SBI Cards and Payment Services Ltd IPO Message Board (Page 62)

Sbi card interesting facts
8081 cr ki retail bid is now highest ever in history of IPOs. Normally acche IPOs par 3000-3500cr ki hi retail bid aati hai. Isse pehle HDFC AMC IPo tha 5609 cr ki retail bid. It came at 1100 and list 1700+ par hua tha

Application wise form in share holder category ?

Application wise for shareholders category number not making any sense becs allotment in this category is on proportionate

What is the latest premium??

160 only seller

Big fat bookies (margin traders,hni, gamblers and many more) have bought application starting 1800 high up to 4000
Lower 1200 ,
N number of application traded
Now assuming their cost of collection somewhere around 2600
If they don't want to loss in trades on
Listing day they have to open it around 950
And they can manage preopen (i say surely)
So listing should 925-950
But selling pressure will come if FII or DII don't come with block deals

So many IFs and BUTs are there
These are my calculations..
Just for indication

Add more in above calculation

Shares traded in gmp
120 started high up to 380 lower to 100

When I said "manage preopen"
They can!
They will

SBI Cards IPO -

LAST Day at 7:00PM

The following data is assuming the shares will be issued at @755/- (upper price band)

QIB*: 56.66X (*Excluding Anchor)
*NII: 45.24X* (Interest Cost ~108.56)
RII: 2.50X
Empl.; 4.74X
*SH: 25.36X* (Interest Cost ~60.84)
Total: 26.49X

*RII Applications: 39.05L* Approx
No. of Applic-wise: 1.73X

What is Current GMP???

I applied 2 lakh rupees application in shareholder quota how many chances to allotment in

@ iponoob for fyi
Shareholders Reserved Portion       1,30,52,680      
NSE Cuttoff Price Bids 5a) Cut Off 85,44,718
BSE Cutoff Price Bids 5(a) RPS (Cut off)            2,18,98,374
Total Cuttoff Price Bids 3,04,43,092      
Now Do the Basic Maths for cutoff price bid subscription which will come around 2.33 X ( ( (3,04,43,092 DIVIDE BY 1,30,52,680)
So, This is how i come to conclusion for my calaculation..
FYI giving links for BSE Bidding data CLICK ON

https://www.bseindia.com/markets/publicIssues/BSEDemandSchedule_new.aspx?Scripcode=5137

For NSE Bidding data CLICK ON

https://www1.nseindia.com/products/content/equities/ipos/ipo_current_sbicards.htm


For Members just for understanding i am giving my previous comments...
According to NSE & BSE SBI CARDS IPO BIDDING DATA the cutoff price bids for SH Category is 2.4 x only... so don't take tension of 25 times subscription applications ( Provided You have ticked cut off price while applying in SH Category).... So, according to this calculation for 13 Lots Minimum 5 Lots allotment can be given...Lets Cross fingers for final basis of allotment..

Whoever applied 14 and more lots application they have to bid at price, for your better understanding check bids applied at price 755

@Abhijeet
See the total demand graph. Bids at cut off is less than the total issue size itself. Does that mean the issue is not even subscribed 1x times at the higher price of 755?

Total Issue Size      10,02,79,411
Total Bids Received      2,25,08,84,685
Total Bids Received at Cut-off Price      9,78,56,232
No. of times issue is subscribed      22.45

As market is cracking and international markets are also in bearish mode, this ipo will list at discount. One of the reason is too much costly price band and at the time of listing there will be panic selling.

I agree with your logic but why QIB and NII categories oversubscribed? I applied two lots after seeing QIB oversubscription.

May b thats the reason it got bid worth over 2.5 lac Cr.

