SBI Cards and Payment Services Ltd IPO Message Board (Page 137)

SBI Cards IPO
Grey Market Strong
GMP 252 - 255 as on 05 Feb @ 10:20 AM
Expecting Approval from SEBI with in a week.

Definitely it will announce price band before 29th Feb.......If not all grey market saudas will be cancelled....Huge build up in grey market

गरीबों को मिली सब्सिडी,
अमीरों को मिला रिबेट,
मिड्ल क्लास तुम टीवी देखो
तुमको मिला डिबेट।।

मिडिल क्लास ही बीजेपी का वोटर रहा है....जिसपर ही मार पड़ता आया है...।।

कोई भी किसी भी पार्टी का वोटर क्यों न हो भले, मिड्ल क्लास हमेशां ही पिसा जाएगा।

Hello ,
Anyone know how to apply ipo in minor a/c in ICICI A/C ?
Because they are denying to accept physical form nd minor is not authorized to apply online.
Please help.

you are apply to your bank account to minor demat account

Dear Ankush,
Do you mean that, from parent's bank a/c we can apply for IPO in minor's DMAT a/c?
If yes then please also let us know if we can sell or move to parents DMAT a/c after listing ...just in case if stock is not performing well?

Lic ipo ki patent company kaun si hai,,,share holding reservation hai kya ????

Madam it be very large IPO and we dont need to worry about allotement in LIC IPO , GOI may find it diffuclt to list in one go and may need to sell in trenches by issuing follow up issuess

Are bhai itna bada ipo sab ko dega, share holder banne ki jrurat nahi padegi , agar 5% Beche lic apne share to

Sequoia-backed Stovekraft files for IPO...

SBIcards IPO

Whispers in the Investment Banking community is that the SBIcards IPO is unlikely to open anytime soon (even if the SEBI approval comes through) because the gora investors based in Hongkong & Singapore are currently grappling with the Corona Virus situation

"In all likelihood it will happen in this quarter."----sbi chairman (yesterday)
(Still not clear timeline)

LM & Sebi mai letter exchange chal rahe hai. Jab tak letter exchange per viram nahi lagta tab tak mushkil hai.

Lic ipo ki patent company kaun si hai,,,share holding reservation hai kya ????

THE MOST RELIABLE
List of Mainboard IPOs IN THE PIPELINE
(Status as on 31th January 2020)

A) DRHP Filed - SEBI Approval *Awaited*:

1) Indian Railway Finance Corporation >>> DRHP date 17-Jan-20
2) Likhitha Infrastructure >>> DRHP date 13-Jan-20
3) Computer Age Management Services >>> DRHP date 09-Jan-20
4) Esaf Small Finance Bank >>> DRHP date 06-Jan-20
5) Apeejay Surrendra Park Hotels >>> DRHP date 31-Dec-19
6) UTI Asset Management Company >>> DRHP date 18-Dec-19
7) Rossari Biotech >>> DRHP date 18-Dec-19
8) Equitas Small Finance Bank >>> DRHP date 16-Dec-19
9) Home First Finance Company India >>> DRHP date 29-Nov-19
10) SBI Cards and Payment Services >>> DRHP date 26-Nov-19
11) Mukesh Trends Lifestyle >>> DRHP date 30-Sep-19

B) SEBI Approval *Received* *(within the past 5 months)*:

1) Easy Trip Planners >>> SEBI Approval 31-Jan-20
2) Puranik Builders >>> SEBI Approval 31-Jan-20
3) Montecarlo >>> SEBI Approval 28-Jan-20
4) Chemcon Speciality Chemicals >>> SEBI Approval 28-Jan-20
5) Burger King India >>> SEBI Approval 24-Jan-20
6) Shri Bajrang Power and Ispat >>> SEBI Approval 17-Jan-20
7) Route Mobile >>> SEBI Approval 24-Dec-19
8) Mazagaon Dock Shipbuilders >>> SEBI Approval 13-Dec-19
9) Samhi Hotels >>> SEBI Approval 29-Nov-19
10) Indian Renewable Energy Development Agency >>> SEBI Approval 27-Sep-19
11) Shyam Steel Industries >>> SEBI Approval 20-Sep-19

C) SEBI Approval *Received* *(>5 months ago)*:

