SBI CARDS IPO ( MARCH 2nd to MARCH 5th )
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SBI Cards — India’s second-largest credit card firm with nearly 18 per cent market share. — will offer up to 13.71 crore equity shares with a face value of Rs 10 via offer for sale route, according to the draft red herring prospectors (DRHP). This will include up to 3.73 crore share sale by SBI and up to 9.32 crore shares by Carlyle group. (CA Rover). In addition, the company will also issue fresh equity shares of Rs 500 crore. SBI holds 76 per cent in SBI Cards and the rest is held by the Carlyle group.
When will SBI Cards IPO open?
The IPO will open for subscription from March 2-5. The shares will be credited to investors’ demat account on or around March 13.
What is SBI Cards shares listing date?
Shares of the company will be listed on BSE and NSE both on or around March 16, according to the red herring prospectus.
Who are book running lead managers of SBI Cards IPO?
Kotak Mahindra Capital, Axis Capital, BofA Securities, HSBC, Nomura, SBI Capital Markets are the book running lead managers to the issue.
What is the issue size of SBI Cards IPO?
The company plans to issue new shares worth Rs 500 crore and will offer up to 13.05 crore shares as offer for sale, according to the prospectus.
What are SBI Cards strengths?
Second largest credit card issuer in India with deep industry expertise and a demonstrated track record of growth and profitability
Diversified customer acquisition capabilities
Support of a strong brand and pre-eminent promoter
Diversified portfolio of credit card offerings
Advanced risk management and data analytics capabilities
Modern and scalable technology infrastructure
Overview of credit card industry
Credit card industry intends to grow 2.5 times in the next five years. Credit card spends have registered a robust growth, growing at a CAGR of 32 per cent from fiscal 2015 to fiscal 2019 to reach Rs 6 lakh crore as of fiscal 2019, and is expected to grow at a healthy rate to reach Rs 15 lakh crore as of fiscal 2024, which is 2.5 times over fiscal 2019, according to CRISIL
Price band between : 750 to 755
Expected listing gains : 40%
Deal Wiki
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Created by : admin
If you are looking to open Demat Account, You can use Upstox:
Wait for a while. It takes time.
For everyone : use BHIM UPI APP.
I have had smooth experience so far since the upi mechanism started.
Applied successfully
Applied successfully, with bhim upi
Just one lot, was it okay
Yes .. more than 1 lot in retail category is if no use bro
upi server down , not getting mandate
Strong subscribe rating. Go for it for sure. Expected opening INR 1100+.
And I’m amazed to see IPO listings on DD. 
In HDFC IPO form it is asking for name of broker.
But character limit is too small like 10 characters.Upstox name is RKSV SECURITIES INDIA PRIVATE LIMITED however it’s not possible to enter the full name as limit is 10 characters.
What should I do?
Just write Upstox. No problem. 🙂🙂🙂🙂
can any1 share the process to apply in employee quota..
In Upstox Account I can now see apply IPO directly in app/website 
Go for Max cut off rate only .
I want to open a account
which is the best broker to open account and how much time it will take to open account so that I can apply for this ipo ?
I opened in Upstox it took 12 hrs (non working)
Opened in evening activated at midnight
Guys hold on to your horses. I see QII, NII percentage is very low right now. Apply only after those category gets subscribed fully. Corona might do some wealth damage,
NII will never apply till 2 pm last day because they get financed by NBFCs. QII also would apply on the last day (3rd day in this case). RII subscription crossed 0.5x times already and definitely it will be lottery.
Total No.of Application Approx : ~ 758716
Retail Subscription on the basis of Apps : 0.34 x
I have applied through upi but still mandate is not showing in upi app
Help
Can i apply ipo of any othet person in my sbi net banking?
I have done that previously and have got allotment too. But for some reason this time people have widely discussed about this and even have asked the registrar and lead managers for comments. They have confirmed that the ASBA account name/pan should be same as the demat else the applications are liable for rejection.
39% subscribed today
ok opening account with upstox then
and yes I will apply tomorrow or day after that only
dont need referral, already got
62% retail and 69% shareholder category is subscribed today as per CNBC
Forget new channels for sub figures. Go to below site and click for the sub figures of any particular IPO, you will get the latest updated figures including no of retail applications.
https://www.edelweiss.in/applyipo/20149?guest&u...
They are accepting applications as guest with UPI mandate probably. Not sure how it works though. Might help those who have ASBA banks which don’t accept more than one application.
@SARDARKHAN please check your Inbox
thank you so much 
ps- this guy sharing full referral benefit with me
Today I found out I only have Trading account with Zerodha not Demat.
Opened Upstox Today.
Got a call from Upstox ( In true caller it was showing Upstox) . A lady asked for verification need Aadhar OTP is needed as video verification was not clear , and I gave Aadhar OTP – Hope it’s ok and there is no issues.
How can know if I am I safe and Check if Everything is Ok & I was not Scammed?
I am guessing clear video was related to webcam video verification on upstox site in which case it should be ok if you received aadhaar otp for that as per instructions on upstox site. You can go to UIDAi site & check your aadhaar verification history entries to see what was authenticated for every aadhaar otp/biometric.
https://www.bankbazaar.com/aadhar-card/how-to-c...
Listing will be 11 days from close for HNI. HNI funding becomes more costly. So HNI if bids 50x should get a listing above 1135 (380 premium), above 100x should see 1510 listing (100% return) for making profits. As of now it’s certain that HNI also will bid brainlessly as herd mentallity like retail and can easily make bids around 80-100 times. Grey Market is around 150. 200 to 600 rs deficit. Jaane kya hoga Rama re!
Any one whose aadhaar is not linked with the mobile number and want to open an account in upstox .. let me know I can help make your account open 
I hv upstrox account how i can apply sbi card ipo
Pls tel me anyone bcz i am new for ipo
Open app and 
Sum one says due to carono virus share may fall down
Any one tel me is it safe to buy r not?
It’s definitely best for long term, but not sure for listing
Samajh nahi aa raha 1 lot milega to world tour lagaya jaye ya vile parle mein kothi li jaye? #SeriousKweschan
Kardu kya apply pir aakh band karke o.O
Need ur expert advise…
I think there is no need to rush for it. Give it some time watch till 5th noon and if its gets over subscribed around 120-200%. You can take it for listing gain… For yes corona virus is playing a role in not getting the listing gain where is supposed to be.
So my advice would be wait till 5th and invest it around 1 pm if you think it’s going to give you listing gain as listing is taking after 11 days. In 11 days world can turn upside down also given the effect of corona virus
Turn upside / down
Referral please
Check inbox bro
Those retailer comparing it with irctc & dreaming for irctc kind of return (6 times) then market cap of Sbi cards will be more than parent company sbi itself. Just be logical !!!!
I’m not applying Sbi Cards ipo. Will society accept me? 
@Awake @marketdimer
GMP 145/150, at 9.00 am, Mbai
Any benefit for Signup in upstox,? Ping me link
Upstox asking promo code while sign up, please any one tell me what to give?
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@BubbleBoyChickenLittle Not getting mandate request. Any idea bro?
Edit :- Got the request just now.