SBI Cards IPO Subscription Details

Bookbuilding IPO | ₹10,341 Cr | Listed at BSE, NSE | Mon, Mar 2, 2020 - Thu, Mar 5, 2020

Basis of Allotment - SBI Cards IPO

Category	QIB			NII	Retail	Employees	Shareholders	Total
Category	Ex. Anchor	Anchor Investor	Total QIB	NII	Retail	Employees	Shareholders	Total
Allocation (No. of shares)	2,44,46,393	3,66,69,589	6,11,15,982	1,83,34,795	4,27,81,188	18,64,669	1,30,52,680	13,71,49,314
Allotment price (Rs.)	755	755	755	755	755	680	755	754
No.of applications	348	110	458	11,597	26,95,183	56,552	5,32,159	32,95,949
No.of shares applied	1,39,37,77,433	3,66,69,589	1,43,04,47,022	79,61,64,771	9,28,91,133	86,70,536	30,70,86,151	2,63,52,59,613
Amount collected (Rs.cr.)	1,05,230.20	2,768.55	1,07,998.75	60,110.44	7,013.28	589.60	23,185.00	1,98,693.39
No.of times subscribed	57.01	1.00	23.41	43.42	2.17	4.65	23.53	19.21
No.of shares allotted	2,44,46,393	3,66,69,589	6,11,15,982	1,83,34,795	4,27,81,188	18,64,669	1,30,52,680	13,71,49,314
Amount (Rs.cr.)	1,845.70	2,768.55	4,614.26	1,384.28	3,229.98	126.80	985.48	10,340.79
No.of allottees	346	110	456	7,319	22,51,641	37,382	87,723	23,84,521

IPO Shares Offered

SBI Cards IPO is a public issue of 13.71 Cr equity shares. The issue offers 4.28 Cr shares to retail investors, 6.11 Cr shares to qualified institutional buyers, and 1.83 Cr shares to non-institutional investors.

Category	Shares Offered	Amt (₹ Cr.)	Size (%)
QIB	6,11,15,982	4,614.26	44.56%
Anchor	3,66,69,589	2,768.55	26.74%
QIB (Ex Anchor)	2,44,46,393	1,845.70	17.82%
NII	1,83,34,795	1,384.28	13.37%
Retail	4,27,81,188	3,229.98	31.19%
Employee	18,64,669	140.78	1.36%
Total	13,71,49,314	10,354.77	100%

SBI Cards IPO Anchor Investor Allocation

A total of 3,66,69,589 shares at a price of Rs 755 per share will be allotted to the anchor investors.

Anchor investors bid opening date	Feb 28, 2020
Anchor investor price	₹755.00
Anchor investors as % of QIBs	60.00%
No. of shares locked-in for 30 days	1,83,34,795
No. of shares locked-in for 90 days	1,83,34,795