12) Bajaj Energy >>> SEBI Approval 30-Aug-19
13) Angel Broking >>> SEBI Approval 26-July-19
14) Annai Infra Developers >>> SEBI Approval 12-July-19
15) Satyasai Pressure Vessels >>> SEBI Approval 21-June-19
16) Powerica >>> SEBI Approval 07-June-19

D) SEBI Approval *Received* *(>8 months ago)*:

17) Penna Cement Industries >>> SEBI Approval 31-May-19
18) Emami Cement >>> SEBI Approval 15-May-19
19) Shriram Properties >>> SEBI Approval 09-Apr-19
20) T & T Infra >>> SEBI Approval 22-Mar-19
21) Coldex >>> SEBI Approval 15-Mar-19
22) Antony Waste Handling >>> SEBI Approval 08-Mar-19
23) Senco Gold >>> SEBI Approval 06-Mar-19

LIC IPO may come in second half of FY21, says Finance Secretary Rajiv Kumar...


My question: is there a LIC POLICY HOLDER QUOTA also?
(Like shareholders)

No

It is very difficult to float LIC Ipo. Finding investors for 10% sell of LIC will be a difficult task.
If LIC listed successfully then India's weightage in MSCI will be increased.

Chemcon Speciality Chemicals Ltd,
Montecarlo Ltd,
Puranik Builders Limited,
Easy Trip Planners Limited approved by Sebi last week.

Easy Trip planners ltd is approved by Sebi.

Budget me invester ke liye kaya aaya ???
Market rate se dividend 0.5% se 1.00% aata hahe ab ush par 5% se 42% bich tax do
Short term 15% do
Long term 10% do
Aur loss gaya to mody saf

Budget Mai jyada akal lagane ki jarurat nahi hai.
Fayda batane k liye SUDHIR CHOUDHARY aur Nuksan batane k liye RAVISH KUMAR already appointed hain.
????

anyone have idea regarding sbi card ipo date?

Anybody has knowledge on online ASBA in Punjab and Sindh Bank. I am able to see that this bank is part of SCCB list of Sebi but I am not able to find asba option in this bank internet banking site.

Dear Sir/Mam,
Please guide me.I want to apply IPO with UPI ID of my bank a/c while demat a/c is in my family's name. Will it be rejected?

Reject

No, it shall be valid application.

SBI Cards IPO - Schedule *(Tentative)* *(Revised)*

28th Feb - Announcement of Price Band (Target is to make formal announcement within February)
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


SBI Cards IPO - Issue Information *(Tentative)*

Issue Opens on: 04 March 2020
Issue Closes on: 06 March 2020
Issue Type: Book Built Issue IPO
Issue Size: 13,76,69,655 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.690 - Rs.700 per Share *(Tentative)* *(Revised)*
Discount: Rs.10/- (for Employees)
Market Lot: 21 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 93,23,34,278 Shares
Employee Reservation of 18,64,669 Shares @690/- = Rs.128.66Crs (after discount of Rs.10/-)
SBI Shareholders Reservation of 1,30,52,680 Shares @700/- = Rs.913.69 Crs (Discount - NIL)
Net Offer for Sale of 11,56,09,449 @700/- = Rs.8,092.66Crs
Fresh Issue of 71,42,857 @700/- = Rs.500.00Crs
Equity Shares outstanding after the Issue = 93,94,77,135 Shares

Category-wise Break up:
Anchor - 3,68,25,692 Shares = 2,577.80Crs
QIB - 2,45,50,461 Shares = 1,718.53Crs
NII - 1,84,12,846 Shares = 1,288.90Crs
RII - 4,29,63,307 Shares = 3,007.43Crs (Lot size: 21 = 20,45,872 Forms)
SBI Shareholders - 1,30,52,680 Shares = 913.69Crs
Empl. Quota - 18,64,669 Shares = 128.66Crs (@690 per Share)
Total Issue - 13,76,69,655 Shares = 9,635.01Crs.

