भी अच्छी न मिले। शेयर होल्डर कोटे मे विशेष रूप से ऐसा लग रहा है। बाकी तेल देखो तेल की धार देखो। शेयर बाजार को कोई नही पढ सकता।

Sbi cards ,in future it may cross sbi market capitalisation.
Future nifty stock. One must add this stock as portfolio stock long term

Different persons are giving different views so Administration or experts may kindly reply. In retail category attempt is made to first allot one lot to every applicant. Will such arrangement be there for applicants of shareholder category in this IPO? Please quote page number of RHP where this information is available.

I don't have ASBA or UPI
Should I fill up offline form and submit to bank
Is this way is possible ?

GMP 320-325

Since allotment in shareholder category will be on proportionately basis..whether it is feasible to apply entire150000 (if someone has this amount to invest) amount in single application rather to apply in 10 different account

Seems to be logical. For getting the full benefit of 10 accounts in sh category one should have around 20 Lacs

Can anyone answer? How may RII and SH accounts are there in total ?

Will the allotment in SH category be in the multiple of one share based on proportionate basis or minimum allotment will be one lot on proportionate basis plus lottery.?

1 share X on proportionate basis only in sh category

How many application I apply?
In sbi online asba

You can apply up to 5 Applications

This is very big issue and likely to allot for everyone.

Allotment Tough

Grey 340/345