📑 Anchor Investor Allotment Letter

📊 Historic report - IPOs Anchor Investors Investment & Performance

S.No.	Anchor Investor	Group Entity	No. of Shares Allotted	Amount (Rs.cr.)	% Allotment within Anchor Investor Portion	% Allotment of Issue
1	GOVERNMENT OF SINGAPORE	GOVERNMENT OF SINGAPORE	19,96,653	150.75	5.45	1.46
2	MONETARY AUTHORITY OF SINGAPORE	MONETARY AUTHORITY OF SINGAPORE	6,52,365	49.25	1.78	0.48
3	HDFC HOUSING OPPORTUNITIES FUND	HDFC MUTUAL FUND	4,00,900	30.27	1.09	0.29
4	HDFC EQUITY OPPORTUNITIES FUND II	HDFC MUTUAL FUND	38,950	2.94	0.11	0.03
5	HDFC LARGE & MID CAP FUND	HDFC MUTUAL FUND	1,05,450	7.96	0.29	0.08
6	HDFC INFRASTRUCTURE FUND	HDFC MUTUAL FUND	1,98,683	15.00	0.54	0.14
7	HDFC EQUITY SAVINGS FUND	HDFC MUTUAL FUND	6,09,900	46.05	1.66	0.44
8	HDFC FOCUSED FUND	HDFC MUTUAL FUND	1,02,600	7.75	0.28	0.07
9	HDFC HYBRID DEBT FUND	HDFC MUTUAL FUND	5,30,271	40.04	1.45	0.39
10	HDFC MULTI-ASSET FUND	HDFC MUTUAL FUND	66,234	5.00	0.18	0.05
11	GOVERNMENT PENSION FUND GLOBAL	GOVERNMENT PENSION FUND GLOBAL	19,86,754	150.00	5.42	1.45
12	ADITYA BIRLA SUN LIFE BANKING & FINANCIAL SERVICES FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	2,64,898	20.00	0.72	0.19
13	ADITYA BIRLA SUN LIFE FLEXI CAP FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	2,51,655	19.00	0.69	0.18
14	ADITYA BIRLA SUN LIFE EQUITY HYBRID '95 FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	2,51,655	19.00	0.69	0.18
15	ADITYA BIRLA SUN LIFE LARGE CAP FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	6,22,535	47.00	1.70	0.45
16	ADITYA BIRLA SUN LIFE PSU EQUITY FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	26,505	2.00	0.07	0.02
17	ADITYA BIRLA SUN LIFE VALUE FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	4,37,057	33.00	1.19	0.32
18	ADITYA BIRLA SUN LIFE RESURGENT INDIA FUND-SERIES 2	ADITYA BIRLA SUN LIFE MUTUAL FUND	66,234	5.00	0.18	0.05
19	ADITYA BIRLA SUN LIFE INDIA EXCEL (OFFSHORE) FUND	ADITYA BIRLA SUN LIFE MUTUAL FUND	66,215	5.00	0.18	0.05
20	AXIS FLEXI CAP FUND	AXIS MUTUAL FUND	3,97,347	30.00	1.08	0.29
21	AXIS BALANCED ADVANTAGE FUND	AXIS MUTUAL FUND	3,17,870	24.00	0.87	0.23
22	AXIS LARGE CAP FUND	AXIS MUTUAL FUND	2,64,898	20.00	0.72	0.19
23	AXIS EQUITY SAVINGS FUND	AXIS MUTUAL FUND	79,458	6.00	0.22	0.06
24	AXIS ELSS TAX SAVER FUND	AXIS MUTUAL FUND	9,27,181	70.00	2.53	0.68
25	PIONEER INVESTMENT FUND	PIONEER	18,54,305	140.00	5.06	1.35
26	ICICI PRUDENTIAL BALANCED ADVANTAGE FUND	ICICI PRUDENTIAL MUTUAL FUND	5,10,359	38.53	1.39	0.37
