Status
Listed
Price band
₹750–₹755
Shares in one lotA lot is the smallest bundle of shares you can apply for. Lot size, in the glossary
19 shares
Minimum money
₹14,345 for 1 lot
Issue size
₹10,340.79 crore
Dates
2 Mar 2020 – 5 Mar 2020
Official links
- Allotment statusAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
How to apply
Use UPI and ASBA. The guide covers the close, allotment, and the T+3 listing.
Open the guideRelated guides
SBI Cards & Payment Services Ltd. IPO is listed. It opens on 2 Mar 2020 and closes on 5 Mar 2020. The price band is ₹750 to ₹755. One lot is 19 shares, and the minimum amount is ₹14,345. The issue size is ₹10,340.79 crore, with a fresh issue of ₹499.32 crore and an offer for sale of ₹9,841.46 crore. In FY19, total income was ₹6,999.11 crore and profit after tax was ₹862.72 crore. Total income was up 34.9% from ₹5,186.98 crore in FY18. Profit after tax was up 43.5% from ₹601.14 crore in FY18.
SBI Cards & Payment Services Ltd. listed at ₹661.
SBI Cards and Payment Services is India's second-largest credit card issuer. It is promoted by State Bank of India.
Dates
Opens
2 Mar 2020
Closes
5 Mar 2020
AllotmentAllotment is the decision of who gets shares after the issue closes. Basis of allotment, in the glossary
11 Mar 2020
Refunds
12 Mar 2020
Demat credit
13 Mar 2020
Listing
16 Mar 2020
Objects of the issue
- Towards augmenting its capital base
- Issue Expenses
Issue structure
Fresh issue and offer for sale
How the issue is split. Amounts are in ₹ crore.
| Part | Amount |
|---|---|
| Fresh issue | ₹499.32 crore |
| Offer for sale | ₹9,841.46 crore |
Reservation
Share kept for each group. The percents are the published figures.
| Part | Amount |
|---|---|
| Retail | 35% |
| Large bids | 15% |
| Big funds | 50% |
Issue
- Face value
- ₹10
- Fresh issue
- ₹499.32 crore
- Offer for saleOFS means offer for sale. Existing owners are selling shares. The company does not get that money.
- ₹9,841.46 crore
- Exchanges
- BSE, NSE
- Registrar
- MUFG Intime India Pvt. Ltd.
Reservation
- Retail
- 35%
- Large bidsNII means a bid bigger than the retail limit, and not from a big institution. How allotment works
- 15%
- Big fundsQIB means a big institution, such as a mutual fund or a bank. How allotment works
- 50%
Financials
₹ crore, for the last three reported years.
Total income and profit
Each chart has its own scale. Amounts are in ₹ crore.
Total income
Profit after tax
| Year | Total income | Profit |
|---|---|---|
| FY17 | ₹3,346.2 crore | ₹372.86 crore |
| FY18 | ₹5,186.98 crore | ₹601.14 crore |
| FY19 | ₹6,999.11 crore | ₹862.72 crore |
Net worth
₹ crore, for each year that reports net worth.
| Year | Net worth |
|---|---|
| FY17 | ₹1,448.82 crore |
| FY18 | ₹2,424.58 crore |
| FY19 | ₹3,653.24 crore |
| Year | Total income | PAT | Net worth | Assets | Borrowings |
|---|---|---|---|---|---|
| FY17 | 3,346.2 | 372.86 | 1,448.82 | — | — |
| FY18 | 5,186.98 | 601.14 | 2,424.58 | — | — |
| FY19 | 6,999.11 | 862.72 | 3,653.24 | — | — |
Listing
- Listing price
- ₹661
- Close on listing day
- ₹681.4
- Listing gainListing gain is how far the first traded price sits above or below the issue price. Capital gains, in the glossary
- -12.45% versus ₹755
Frequently asked questions
When does this issue open?
It opens on 2 Mar 2020 and closes on 5 Mar 2020.
What is the lot size and the minimum amount?
One lot is 19 shares. The minimum amount is ₹14,345 for 1 lot.
When are allotment and listing?
Allotment is on 11 Mar 2020. Listing is on 16 Mar 2020.
What is the price band?
The price band is ₹750 to ₹755.
What is the issue size?
The issue size is ₹10,340.79 crore.
What was the listing gain?
The listing gain against the top of the price band is -12.45%.
This page is a calendar of dates and prices. It is not a recommendation to apply.