SBI Cards and Payment Services Ltd IPO Message Board (Page 165)

As per page no-404, cutoff date for Shareholder category is date of submission of Red Hearing Prospectus

Now onwards all parent companies will follow the way of Ujjivan.

Dear Janadesh do you mean henceforth cut off date for shareholders will be RHP and not DRHP for all IPOs? Why do you think so?

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)* (Revised)
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


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 = 80.0K Crs. = ~69.77X

Interest cost @9.00%p.a. for 7days = 106.67paise for 1X

Thus, for NII the costing = 69.77 X 106.67paise = Rs.74.42 per share (= GMP)

And, for RII the costing = 14.43 X 74.42 = Rs. ~1218/- (= Kostak)

SBI Cards IPO - *GMP Estimated*
GMP 75 +/- 1

????????

ANY EXPERT PLZ TELL ME WHEN IT WILL BE LISTED THIS MONTH OR NEXT MONTH

Most probably next month...

ANY ONE PLZ TELL ME CORRECT HOW MUCH SHARE CAN I BOUGHT MINIMUM TO BE ELIGIBLE FOR SHAREHOLDER QUOTA

1

Buy only one share for shareholder quota eligibility

If UPI necessary for this ipo if it hits in January?

Yes if you submit application to broker

Earlier the procedure was that after drhp filing SEBI takes 4-6 weeks for scrutiny after which approval was given. Then RHP is filed and issue opens within a week after that.

What is the cut off date to buy / hold SBI share to be entitled to apply SBI Card IPO under shareholder quota. Where to find out/ascertain the cut off date please.

Individuals and HUFs who are the public equity shareholders of SBI, (excluding such other persons not eligible under applicable laws, rules, regulations and guidelines and depository receipt holders of SBI)as on the date of the Red Herring Prospectus.

People are crazy. Some one is saying 23 dec, other one 23 jan now 20 Jan.

Issue is not approved by sebi yet,
Rhp will be filed after sebi approval.
People are running gmp from day one of drhp filing.

Let us see whose arrow will hit right on target.

@sonal/the Bulls eye/ ipo Jagadeesh/ any other experts
1)I heard SBI Cards IPO dates are Dec 23-26?? Is this true.
2) if we apply 1 lot each in retail and share holders category will both get allotment ? Means we get 2 lots 1 in retail and 1 in shareholders category ? Any one experienced these kind of situation before

I think its coming in 3rd or last week in January...
And if you are lucky person. So may be possible to allotment in both category..shareholder and retail..

IPO is coming in January.Date and price are not yet confirmed.Only tentative information.To receive allotment in shareholder category , you must have at least 1 share of parent company and that too in your Demat Account before the Cut-Off date declared by the issuing company.Cut-off date may be the date of filing DRHP / RHP or any other date in between them.So if you are a shareholder of parent Co. on or before cut-off date , you can apply in both categories - Retail and shareholder otherwise only eligible for retail category.

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

RII = 30.00L Forms = 1.39X Applic. wise (Avg allotment of ~14.39 shares per lot)
NII = 80.0K Crs. = ~66.55X

Interest cost @9.00%p.a. for 7days = 112.19paise for 1X

Thus, for NII the costing = 66.55 X 112.19paise = Rs.74.66 per share (= GMP)

And, for RII the costing = 14.39 X 74.66 = Rs. ~1218/- (= Kostak)

It should be 1.39 × 74.66= 103.78

Lot size is 20 share..
In Your calculations it's 23 share...

#SBICards IPO - Issue Information (Tentative)

Issue Opens on: 27 January 2020
Issue Closes on: 29 January 2020
Issue Type: Book Built Issue IPO
Issue Size: 13,82,19,105 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.640 - Rs.650 per Share (Tentative)
Discount: Rs.10/- (for Employees)
Market Lot: 20 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 93,23,34,278 Shares
Employee Reservation of 18,64,669 Shares @640/- = Rs.119.34Crs
SBI Shareholders Reservation of 1,30,52,680 Shares @650/- = Rs.848.42 Crs
Net Offer for Sale of 11,56,09,449 @650/- = Rs.7514.61Crs
Fresh Issue of 76,92,307 @650/- = Rs.500.00Crs
Equity Shares outstanding after the Issue = 94,00,26,585 Shares

Wrong information brother, 650 * 20 comes to 13000 per lot. For such big issue it should be yry for maximum that is 15000. So price may be 750 * 20 or 650 * 23

Dear Admin,
Thanks for Adding New Page for SBI cards IPO

Hi King Vinod,

1)I heard SBI Cards IPO dates are Dec 23-26?? Is this true.
2) if we apply 1 lot each in retail and share holders category will both get allotment ? Means we get 2 lots 1 in retail and 1 in shareholders category ? did you experienced these kind of situation before

In pnb MetLife any shareholders category pnb got approval for sebi for ipo

as per DRHP there is no any reservation for PNB shareholder

Experts please put your views on record date for SH Cat.

Record date is too far... buy it tomorrow

रिटेल मे 2284000 एप्लिकेशन चाहिए । सबको मिल जाएगा।

SBI issue size 8500 cr now

GMP?

258-260

what is hurry to open New page . at least wait for SEBI approval

Because discussion related this is happening in other IPO pages, so better have one separate here.

IPO is too far in Jan 2020 next year.Some other IPO will make entry in between before this one.Given lot of time to become the proud shareholder of the parent company.Punters & speculators throwing mouth-watering kostak & premium as if it is going to list before Ujjivan.

Dear forum member i have a 1 application and I want to apply in sbi credit card issue i wanted to apply in retail and shareholders quata both so that i also buy 1 share of sbi bank so after buying share of sbi bank i able to apply in both quata and i applied one lot in retail and one in shareholders my application will be rejected or both will be accepted please give me some suggestions

accepted

Wait and watch for date and sebi's approval..

I think this might be the first and last time when chittorgarh team had to open page for an ipo whose drhp is yet to be approved..???? Surely this will be the longest running page..Let's hope the ipo does justice to the hype..