Subscription required for 1X
RII = 20,45,872 Forms
NII = 1,288.90Crs
SH = 913.69Crs


SBI Cards IPO - Financial Information (Basis of Valuation)

EPS for FY16-17 >>> Rs.4.75 (Page #93 of DRHP)
EPS for FY17-18 >>> Rs.7.40 (Page #93 of DRHP)
EPS for FY18-19 >>> Rs.9.43 (Page #93 of DRHP)
EPS for H119-20 >>> Rs.7.79 (Page #93 of DRHP)

RoNW for FY16-17 >>> 26.00% (Page #94 of DRHP)
RoNW for FY17-18 >>> 25.00% (Page #94 of DRHP)
RoNW for FY18-19 >>> 24.00% (Page #94 of DRHP)
RoNW for H119-20 >>> 17.00% (Page #94 of DRHP)

NAV as on September 30, 2019 was Rs.46.99 (Page #94 of DRHP)

Listed Industry Peer Group (Page #94 of DRHP): NONE


SBI Cards IPO - Issue Size / Price per Share

If, Issue Size = Rs.8,500 Crs ... Then, Share Price = Rs.618/-
If, Issue Size = Rs.9,000 Crs ... Then, Share Price = Rs.650/-
If, Issue Size = Rs.9,500 Crs ... Then, Share Price = Rs.685/-
If, Issue Size = Rs.10,000 Crs ... Then, Share Price = Rs.725/-
If, Issue Size = Rs.10,400 Crs ... Then, Share Price = Rs.750/-


SBI Cards IPO - *Market's Current Estimates of oversubscription*:

RII = 30.00L Forms = 1.47X Applic. wise (Avg allotment of ~14.32 shares per lot)
NII = 165K Crs. = ~128.02X
SH = 115K Crs. = ~125.86X

Interest cost *@14.00%p.a.* for 7days = 187.95paise for 1X

Thus, for NII the costing = 128.02 X 187.95paise = Rs.240.68 per share (= GMP)

And, for RII the costing = 14.32 X 240.60 = Rs. ~3446/- (= Kostak)

Thus, for SH the costing = 125.86 X 187.95paise = Rs.236.55per share (= GMP)

SBI Cards IPO - *GMP Estimated*
GMP 240 +/- 2
Kostak 3450/- +/- 50



SBI Cards IPO - *Breakeven / Justification of the current GMP*

Assuming:

1)      The issue size to be of *Rs.9,650 Crs*
And
2)      A stupendous demand for leverage, will allow the NBFCs to make hay while the sun shines, and giving them the opportunity to charge a higher rate of interest of *14%pa for 7 days*


In that case:

A)      The NII category size will be Rs.1,289Cr and the interest cost will be *Rs.240/-* ... only if NII category receives appllications worth approximately *Rs.1.65L Crs.*

Additionally,

B)      The SBI Shareholder category size will be Rs.914Cr. and the interest cost will be *Rs.240/-* ... only if SBI Shareholder category receives appllications worth approximately *Rs.1.15L Crs.*


To my mind these numbers look insane, and hence the current GMP of Rs.240/- beats all sense of logic from this point of view.

However, the collective wisdom of the market is supreme. Hence, shall be interesting to watch how the Grey Market Premium moves over the next 3-4 weeks


SBI Cards IPO - *Ultimate Beneficiaries of the IPO proceeds*


Fresh Issue is only of Rs.500Crs. (Money to be received by SBI Cards and Payment Services)

And the Offer for Sale is of 130,526,798 Equity Shares

Out of which:
A)      SBI is selling 37,293,371 Equity Shares (Money to be received by SBI Bank ~Rs.2,611Crs)
B)      CA Rover Holdings is selling 93,233,427 Equity Shares (Money to be received by an entity ultimately controlled by the *Carlyle Group* ~Rs.6,526Crs)

So it is definitely not an IPO by the Government of India. However, please note the *largest beneficiary of the proceeds of this IPO will be an American Private Equity Fund*.

Now give a moment to introspect, would a capitalist fund manager leave an *unreasonable* amount on the table for the IPO investors?

Hi Eagle eye plz recomed wat to do with CPSE ETF

employee discount rs 10 ya 10% because last time in sbilife ipo i remember it 10%

Gmp down.... 225 - 228.…. kosak 3100....Subjected too 3900 rs

Hi,

in my earlier post i have mentioned that LIC will be listed

Dear Experts,

Any good estimate of

1. Date for filing RHP?
2. Any limit or minimum shareholding required for shareholder category.

Pl provide the source, if possible?