SBI Cards IPO Subscription Details

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

SBI Cards IPO Subscription Status Live

SBI Cards IPO IPO subscription status. Full data available on IPOMatrix.com.

Category QIBNIIRetailEmployeesShareholdersTotal
Ex. AnchorAnchor InvestorTotal QIB
Allocation (No. of shares)
13,71,49,314
Allotment price (₹)
754
No. of applications
32,95,949
No. of shares applied
2,63,52,59,613

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Amount collected (₹ Cr.)
1,98,693.39 Cr
No. of times subscribed
19.21
No. of shares allotted
13,71,49,314
Amount allotted (₹ Cr.)
10,340.79 Cr
No. of allottees
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.

CategoryShares OfferedAmt (₹ Cr.)Size (%)
QIB 6,11,15,9824,614.26 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 1,83,34,7951,384.28 13.37%
Retail4,27,81,1883,229.98 31.19%
Employee18,64,669140.78 1.36%
Total13,71,49,31410,354.77 100%

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.

Bid DateFeb 28, 2020
Price₹755.00
% of QIBs60.00%
Shares Locked (30 Days)1,83,34,795
Shares Locked (90 Days)1,83,34,795
#AnchorGroup EntityShares AllottedAmt (₹ cr.)% Allocated% 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
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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.

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 19.21x.

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Category-wise data available on IPOMatrix.com

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CategorySubscription (times)
Total19.21x

SBI Cards IPO total subscription is 19.21x.

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Category-wise data available on IPOMatrix.com

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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 19.21x times.

The SBI Cards IPO allotment status is expected on or around Wednesday, March 11, 2020. Visit SBI Cards IPO allotment status to check.

The SBI Cards IPO listing date is March 16, 2020. The equity share of SBI Cards IPO will list on BSE, NSE.

Visit SBI Cards IPO subscription status page for real-time bidding information about SBI Cards IPO.

SBI Cards IPO Timetable

IPO opens OnMonday, March 2, 2020
IPO Closes OnThursday, March 5, 2020
Finalisation of Basis of AllotmentWednesday, March 11, 2020
Initiation of RefundsThursday, March 12, 2020
Credit of Shares to Demat AccountFriday, March 13, 2020
IPO Listing DateMonday, March 16, 2020
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