*SBI CARDS IPO*

Let's make some calculation about HNIs subscription data
First of all, we see some past trends of fancy IPOs
HNIs subscription and total amount
IRCTC 354.52X (34034CR.)
HDFC AMC 195.15X (71411CR.)
BANDHAN BANK 13.89X (9320CR.)
AMBER ENT 519.26X (46617CR.)
HUDCO 330.36X (59521CR.)
Dmart 277.74X (78962CR.)
RPOWER 190.02X (329586 CR.)
25% OF RPOWER HNIs (82396 CR.)
Eagleye estimate for SBI Cards HNIs 59.96X (83000CR.) The highest figure till date….
So there is no one who is above 100 thousand CR.
Let's make some calculation. Here I assume that HNIs will bid for 1 Lac CR. It means HNIs @72.21X.
FOR HNI/NII GET 1 LOT OF 19 SHARES
IF THEY HAVE MADE A BID OF 1372 SHARES
(RS.10,35,860/-) & MORE
Thus,the Interest cost for HNIs (@highest rate) @8% (7 Days) for each share Rs 85/- only (Fair GMP on highest subscription side and on highest bank interest for short time).
RII = 34 Lac Forms = 1.509X application wise (Avarage allotment of: 12.59 shares per lot) Reject application data is suspicious, so I am not reducing it.
For Retailers the costing = 12.59 X 85 = Rs. 1,070/- (Kostak)
And what about Shareholder??? I am leaving them to you. You own guess about them. I cannot make estimate about their subscription.
(Sorry for the faux English. TinkerbeLL)

what i assume
HNI 100 LAC CR.... ????????????????
they make me moke ????????????

SBI Cards IPO -

LAST Day at 6:30PM

The following data is assuming the shares will be issued at @755/- (upper price band)

QIB*: 56.66X (*Excluding Anchor)
*NII: 45.24X* (Interest Cost ~108.56)
RII: 2.50X
Empl.; 4.74X
*SH: 25.36X* (Interest Cost ~60.84)
Total: 26.49X

*RII Applications: 39.00L* Approx
No. of Applic-wise: 1.73X

Thank you mam for valuable information frequently.

@Eagleye:- How I can sale my application in grey market

i have applied 13 lots in share holder and 35 in employee. Any chance of getting shares?? Since both are oversubscribed

Retail inflow of some record breaking ipos..
R Power 43000 cr
SBI card 8000 cr
HDFC AMC 5600 cr
DMART 4800 cr
Ujjivan SB 3400 cr
IRCTC 3200 cr

I have applied for 14 lots under employee category, how many lots can I get.

SBI Cards IPO -

LAST Day at 6:00PM

The following data is assuming the shares will be issued at @755/- (upper price band)

QIB*: 56.66X (*Excluding Anchor)
*NII: 45.24X* (Interest Cost ~108.56)
RII: 2.50X
Empl.; 4.74X
*SH: 25.35X* (Interest Cost ~60.84)
Total: 26.49X

*RII Applications: 39.00L* Approx
No. of Applic-wise: 1.73X

SBI Cards IPO
GMP 110 +/- 1
Kostak 1200/-

According to our calculations it should open at least 110 points up for HNI to come to CTC . assuming they want profit so we can assume a 160 - 170 points listing if market remains stable? And around 220 + if market is positive. Around flat to -50 if market is negative ( in that case HNIs will lose more.

Applied 7 lots in retail category. What are the expectations for allotment?

What are the chances of allotment now?
I have applied 13 lots in sh and 1 lot in retail in 4 accounts.

@IPOIBA

Refer post no 2068. Medge has explained it very well.

Respected @Tinkerbell ji, what are the chances if one has applied 12 lots in shareholder category?

If applied through ASBA through icici bank net banking, Then no mandate required? can anyone confirm please..

yes

i applied 10in sh and 3 in retailer any chances to get ..............

Yes there are chances to get head ache.

SH applied 13 lot app will get@6-7 share.
RET get @1lot 60% application based on lucky draw.

Correct me if I am wrong....

I mean only 6-7 shares will be alloted for 13 lot SH application.

Sorry if I am not correct....

Minimum no of shares to be allotted is 19 .Hence on lottery basis 1:2 will be allotted 19 shares.

I had applied 1 lot in shareholder category not in retil category is there any chance to allot shares in shareholder category?

Very thin chance,
You should apply in retail

Whi suggested you to apply in Sh and not in retail?

i applied 10in sh and 3 in retailer any chances to get ..............