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The basis of allotment for SBI Cards IPO is available now.
SBI Card IPO allotment is expected on Mar 11, 2020, as per the plan mentioned in the RHP document. The SBI Cards IPO shares are planned to list on Mar 16, 2020.
SBI Card is expected to list at around Rs 1000 against its issue price of Rs 755. As of Feb 26, 2020, the SBI Card IPO grey market premium stands around Rs 300.
The price of an IPO share on the listing is very difficult to predict as it can go in any direction. The demand and supply of SBI Card IPO shares, the market situation on listing day, allotment ratio and many other factors contribute to the listing price.
Note that investment in the share market including IPO is among high-risk investments.
The SBI Cards IPO allotment status will be available on Wednesday, March 11, 2020, as per the timeline provided in the red-herring prospectus.
Below are the steps to check SBI Cards & Payment Services Ltd. IPO allotment status online:
Note: The disabled button shows that the allotment is not yet available online.
The allotment result looks like as below:
The expected Listing price of SBI Cards IPO depends on many factors including demand, nature of the business, market environment, and state of the economy. The SBI Cards IPO grey market premium gives some hint but the actual Listing price is difficult to guess.
SBI Cards & Payment Services Ltd. IPO IPO allotment status is expected on Wednesday, March 11, 2020. Click the green button SBI Cards & Payment Services Ltd. IPO allotment status above to check the allotment. Note : The button remains disabled until the allotment is available online.
If SBI Cards IPO oversubscribed in the retail category, the SBI Cards IPO shares will be distributed on a proportionate basis to Retail Individual Investors (RII). Each retail investor will get a minimum of 1 lot subject to the availability of shares in the retail portion. If enough shares are not available, a lottery is drawn to choose the investors.
The SBI Cards & Payment Services Ltd. listing date is March 16, 2020. The equity shares of SBI Cards & Payment Services Ltd. will list on BSE, NSE.
The reason you didn't get the SBI Cards IPO could be:
RHP