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SBI Cards IPO subscribed 26.54 times. The public issue subscribed 2.50 times in the retail category, 57.18 times in QIB, and 45.23 times in the NII category by March 5, 2020 (Day 4).
| Investor Category | Subscription (times) | Shares Offered | Shares Bid for | Total Amount (Rs Cr.)* |
|---|---|---|---|---|
| Qualified Institutions | 57.18 | 24,224,003 | 1,38,52,43,431 | 1,04,585.88 |
| Non-Institutional Buyers | 45.23 | 18,341,418 | 82,95,26,396 | 62,629.24 |
| Retail Investors | 2.50 | 42,796,641 | 10,69,90,292 | 8,077.77 |
| Employees | 4.74 | 1,864,669 | 88,39,978 | 667.42 |
| Others | 25.36 | 13,052,680 | 33,09,59,328 | 24,987.43 |
| Total | 26.54 | 100,279,411 | 2,66,15,59,425 | 2,00,947.74 |
Disclaimer: *The total amount is calculated based on the final issue price or the price in the upper price range.
| Date | QIB | NII | Retail | EMP | Other | Total |
|---|---|---|---|---|---|---|
| Day 1 March 2, 2020 | 0.00 | 0.12 | 0.62 | 0.80 | 0.69 | 0.39 |
| Day 2 March 3, 2020 | 0.21 | 0.47 | 1.21 | 1.84 | 1.41 | 0.87 |
| Day 3 March 4, 2020 | 57.18 | 2.19 | 1.77 | 3.29 | 3.54 | 15.49 |
| Day 4 March 5, 2020 | 57.18 | 45.23 | 2.50 | 4.74 | 25.36 | 26.54 |
SBI Cards IPO is a public issue of 100,279,411 equity shares. The issue offers 42,796,641 shares to retail investors, 24,224,003 shares to qualified institutional buyers, and 18,341,418 shares to non-institutional investors.
| Category | Shares Offered | Amount (Rs Cr) | Size (%) |
|---|---|---|---|
| QIB | 24,224,003 | 1,828.91 | 24.16% |
| NII | 18,341,418 | 1,384.78 | 18.29% |
| Retail | 42,796,641 | 3,231.15 | 42.68% |
| Employee | 1,864,669 | 140.78 | 1.86% |
| Others | 13,052,680 | 985.48 | 13.02% |
| Total | 100,279,411 | 7,571.10 | 100% |
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes of insurance companies, and pension schemes.
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc who bid for shares worth more than Rs 2 lakhs are known as Non-institutional bidders (NII). Unlike QIB bidders, they do not need SEBI registration.
NII category has two subcategories:
The Small NII category is for NII investors who bid for shares between Rs 2 lakhs to Rs 10 lakhs. The 1/3 of NII category shares are reserved for the Small NII sub-category. This subcategory is also known as Small HNI (sHNI).
The Big NII category is for NII investors who bid for shares worth more than Rs 10 Lakhs. The 2/3 of NII category shares are reserved for the Big NII subcategory. This subcategory is also known as Big HNI (bHNI).
The retail individual investor or NRIs who apply up to Rs 2 lakhs in an IPO are considered as RII reserved category.
A category of eligible employees who have a reserved quota in the IPO.
A category of eligible shareholders or other investors who have a reserved quota in the IPO.
What is the difference between RII, NII, QIB and Anchor Investor?
Disclaimer: The above information / data is sourced from National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) websites and is subject to change in real time. For latest information / data, please refer to the respective websites. The information / data provided here in is for informational purposes only and is provided by Chittorgarh.com on "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. Chittorgarh.com does not warrant the accuracy, adequacy or completeness of the information you obtain through the above websites. Chittorgarh.com shall not be liable in any way for any discrepancies, errors, omissions, losses or damage. Chittorgarh.com, including its affiliates and its directors, staff and employees, shall not be liable for any loss, damage of any kind, including but not limited to direct, indirect, punitive, exemplary, consequential damages and lost profits arising in any way out of the use of information / data obtained through the said websites. The recipient alone is fully responsible / liable for any decision made based on this information / data. All recipients, before relying on the said information, should do their own research and seek appropriate professional advice.
To purchase SBI Card IPO shares, you have to apply in SBI Cards IPO. The IPO shares bidding opens on Mar 2, 2020, and closes on Mar 5, 2020. There are various reserved categories including Retail, QIB, NII, Shareholders, and Employee. The allocation of shares is done using the different mechanisms in each of these categories.
To purchase SBI Card IPO, you could use one of the following two ways:
This is the easiest way to apply in IPO. Simply log in to your net banking with any bank where you have your bank account and apply in SBI Card IPO shares. Here are a few steps by step guides - SBI, ICICI, HDFC, PNB, Axis, Kotak.
If your broker offers an IPO application, you could apply through them using the UPI payment gateway. Here are a few examples; Zerodha, Edelweiss, Sharekhan, and 5paisa.
The prospect of making short term profit from SBI Card IPO is very good as of Feb 24, 2020. The grey market premiums are between Rs 250 to Rs 300 for the last few days. There is a huge demand in the market for SBI Card IPO shares. The IPO is expected to be oversubscribed heavily. The higher demand will result in higher profitability.
But there are multiple risks involved. The impact of the Coronavirus on the economy and stock markets, SBI Card IPO pricing, and selling pressure on listing day from people who invested for listing gains using the borrowed money.
The SBI Cards IPO is subscribed 26.54 by March 5, 2020.
| Investor Category | Subscription (times) |
|---|---|
| Qualified Institutional | 57.18 |
| Non Institutional | 45.23 |
| Retail Individual | 2.50 |
| Employee Reservations | 4.74 |
| Others | 25.36 |
| Total Subscription | 26.54 |
An investor can apply in SBI Cards IPO online via bank (using ASBA) or the broker (using UPI). The SBI Cards IPO shares are offered online only.
The SBI Cards IPO is subscribed 26.54 by March 5, 2020.
The SBI Cards IPO allotment status is expected on or around March 11, 2020. Visit SBI Cards IPO allotment status to check.
Visit SBI Cards IPO subscription status page for real-time bidding information about SBI Cards IPO.
| IPO Opens On | March 2, 2020 |
| IPO Closes On | March 5, 2020 |
| Finalisation of Basis of Allotment | March 11, 2020 |
| Initiation of Refunds | March 12, 2020 |
| Credit of Shares to Demat Account | March 13, 2020 |
| IPO Listing Date | March 16, 2020 |
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