SBI Cards and Payment Services Limited
Bookbuilding IPO · NSE, BSE
- Price band
- ₹750 - ₹755
- Lot size
- 19 shares
- Issue amount
- ₹10,354.77 cr
- Total subscription
- 0×
- Opens
- 2 Mar 2020
- Closes
- 5 Mar 2020
- Allotment
- 12 Mar 2020
- Listing
- 16 Mar 2020
Offer at a glance
Issue overview
- Issue size
- 13,71,93,464 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹14,250
- Fresh issue
- ₹500 cr
- Offer for sale
- ₹9,854.77 cr
- Registrar
- Link Intime India Private Limited
- Listing exchange
- NSE, BSE
- Maximum investment
- ₹14,345
- Issue type
- Bookbuilding IPO
- Shares before issue
- 93,23,34,278
- Shares after issue
- 93,89,56,794
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 19 | ₹14,345 |
| sHNI | 14 | 266 | ₹2,00,830 |
| bHNI | 70 | 1,330 | ₹10,04,150 |
Share reservation
Subscription & GMP
Subscription by category
Subscription figures are awaiting publication.
GMP history
Financial performance
Company financials
in Lakhs · Reported periods may include interim results.
Company information
Company profile
SBI Cards and Payment Services Limited, incorporated in 1998, is a subsidiary of the State Bank of India, which holds a 74% stake in the company before the public issue, and is the second-largest credit card issuer in India. The company has a strong market position with around 18% share in both the number of credit cards issued and total credit card spending during 2019, and offers a wide range of cards for individuals and businesses covering lifestyle, rewards, shopping, travel, fuel, co-branded, and corporate needs. It has partnered with several well-known brands such as Air India, Apollo Hospitals, BPCL, IRCTC, OLA Money, and Yatra, helping it reach diverse customer segments. Being backed by SBI, the company benefits from access to a vast network of over 21,900 bank branches and a large customer base across India, while operating from its headquarters in New Delhi with a strong sales presence in 145 cities. Between financial years 2017 and 2019, SBI Cards recorded strong growth in income, revenue, and profits, reflecting steady expansion of its business.
Strengths
- India’s 2nd largest credit card issuer with steady growth and profits
- Top player in getting new customers through both online and offline channels
- Backed by SBI, a trusted and well-known brand
- Offers a wide variety of credit cards with big brand partnerships across different sectors
Promoters
State Bank of India Limited
Registrar & documents
Lead manager
Axis Capital Limited, Bofa Securities India Limited, Hsbc Securities & Capital Markets Private Limited, Kotak Mahindra Capital Company Limited, Nomura Financial Advisory And Securities (India) Private Limited, Securities (India) Private Limited, SBI Capital Markets Limited
Registrar & contacts
Link Intime India Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Unit 401 & 402, 4th Floor, Aggarwal Millennium Tower E-1,2,3, Netaji Subhash Place, Wazirpur, New Delhi
+91 (11) 6126 8100
[email protected]Company website ↗Understanding SBICARD IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.