| Issue Date | 02/03 - 05/05 |
| Issue Size | ₹500.00 Cr |
| Issue Price | ₹750-755 |
| Market Lot | 19 Shares |
| Shares on Offer | 130,526,798 |
| Registrar | Link Intime |
| GMP | ₹180 - 185 |
| Kostak | ₹1700 - 1800 |
| Subject to Sauda | N/A |
| Listing Date | 16/03/2020 |
| Listing Price | ₹658 |
| Listing Gain% | -12.85 |
SBI Card was launched in October 1998 by the State Bank of India and GE Capital. Incorporated as SBI Cards and Payment Services Private Limited (SBICPSL), SBI Card is headquartered in Gurgaon, Haryana.
In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in the Company. SBI holds 74% while Carlyle holds 26% in SBI Card.
The legal name of SBI Card was changed on 20 August ’19, from SBI Cards and Payment Services Private Limited to SBI Cards and Payment Services Limited, on account of its conversion from a “Private Limited” company to a “Public Limited” company.
The aim of SBI Card is to offer Indian consumers access to a wide range of world-class, value-added payment products and services. Their endeavor is to simplify the lives of their customers, employees and other important stakeholders.
Their innovative products and services along with their responsible corporate citizenship practices form the framework of delivering on this promise.
Within a short span of 10 months, they achieved a credit card customer base of 1 lakh. They entered the '1Million Card Club’ in 2002 and crossed the 2 million card base in 2005.
Today, with over 9 million credit card customers, they are the second largest credit card issuer in the country.
Incorporated in 1998, SBI Cards and Payment Services Limited is a subsidiary of SBI, India's largest commercial bank in terms of deposits, advances and the number of branches. SBI currently holds (along with its nominees) 689,927,363 Equity Shares, constituting to 74.00 % of the pre-Offer issued, subscribed and paid-up Equity Share capital of the Company.
The company the 2nd 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, and a 17.1% and 17.9% market share of the Indian credit card market ( total credit card spends) in fiscal 2019 and in the six months ended September 30, 2019.
SBI Cards offers a wide range of credit cards to individual and corporate clients including lifestyle, rewards, shopping, travel, fuel, banking partnership cards, and corporate cards, etc.
SBI Cards has partnered with several leading names across industries, including Air India, Apollo Hospitals, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra, amongst others.
As a subsidiary of SBI, the company has access to SBI's extensive network of 22,007 branches across India. The partnership enables it to market its cards to a huge customer base of 436.4 million customers.
Headquartered in New Delhi, as of September 30, 2019, the company has a sales force of 33,086 outsourced sales personnel operating out of 133 Indian cities.
The company's total income increased at a CAGR of 44.9% and the revenues from operations have increased at a CAGR of 44.6% between fiscal 2017 to 2019. The net profit grew at a CAGR of 52.1% during the period.
SBI Cards IPO is going to hit the market soon. SBI Cards IPO will be one of the biggest IPO which will raise around ₹9500 crores via IPO. SBI Cards GMP is coming up as the date will be in the near term. SBI Cards (SBICPS) has a valuation of around ₹60000 crores. As the primary market is doing well they can expect a good subscription number in this IPO. Check out SBI Cards IPO grey market premium, Kostak rates and subject to sauda rates as on today.
| Particulars | 30-Jun-19 | 31-Mar-19 | 31-Mar-18 |
|---|---|---|---|
| Total Assets (In ₹ Millions) | 202,396.34 | 156,860.02 | 107,649.85 |
| Total Revenue (In ₹ Millions) | 72,868.34 | 53,701.92 | 34,710.38 |
| Profit After Tax (PAT) (In ₹ Millions) | 8,627.19 | 6,011.43 | 3,728.59 |
| Date & Time | QIB | NII | RII | Total |
|---|---|---|---|---|
| Day 1 - 02 March 2020 | 0.00 | 0.12 | 0.62 | 0.39 |
| Day 2 - 03 March 2020 | 0.21 | 0.47 | 1.21 | 0.87 |
| Day 3 - 04 March 2020 | 57.18 | 2.19 | 1.77 | 15.49 |
| Day 4 - 05 March 2020 | 57.18 | 45.23 | 2.50 | 26.54 |
Please click the link below to check the IPO allotment status.
IPO Allotment StatusSBI Cards and Payment Services Ltd IPO will open on 02/03 and close on 05/05.
SBI Cards and Payment Services Ltd IPO will list on 16/03/2020.
The offer price of SBI Cards and Payment Services Ltd IPO is ₹750-755.
The lot size of SBI Cards and Payment Services Ltd IPO is 19.
The Grey Market Premium (GMP) price of SBI Cards and Payment Services Ltd IPO is ₹180 - 185.
The Kostak price of SBI Cards and Payment Services Ltd IPO is ₹1700 - 1800.
The Subject to Sauda price for SBI Cards and Payment Services Ltd IPO is Not Available at the moment.
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