27	ICICI PRUDENTIAL BANKING & FINANCIAL SERVICES FUND	ICICI PRUDENTIAL MUTUAL FUND	2,12,648	16.05	0.58	0.16
28	ICICI PRUDENTIAL CHILDREN'S FUND	ICICI PRUDENTIAL MUTUAL FUND	42,522	3.21	0.12	0.03
29	ICICI PRUDENTIAL LARGE & MID CAP FUND	ICICI PRUDENTIAL MUTUAL FUND	3,40,233	25.69	0.93	0.25
30	ICICI PRUDENTIAL ELSS TAX SAVER FUND	ICICI PRUDENTIAL MUTUAL FUND	2,89,199	21.83	0.79	0.21
31	ICICI PRUDENTIAL MULTI-ASSET FUND	ICICI PRUDENTIAL MUTUAL FUND	93,575	7.06	0.26	0.07
32	ICICI PRUDENTIAL MULTICAP FUND	ICICI PRUDENTIAL MUTUAL FUND	2,80,706	21.19	0.77	0.20
33	ICICI PRUDENTIAL VALUE FUND-SERIES 20	ICICI PRUDENTIAL MUTUAL FUND	85,063	6.42	0.23	0.06
34	KOTAK LARGE CAP FUND	KOTAK MAHINDRA MUTUAL FUND	92,663	7.00	0.25	0.07
35	KOTAK MIDCAP FUND	KOTAK MAHINDRA MUTUAL FUND	2,38,355	18.00	0.65	0.17
36	KOTAK FOCUSED FUND	KOTAK MAHINDRA MUTUAL FUND	79,420	6.00	0.22	0.06
37	KOTAK INDIA GROWTH FUND-SERIES 4	KOTAK MAHINDRA MUTUAL FUND	52,934	4.00	0.14	0.04
38	KOTAK FLEXICAP FUND	KOTAK MAHINDRA MUTUAL FUND	10,33,315	78.02	2.82	0.75
39	NOMURA FUNDS IRELAND PLC-NOMURA FUNDS IRELAND-INDIA EQUITY FUND	NOMURA	14,56,958	110.00	3.97	1.06
40	KUWAIT INVESTMENT AUTHORITY FUND 225	KUWAIT INVESTMENT AUTHORITY	14,56,958	110.00	3.97	1.06
41	FIDELITY INVESTMENT TRUST: FIDELITY SERIES EMERGING MARKETS OPPORTUNITIES FUND	FIDELITY	12,12,808	91.57	3.31	0.88
42	BNP PARIBAS ARBITRAGE-ODI	BNP PARIBAS	11,25,826	85.00	3.07	0.82
43	SOCIETE GENERALE-ODI	SOCIETE GENERAL	10,59,516	79.99	2.89	0.77
44	INDUS INDIA FUND (MAURITIUS) LTD.	INDUS	9,27,143	70.00	2.53	0.68
45	GOLDMAN SACHS INDIA LTD.	GOLDMAN SACHS	8,32,276	62.84	2.27	0.61
46	FIDELITY INVESTMENT FUNDS-FIDELITY ASIA FUND	FIDELITY	7,34,825	55.48	2.00	0.54
47	HSBC AGGRESSIVE HYBRID FUND	HSBC MUTUAL FUND	2,66,000	20.08	0.73	0.19
48	HSBC FOCUSED FUND	HSBC MUTUAL FUND	3,96,245	29.92	1.08	0.29
49	EDELWEISS LARGE & MID CAP FUND	EDELWEISS MUTUAL FUND	1,32,449	10.00	0.36	0.10
50	EDELWEISS FLEXI CAP FUND	EDELWEISS MUTUAL FUND	1,98,664	15.00	0.54	0.14
51	EDELWEISS BALANCED ADVANTAGE FUND	EDELWEISS MUTUAL FUND	3,31,132	25.00	0.90	0.24
52	THORNBURG DEVELOPING WORLD FUND	THORNBURG	5,29,777	40.00	1.44	0.39
53	KUWAIT INVESTMENT AUTHORITY FUND 208	KUWAIT INVESTMENT AUTHORITY	4,80,415	36.27	1.31	0.35
54	RWC EMERGING MARKETS EQUITY MASTER FUND LTD.	RWC	4,54,746	34.33	1.24	0.33
55	HSBC GLOBAL INVESTMENT FUNDS-INDIAN EQUITY	HSBC	4,50,490	34.01	1.23	0.33
