SBI Cards IPO - Schedule *(Tentative)*
15th Jan - Announcement of Price Band
17th Jan - Anchor Investors Allotment
20th Jan - Offer Opens
22nd Jan - Offer Closes
27th Jan - Finalisation of Basis of Allotment
28th Jan - Unblocking of ASBA Accounts
29th Jan - Credit of Equity Shares to Depository Accounts
30th Jan - Commencement of Trading (Target is to List before Budget date)
SBI Cards IPO - Issue Information *(Tentative)*
Issue Opens on: 20 January 2020
Issue Closes on: 22 January 2020
Issue Type: Book Built Issue IPO
Issue Size: 13,86,17,412 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.615 - Rs.618 per Share *(Tentative)*
Discount: Rs.18/- (for Employees)
Market Lot: 24 Shares
Listing At: NSE, BSE
Equity Shares outstanding prior to the Issue = 93,23,34,278 Shares
Employee Reservation of 18,64,669 Shares @600/- = Rs.111.88Crs (after discount of ~3%)
SBI Shareholders Reservation of 1,30,52,680 Shares @618/- = Rs.806.66 Crs (Discount - NIL)
Net Offer for Sale of 11,56,09,449 @618/- = Rs.7144.66Crs
Fresh Issue of 80,90,614 @618/- = Rs.500.00Crs
Equity Shares outstanding after the Issue = 94,04,24,892 Shares
Category-wise Break up:
Anchor - 3,71,10,019 Shares = 2,293.40Crs
QIB - 2,47,40,012 Shares = 1,528.93Crs
NII - 1,85,55,010 Shares = 1,146.70Crs
RII - 4,32,95,022 Shares = 2,675.63Crs (Lot size: 24 = 18,03,959 Forms)
SBI Shareholders - 1,30,52,680 Shares = 806.66Crs
Empl. Quota - 18,64,669 Shares = 111.88Crs (@600 per Share)
Total Issue - 13,86,17,412 Shares = 8563.20Crs.
Subscription required for 1X
RII = 18,03,959 Forms
NII = 1,146.70Crs
SH = 806.66 Crs
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