SBI Cards and Payment Services Ltd IPO Message Board (Page 135)

Gmp 285-290.... application 3700 subjected to 4300

GMP on 12 Feb 2020

GMP: Rs 285/290 (all around buy)
Application: Rs 3500/3600
Subject to Rates : Rs 4100 (No trades)

Finally IPO date confirmed first week of March

Yet not confirm.

SBI Cards IPO

SEBI has only granted an "in principle approval" ... this is an internal milestone ... the formal *SEBI Card* has not been issued as yet ... SBICards has to file the restated financials (which they are ready with) ... only after SEBI sees that will they issue the *"SEBI Card"* (which is the final approval) ... after which the RHP can be printed ... and the dates etc can be confirmed

Plz any one guide me. I have two demat acc in different companies with same PAN and bank. Can i eligible to apply ipo in both accounts.

As per my understanding you can apply in both categories limited to Rs 2 lacs. However if you wish ti apply more than 2 lacs in Shareholder category the one application only as a application of more than 2 lacs in shareholder category will make you HNI. Employees can apply for Rs 5 lacs in Employee quota but remain retail investor for other category.

You can apply from both accounts, but not for same category
For eg.
From one account application in retail category & from another account application in shareholder category.

But if you apply same category application from both accounts then your both applications will be rejected.

Two different valuation of SBI Card IPO in media. Moneycontrol says SBI Card IPO is of 5500-6000 crore IPO size. while ET gives a figure of 9000 crore size IPO. if it is in upper side as per ET, nothing will be left for table for investor. Eagleeye, King Vinod and Harit please give your suggestions.

Finally a long wait SBI Cards & Payment Services Ltd IPO got Approval from SEBI.
Grey Market Premium Spike up 288- 292 as on 12 Feb 2020 @ 10:45AM (Only Buyers Tone)

Is online IPO applications through net banking valid or UPI is mandatory.

ONLINE ASBA valid

The company is likely to raise approximately Rs 5,500-6,000 crore through its IPO, sources said, adding that the IPO would value the company at approximately Rs 55,000-60,000 crore.

SBI Cards is likely to launch its IPO towards the end of February.
Source:- money control

As per news bank strike from 11 to 13 march 2020

SBI Cards IPO gets SEBI nod; launch by February end

https://www.moneycontrol.com/news/business/ipo/sbi-cards-ipo-sebi-nod-4932241.html

Finally SBI Cards & Payment Services Ltd IPO got Approval from SEBI.
Grey Market Premium 254- 258 as on 11 Feb 2020 @ 7pm.

https://www.moneycontrol.com/news/business/ipo/sbi-cards-ipo-sebi-nod-4932241.html

Breaking news:

SBI Card IPO approved by SEBI. To be launched by Feb end.????

Hi, Could you please tell when is the RHP date or cutoff date for shareholder?

I think tomorrow..or day after tomorrow..

Total .....Issue size 5500........6000 cr.
Fresh issue 500cr.
OFS....130526798 shares

Ipo size 5500 to 6000 cr it's true?
Expert comments please

SBI CARDS IPO

SBICards IPO
SEBI approval coming today..

announcment rhp Wednesday

http://www.moneycontrol.com/news/business/sbi-cards-ipo-might-be-delayed-over-investigation-into-related-company-reportsbi-cards-ipo-might-be-delayed-over-investigation-into-related-company-report-4919771.html/amp

Ipo delayed further

Approved

SBI Card IPO Approved by SEBI, It would open by end of Feb. 2020

https://www.moneycontrol.com/news/business/ipo/sebi-may-give-ipo-nod-to-sbi-cards-today-launch-by-feb-end-report-4932241.html

https://www.moneycontrol.com/news/business/ipo/sebi-may-give-ipo-nod-to-sbi-cards-today-launch-by-feb-end-report-4932241.html

Tomorrow SBI should run

SBICards IPO

HOS:

SBICards IPO
Issue price likely to be around 740
However, minimum of 700 is pukka

https://www.moneycontrol.com/news/business/ipo/sebi-may-give-ipo-nod-to-sbi-cards-today-launch-by-feb-end-report-4932241.html

SBI Cards IPO - Schedule *(Tentative)*
*(Serious efforts at the highest levels are being made to announce the IPO within February)*

28th Feb - Announcement of Price Band
03rd Mar - Anchor Investors Allotment
04th Mar - Offer Opens
06th Mar - Offer Closes
12th Mar - Finalisation of Basis of Allotment
13th Mar - Unblocking of ASBA Accounts
16th Mar - Credit of Equity Shares to Depository Accounts
17th Mar - Commencement of Trading on NSE/BSE