SBI Cards IPO - Details
About the company
SBI Cards and Payment Services Limited is a subsidiary of SBI, India’s largest commercial bank. Incorporated in 1998, the company is the 2 largest credit card issuer in the country, with a 17.6% and 18.0% market share of the Indian credit card market (number of credit cards) as of March 31, 2019, and September 30, 2019, respectively.
IPO Dates ,Types & Price details
IPO ISSUE PERIOD
02-Mar-2020 to 05-Mar-2020
Listing on BSE & NSE
IPO Size
Rs. 10,354.8 Crore
1,37,193,464 Shares
Price Range
Rs. 750 -755 Per Share
Rs.75/- per Share for Eligible Employees
IPO Type
100% Book Building
Retail Portion : 35%
BID LOT
19 Shares and in multiples of 19.
Minimum Amount: ₹14,345
Face Value
Rs. 10
(IN Rs. CRORE)
Financial Performance
Valuation of SBI Cards
Earnings Per Share (EPS): INR12.45
Price/Earnings (PE ratio): 60.24 – 60.64
Return on Net Worth (RONW): 24%
Net Asset Value (NAV): INR51.73 per share
Contact details
IPO Registrar
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: sbicard.ipo@linkintime.co.in
Website: http://www.linkintime.co.in
IPO Lead Managers
- Axis Capital Limited
- BoA Merrill Lynch
- HSBC Securities & Capital Markets Pvt Ltd
- Kotak Mahindra Capital Company Limited
Company Address
SBI Cards and Payment Services Ltd
Unit 401 & 402, 4th Floor,
Aggarwal Millennium Tower E-1,2,3,
Netaji Subhash Place, Wazirpur, New Delhi
Phone: +91 (11) 6126 8100
Email: investor.relations@sbicard.com
Website: http://www.sbicard.com/
Post Subscription Details
Finalisation of Allotment
Initiation of refunds
12-Mar-2020
Transfer of shares to demat accounts
13-Mar-2020
Listing Date
16-Mar-2020
Opening Price on NSE
will be updated soon
Closing Price on NSE
will be updated soon