56	ICICI PRUDENTIAL LIFE INSURANCE CO.LTD.	ICICI PRUDENTIAL LIFE INSURANCE	3,97,347	30.00	1.08	0.29
57	DSP LARGE & MID CAP FUND	DSP MUTUAL FUND	1,85,554	14.01	0.51	0.14
58	DSP ELSS TAX SAVER FUND	DSP MUTUAL FUND	2,11,793	15.99	0.58	0.15
59	WASATCH EMERGING INDIA FUND	WASATCH	3,91,666	29.57	1.07	0.29
60	GMO EMERGING MARKETS FUND,A SERIES OF GMO TRUST	GMO	3,37,877	25.51	0.92	0.25
61	INVESCO INDIA EQUITY FUND	INVESCO	3,31,132	25.00	0.90	0.24
62	360 ONE FOCUSED FUND	360 ONE MUTUAL FUND	3,31,132	25.00	0.90	0.24
63	TATA FLEXI CAP FUND	TATA MUTUAL FUND	2,25,150	17.00	0.61	0.16
64	TATA LARGE CAP FUND	TATA MUTUAL FUND	1,05,963	8.00	0.29	0.08
65	GMO EMERGING DOMESTIC OPPORTUNITIES FUND,A SERIES OF GMO TRUST	GMO	3,24,368	24.49	0.88	0.24
66	FIDELITY FUNDS-EMERGING ASIA POOL	FIDELITY	3,10,897	23.47	0.85	0.23
67	AL MEHWAR COMMERCIAL INVESTMENTS LLC-(WANDA)	AL MEHWAR COMMERCIAL INVESTMENTS LLC	2,70,579	20.43	0.74	0.20
68	FIDELITY FUNDS-INDIA FOCUS FUND	FIDELITY	2,68,793	20.29	0.73	0.20
69	ASHOKA INDIA OPPORTUNITIES FUND	ASHOKA	2,64,898	20.00	0.72	0.19
70	BANDHAN SMALL CAP FUND	BANDHAN MUTUAL FUND	1,32,430	10.00	0.36	0.10
71	BANDHAN AGGRESSIVE HYBRID FUND	BANDHAN MUTUAL FUND	66,234	5.00	0.18	0.05
72	BANDHAN LARGE CAP FUND	BANDHAN MUTUAL FUND	66,234	5.00	0.18	0.05
73	ALPS/KOTAK INDIA GROWTH FUND	ALPS/KOTAK INDIA	2,64,860	20.00	0.72	0.19
74	HSBC INDIAN EQUITY MOTHER FUND	HSBC	2,11,755	15.99	0.58	0.15
75	EMERGING MARKETS TRUST	EMERGING MARKETS	2,07,936	15.70	0.57	0.15
76	FIDELITY FUNDS-GLOBAL FINANCIAL SERVICES POOL	FIDELITY	2,01,704	15.23	0.55	0.15
77	BARODA BNP PARIBAS BALANCED ADVANTAGE FUND	BARODA BNP PARIBAS MUTUAL FUND	1,98,683	15.00	0.54	0.14
78	RWC FUNDS-RWC GLOBAL EMERGING MARKETS FUND	RWC	1,83,046	13.82	0.50	0.13
79	BLACKROCK GLOBAL FUNDS-ASIAN DRAGON FUND	BLACKROCK	1,79,170	13.53	0.49	0.13
80	MORGAN STANLEY INVESTMENT FUNDS EMERGING LEADERS EQUITY FUND	MORGAN STANLEY	1,72,577	13.03	0.47	0.13
81	FIDELITY FUNDS-PACIFIC FUND	FIDELITY	1,71,095	12.92	0.47	0.12
82	BLACKROCK GLOBAL FUNDS-ASIAN GROWTH LEADERS FUND	BLACKROCK	1,61,994	12.23	0.44	0.12
83	STICHTING DEPOSITARY APG EMERGING MARKETS EQUITY POOL	STICHTING	1,56,902	11.85	0.43	0.11
84	KOTAK MAHINDRA (INTERNATIONAL) LTD.	KOTAK MAHINDRA	1,39,809	10.56	0.38	0.10
85	CHANCELLOR,THE MASTERS & SCHOLARS OF THE UNIVERSITY OF CAMBRIDGE	CHANCELLOR	1,32,468	10.00	0.36	0.10
86	SOCIETE GENERALE	SOCIETE GENERAL	1,32,468	10.00	0.36	0.10
87	KOTAK FUNDS-INDIA GROWTH FUND	KOTAK	1,32,468	10.00	0.36	0.10
