March 2, 2020 - March 5, 2020

SBI Cards IPO FAQ

SBI Cards IPO Date & Price

The SBI Cards IPO opens on March 2, 2020 and closes on March 5, 2020.

SBI Cards IPO timetable / schedule is as below:

Bid/Offer Opens On: March 2, 2020
Bid/Offer Closes On: March 5, 2020
Finalization of Basis of Allotment: March 11, 2020
Initiation of refunds: March 12, 2020
Credit of Equity Shares: March 13, 2020
Listing Date: March 16, 2020

SBI Cards IPO Draft Red Herring Prospectus (DRHP) PDF

SBI Cards IPO Red Herring Prospectus (RHP) PDF

SBI Cards IPO price is set at ₹755 per equity share.

SBI Cards IPO will close for subscription at 5 PM on March 5, 2020. But most brokers stop accepting application between 1 PM to 3 PM.

The SBI Cards IPO starts on March 2, 2020. The issue ends on March 5, 2020.

SBI Cards IPO Issue Size and Subscription Status

The SBI Cards IPO size is 137193464 Equity Shares of ₹10 aggregating up to ₹10,354.77 Cr.

SBI Cards and Payment Services Ltd is selling its shares to the public through an Initial Public Offer (IPO). Retail investors can apply online for SBI Cards IPO shares through the banks (using ASBA) or through the broker (using UPI).

SBI Cards IPO Offer Size

Qualified Institutional Buyers (QIB)	24,224,003 Shares
Non-Institutional Investors (NII)	18,341,418 Shares
Retail Individual Investor (RII)	42,796,641 Shares
Employee Reservations	1,864,669 Shares
Other Reservations	13,052,680 Shares
Total Issue Size	100,279,411 Shares

SBI Cards IPO IPO Subscription Status

Qualified Institutional Buyers (QIB)	57.18 times times
Non-Institutional Investors (NII)	45.23 times times
Retail Individual Investor (RII)	2.50 times times
Employee Reservations	4.74 times times
Other Reservations	times
Total Issue Size	26.54 times times

Click here to check the SBI Cards IPO live subscription status.

If you have a demat account, most banks offer the online IPO application. You could also contact your broker to apply in SBI Cards IPO.

Zerodha, the largest stockbroker in India, offers an online IPO application. You can apply for an IPO online with Zerodha by visiting https://zerodha.com/ipo

You could check SBI Cards IPO Grey Market Premium (GMP Rate) by visiting our IPO Grey Market Price (Message Board). Note that there is no official source of GMP Rate as it's a black market.

SBI Cards IPO Allotment and Listing

The SBI Cards IPO allot status will be available online on March 11, 2020. Check the SBI Cards IPO Allotment Status here.

Click here to check SBI Cards IPO Allotment Status.

SBI Cards IPO listing Date is March 16, 2020. The regular trading starts at 10 AM on listing day.BSE and NSE allow a pre-open trading on listing day. This 45 minutes session starts at 9 AM and ends at 9:45 AM. This session allows buyers and sellers to place/ modify /cancel orders. The next 15 minutes are for price discovery and processing orders placed in the pre-open trading session. The SBI Cards IPO listing date and time is published by the exchange in a circular.

Click here to view the SBI Cards IPO Basis of Allotment.

It is hard to say at what price SBI Cards IPO Shares will list. The price varies by the demand and supply of IPO shares on the day of listing.

The SBI Cards IPO shares will list on March 16, 2020 at BSE, NSE.

SBI Cards IPO - Should I apply?

Visit our IPO Analysis and Recommendations page to view IPO Notes from experts.

Sorry, we do not provide IPO recommendations. But we share a lot of information about SBI Cards IPO which could help you with questions like SBI Cards IPO buy or not? You should also read SBI Cards IPO Analysis from experts and check the daily subscription status.

It actually depends on many factors. This includes company financials, segment outlook, market situation, issue pricing, the background of promoters, lead managers performance, company strengths, risks and oversubscription. You should read the prospectus document, IPO Analysis from experts and follow the subscriptions.

SBI Cards IPO listing day gains are highly unpredictable as depends on many factors on the day listing. It depends on factors like the demand (IPO oversubscription), the market situation on the day of listing, Issue size etc.

Visit our IPO Performance Tracker to check the SBI Cards IPO performance. The performance reports are available 1 day after listing.

SBI Cards IPO Questions

1. What is the listing date of the SBI Cards IPO?

SBI Card IPO shares are expected to list Mar 16, 2020, as per the RHP document. The SBI Card IPO shares will be listed at BSE and NSE.

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2. Is it safe to invest in an SBI Card IPO?

The investment in SBI Card IPO is a high-risk investment if you are planning to do it for short team listing gain. The listing gain depends on many factors including IPO prices, the market situation on listing day and demand of the shares.

The demand for SBI Card IPO share is high at this time (as of Feb 24, 2020). It is expected to provide listing gains between 20 to 30%. But the allotment will be tight as over 35 lakh IPO applications are expected.

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2 Comments

2. Jpmittal Link|March 5, 2020 5:39:53 PM

Dear Admin, request your good offices to share possibilities of allotment in various categories since issue has closed now with not a big number in retail category. Thanks

1. Jpmittal Link|March 4, 2020 6:24:36 PM

Sir, I am shareholder of SBI. Can I apply 6 Lots = Rs. 88350/- in SH quota and 30 Lots = Rs. 441750/- in NII quota ? OR NII application should not exceed Rs. 2 Lakhs if I am applying in SH quota ?
Also I read that ""Non-Institutional Investors and QIBs are not allowed to Bid at 'Cut-off Price"" So should I choose the price Rs. 755/- instead of ticking "Cut-off"
Thanks in advance.

SBI Cards IPO FAQ

SBI Cards IPO Date & Price

When is SBI Cards IPO coming?

What is SBI Cards IPO schedule?

Where can I get the SBI Cards IPO prospectus pdf?

What is SBI Cards IPO price? Tell me the pricing of SBI Cards IPO shares?

What is SBI Cards IPO closing time?

When SBI Cards IPO start?

SBI Cards IPO Issue Size and Subscription Status

What is SBI Cards IPO size?

How to buy SBI Cards IPO?

How many SBI Cards IPO shares offered to retail investors?

SBI Cards IPO Offer Size

How much SBI Cards IPO subscribe?

SBI Cards IPO IPO Subscription Status

SBI Cards IPO how to subscribe?

How do I apply SBI Cards IPO with Zerodha?

What is SBI Cards IPO Gray Market Premium (GMP)?

SBI Cards IPO Allotment and Listing

When will SBI Cards IPO allot?

Where do I check SBI Cards IPO allotment status?

When is SBI Cards IPO getting listed? What is SBI Cards IPO trading date?

What is SBI Cards IPO basis of allotment?

What is SBI Cards IPO expected listing price?

When is SBI Cards IPO listing?

SBI Cards IPO - Should I apply?

What are SBI Cards IPO expert advice/expert views/analyst views?

SBI Cards IPO good or bad? Should you invest in SBI Cards IPO subscribe or not?

SBI Cards IPO should you apply? SBI Cards IPO worth investing?

How much profit can I make in SBI Cards IPO retail?

How do I check SBI Cards IPO performance?

SBI Cards IPO Questions

1. What is the listing date of the SBI Cards IPO?

2. Is it safe to invest in an SBI Card IPO?

Read more about SBI Cards IPO

2 Comments