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SBICARDEQ / NSE, BSEListed
SBI Cards and Payment Services

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.

₹750 - ₹755Open
Listed Price₹661.00
Listing Gain-12.45%

IPO Schedule & Timeline

Bookbuilding IPO
Open02 Mar 2020
Close05 Mar 2020
Allotment12 Mar 2020
Listing16 Mar 2020

Quota Reservation & Application Lots

Quota Reservation (% Shares)

QIB6,11,15,982 shares
44.56%
HNI1,83,34,795 shares
13.37%
Retail4,27,81,188 shares
31.19%
Employee18,64,669 shares
1.36%
Shareholder1,30,52,680 shares
9.52%

Minimum Application Lots

Retail1 Lot (19 shares)
₹14,345
sHNI14 Lots (266 shares)
₹2,00,830
bHNI70 Lots (1,330 shares)
₹10,04,150

Company Promoters

State Bank of India Limited

Company Background

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...

Financial Performance

Figures in ₹ Crores
Metric Breakdown

Revenue

Latest (Dec-19)₹72401.56 Cr
Growth+108.6%
Revenue Trend (₹ in Crores)
0.027.9k55.9k83.8kMar-17Mar-18March-19Dec-19
PeriodRev (Cr)PAT (Cr)AssetsDebt
Dec-1972,401.5611,612.07259,934.650
March-1972,868.358,627.22202,396.360
Mar-1853,701.926,011.42156,860.070
Mar-1734,710.383,728.61107,649.820

Broker & Analyst Reviews

Review Not Available

Institutional broker reviews and analyst reports have not been released for this issue yet. Reviews are typically published 2 to 3 days prior to the issue opening date.

IPO Allotment & Registrar Status

Official Registrar: Link Intime India Private Limited

Allotment Finalized
Allotment Date
12 Mar 2020
Official Status
Out / Finalized
Registrar
Link Intime India Private Limited
Listing Date
16 Mar 2020

Official Allotment Verification Links

Official Registrar Portal
Link Intime India Private Limited

Direct allotment verification on the official registrar portal appointed for SBI Cards and Payment Services. Check with PAN or Application No.

Check on Registrar Portal
Stock Exchange Portal
BSE India Investor Portal

Official Bombay Stock Exchange investor verification channel using Issue Name and PAN Number.

Check on BSE India

Allotment Schedule & Milestones

IST
1. Allotment Finalization12 Mar 2020Basis of allotment declared
2. Refund Initiation1 day post allotmentUPI / ASBA mandate unblocked
3. Demat CreditPrior to listingShares credited to CDSL/NSDL
4. Listing Date16 Mar 2020Trading commences on exchange

How to Check SBI Cards and Payment Services Allotment Online

1Open Portal

Click on the official registrar link or BSE portal button above.

2Select Company

Select SBI Cards and Payment Services from the issue drop-down list.

3Enter Details

Select PAN, Application No., or DP Client ID and type your details.

4View Allocation

Click Submit to check your allotted share count and status.

Prospectus & Official Filings

Allotment FAQs & Help

About SBI Cards and Payment Services IPO

Complete issue overview for SBI Cards and Payment Services (SBICARD) IPO. The issue features an equity share price band of ₹750 – ₹755 per share with a minimum retail lot size of 19 Shares (minimum application amount of ₹14,345). Explore live market tracking on our GMP Tracker, compare against All IPO GMP Today, or view category bidding on the Subscription Page. Verify official allotment via IPO Registrars or review participating investment bankers in our Lead Managers Directory.

Frequently Asked Questions