88	THORNBURG LONG / SHORT EQUITY FUND	THORNBURG	1,32,468	10.00	0.36	0.10
89	FIDELITY INVESTMENT FUNDS ICVC-FIDELITY GLOBAL FOCUS FUND	FIDELITY	1,22,037	9.21	0.33	0.09
90	FIDELITY CENTRAL INVESTMENTS PORTFOLIO LLC: FIDELITY EMERGING MARKETS EQUITY CENTRAL FUND	FIDELITY	1,11,701	8.43	0.30	0.08
91	GOLDMAN SACHS (SINGAPORE) PTE.-ODI	GOLDMAN SACHS	1,11,397	8.41	0.30	0.08
92	KAPITALFORENINGEN INSTITUTIONEL INVESTOR,ASIATISKE EMERGING MARKET AKTIER	KAPITALFORENINGEN	1,03,626	7.82	0.28	0.08
93	JP MORGAN INDIAN INVESTMENT CO.(MAURITIUS) LTD.	JP MORGAN	98,579	7.44	0.27	0.07
94	GREATER INDIA PORTFOLIO	GREATER INDIA	94,867	7.16	0.26	0.07
95	JP MORGAN INDIA FUND	JP MORGAN	87,789	6.63	0.24	0.06
96	JP MORGAN FUNDS	JP MORGAN	78,530	5.93	0.21	0.06
97	BEST INVESTMENT CORPORATION MANAGED BY BLACKROCK ASSET MANAGEMENT NORTH ASIA LTD.	BEST INVESTMENT CORP.	77,140	5.82	0.21	0.06
98	FIDELITY FUNDS-GLOBAL FOCUS FUND	FIDELITY	73,872	5.58	0.20	0.05
99	BLACKROCK GLOBAL FUNDS-EMERGING MARKETS EQUITY INCOME FUND	BLACKROCK	66,234	5.00	0.18	0.05
100	UNISUPER LTD.AS TRUSTEE FOR UNISUPER	UNISUPER	66,234	5.00	0.18	0.05
101	BLACKROCK GLOBAL FUNDS-INDIA FUND	BLACKROCK	66,234	5.00	0.18	0.05
102	BLACKROCK GLOBAL MULTI ASSET INCOME FUND	BLACKROCK	66,234	5.00	0.18	0.05
103	BLACKROCK GLOBAL FUNDS-ASIA PACIFIC EQUITY INCOME FUND	BLACKROCK	66,234	5.00	0.18	0.05
104	BLACKROCK GLOBAL FUNDS-DYNAMIC HIGH INCOME FUND	BLACKROCK	66,234	5.00	0.18	0.05
105	TOKIO MARINE LIFE INSURANCE SINGAPORE LTD.-PAR BLACKROCK	TOKIO MARINE LIFE INSURANCE SINGAPORE LTD.	66,234	5.00	0.18	0.05
106	BLACKROCK ASIA SPECIAL SITUATIONS FUND	BLACKROCK	66,234	5.00	0.18	0.05
107	LANSFORSAKRINGAR ASIENFOND	LANSFORSAKRINGA	66,234	5.00	0.18	0.05
108	MASTER TRUST BANK OF JAPAN LTD.,THE AS TRUSTEE OF BLACKROCK INDIA EQUITY FUND	BLACKROCK	66,234	5.00	0.18	0.05
109	BLACKROCK ASIA FUND	BLACKROCK	66,234	5.00	0.18	0.05
110	MGTS AFH DA ASIA EX JAPAN EQUITY FUND	MGTS AFH DA ASIA EX JAPAN EQUITY FUND	66,234	5.00	0.18	0.05
			3,66,69,589	2,768.55	100	26.74

IPO Subscription FAQs

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:

Use Net Banking by Bank is
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.
Use UPI based IPO Application
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.

Discuss this question

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.

Discuss this question

How much SBI Cards IPO subscribed?

The SBI Cards IPO is subscribed 26.5414 times by Mar 05, 2020 18:45.