SBI Cards and Payment Services Ltd IPO Message Board (Page 148)

SBI Cards IPO
Grey Market Premium 237 - 242 @ 2pm on 31/Dec

When ASBA through NET BANKING will stop functioning for IPO? Please intimate.

Netbanking ASBA going to continue. There is no any circular from SEBI about stopping netbanking ASBA.

ASBA With physical forms only stop. ASBA NET Banking online contiune

Dear Experts,

I have SBI demat account on my name, So can I apply for shares in retail category using my friend PAN as 2nd application using with my demat account number?.
Is it that everyone person should have their own demat account in sbismart to apply?

Please advice me.

no demat account shud match with applied person name

Any news about the IPO of HDB FINANCIAL?

sbi ipo me application dalna chahiye

GMP ACTION
GMP 235+
Kostak 3000+
Subject to 3500+

Going strong since last week

hope GMP will sustain till closing date.

Linking pan with aadhar is compulsory before 31st December.
Can any one confirm that it is also compulsory for minor pan card.
Without linking pan will be invalid.the impact of above may be on minor having dematA/c..
So expert are requested to clarify in this regard
Thanks

What is the harm in linking. Link aadhar to PAN link is activate on income tax site. Go there and link aadhar in your minor's PAN.

It's extended till 31 Mar 2020

Any idea when will this issue open...?

Route Mobile IPO approved by Sebi.

Now every one eyes only on SBI Cards IPO.
After getting Approval for SBI Cards IPO while submitting RHP Hope for Share Holders Quota Upper Limit Cap should keep maximum 2 Lakhs then Retails who Holding SBI Shares in Demat account will be benefited.

Prince pipe -2
Sbi 248
Prince pipe le lo agar lower rate mai mile to
Definitely game hogi
Next day market will open 100 point niftu upper so
As you like and prefer,......

Harit sir
How to sell application?

Sbi 245
Prince -3

@vikiban for minor demat acount related guide me
it is possible call me 9326934288

SBI CARD ke ipo me shareholders category me min. 1 lot allotment k liye kitne lot ki application karni padegi? HDFC AMC & UJJIVAN SFB k jaise isme bhi kya 1 lot apply karne se allotment milega kya? proportionate allotment kaise hota hai ?

There are lots of confusion at present related to SH eligibility and allotment process. It's better we wait for RHP for accurate details on this.

Gray market action
GMP 210-230
Kostak 2800-3000
Subject to.. 3350-3500

Different from City to City
(All are playing with fire,I witnessed everyone including
Subjeewala to MBA holders all talking only one thing WHAT'S GMP IN SBI card?)

Approximately 250 applications change hands in my group circle last week

Simply crazy

पहले IPO की डेट आने दिजिए, यदि इश्यू देरी से आया तो 28 फरवरी के बाद ग्रे मार्केट के सारे सौदे खत्म हो जाएगें।

True
Let dust to settle
I think it will come in January
But price band is uncertain.

GMP - 230-240
KOSTAK 3000-3400

There will be definitely a limit of Rs. 2 lakhs for availing Shareholders' quota. If it exceeds this limit, the application would be rejected. However, apart from it, one can apply in the 'Retail Category' as well simultaneously. If nothing applies on respective basis and even if one applies above Rs. 2 lakhs apart from SH Category, the application will get rejected.

SBI Cards IPO - Issue Size / Price per Share

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


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

RII = 30.00L Forms = 1.66X Applic. wise (Avg allotment of ~14.43 shares per lot)
NII = 175K Crs. = ~152.61X
SH = 125K Crs. = ~154.96X

Interest cost *@11.00%p.a.* for 7days = 130.37paise for 1X

Thus, for NII the costing = 152.61 X 130.37paise = Rs.198.96 per share (= GMP)

And, for RII the costing = 14.43 X 198.96 = Rs. ~2871/- (= Kostak)

Thus, for SH the costing = 155.96 X 130.37paise = Rs.202.03 per share (= GMP)

SBI Cards IPO - *GMP Estimated*
GMP 200 +/- 1
Kostak 2800/- +/- 50



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

Assuming:

1)      The issue size to be of *Rs.8,500 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 *11%pa for 7 days*


In that case:

A)      The NII category size will be Rs.1,146Cr and the interest cost will be *Rs.200/-* ... only if NII category receives appllications worth approximately *Rs.1.80L Crs.*

Additionally,

B)      The SBI Shareholder category size will be Rs.807Cr. and the interest cost will be *Rs.200/-* ... only if SBI Shareholder category receives appllications worth approximately *Rs.1.25L Crs.*


To my mind these numbers look insane, and hence the current GMP of Rs.200/- 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 6 weeks


SBI Cards IPO - * Beneficiaries of the IPO proceeds*


Fresh Issue is to 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)
B)      CA ROVER HOLDINGS is selling 93,233,427 Equity Shares (Money to be received by an entity ultimately controlled by the Carlyle group)

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?

If you r not applying in retail quota,then 2 L limit not applicable to you.
So basically rules are same for SH & NII if SH allocation is on proportionate basis.
For clearifications kindly wait for RHP

With so much confusion for SH category - retail applicability, nii applicability , many applications is going to be rejected...

I agree with Eagleye mam on the shareholder quota estimates. If past trend is an indicator the Shareholder quota will be hugely oversubscribed, cant estimate the quantum though. Since the allotment will be on a proportionate basis and no ceiling on the bid amount lot of HNI applications will enter the SH quota.

My guess 
One who applies for 1/2/3 lots will barely have any chance of getting an allotment. It will be a difficult lottery at the lower end. 
Folks applying 13 lots plus may stand some outside chance.

Most of the shares in this quota will be cornered by the HNI investors.

Not much in store for the retail investors in SH

Comments welcomed (critics included)

Then number of applications will be lower as hnis are applying. I guess number of hnis may be in thousands? So everyone will get one lot for sure...

Hopefully RHP will have a ceiling of 2L for SH quota