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SBI Cards and Payment Services IPO is a Book Building IPO listing on BSE,NSE exchange, with an ipo size of ₹ 10354.77 Cr. The company is based in New Delhi and caters to Banking And Finance sector. Axis Capital , Bofa Securities India , Hsbc Securities & Capital Markets Limited , Kotak Mahindra Capital Company are the merchant bankers of SBI Cards and Payment Services IPO. It is a MainBoard IPO which filed its Draft Red Herring Prospectus (DRHP) on 26th November 2019.
SBI Cards and Payment Services IPO open date is 2nd March 2020 and close date is 5th March 2020. IPO Allotment Date is 11th March 2020 and Listing date is 16th March 2020.
IPO
Size:
₹ 10354.77 Cr.
Avg IPO Size (Sector Based)
: ₹
1,911.46 cr.
Sector: Banking And Finance
IPO so far:
80
Merchant Banker:
Axis Capital
IPO by BRLM so far:
163
City:
New Delhi
IPO so far:
126
Revenue (annualised):
₹
9653.55
cr. 
PE
Ratio:
45.80x
Average Sector PE Ratio: 20.65x
SBI Cards and Payment Services IPO size is ₹ 10354.77 Cr. with IPO price of ₹ 755.00. IPO subscription will start on IPO open date and end on IPO close date as per above. IPO valuation metrics can be seen here.
Axis Capital Limited is the book-running lead manager of the SBI Cards and Payment Services IPO. Link Intime India Private Limited is the Registrar for SBI Cards and Payment Services IPO.
SBI Cards and Payment Services IPO Draft red herring prospectus (DRHP) and Red Herring prospectus (RHP) are available below.
SBI Cards and Payment Services IPO, based in New Delhi, operates in the Banking And Finance sector with a focus on credit card issuers in India. The company is launching its MainBoard IPO on the BSE,NSE exchange, using the Book Building Issue method. SBI Cards and Payment Services IPO size is ₹ 10354.77 Cr. with fresh issue size of ₹ 500 and Offer for sale being ₹ 9854.77 Cr.
The IPO allotment date for SBI Cards and Payment Services IPO is expected to be 11th March 2020, after the finalization of basis of allotment. Investors can check SBI Cards and Payment Services IPO allotment status on the registrars website, Link Intime India Private Limited . SBI Cards and Payment Services IPO refund dates are 12th March 2020.
SBI Cards and Payment Services IPO is expected to be listed on 16th March 2020.
The upper price band for the SBI Cards and Payment Services IPO is set at ₹ 755.00 per equity share. IPO price band is arrived at on the basis of IPO Valuation (P/E multiple) which is mentioned in the RHP.
For IPO analysis on SBI Cards and Payment Services IPO, explore our Financial Review Page for insights on fundamentals, peer analysis, and key IPO data, assisting investors to make informed decisions to apply or not.
To apply for the SBI Cards and Payment Services IPO, investors can use the ASBA (Application Supported by Blocked Amount) process via their bank's net banking or apply through UPI using a registered broker or trading app. The IPO is available in retail, HNI, and institutional investor categories. Investors must select the lot size, enter bid details within the price band, and submit their application before the IPO closing date of 5th March 2020. After submission, funds are blocked until the basis of allotment of SBI Cards and Payment Services IPO is finalised.
The merchant banker for SBI Cards and Payment Services IPO is Axis Capital Limited , Bofa Securities India Limited , Hsbc Securities & Capital Markets Private limited , Kotak Mahindra Capital Company Limited . Axis Capital Limited , Bofa Securities India Limited , Hsbc Securities & Capital Markets Private limited , Kotak Mahindra Capital Company Limited manages the IPO process, including underwriting, regulatory compliance, and investor coordination. Investors can refer to the SBI Cards and Payment Services IPO RHP for further details.
The registrar for SBI Cards and Payment Services IPO is Link Intime India Private Limited . Investors can go to Link Intime India Private Limited registrar website for IPO allotment status, refund processing, and other queries related to SBI Cards and Payment Services IPO through their official website or helpline.
SBI Cards and Payment Services IPO was subscribed 26.54 times. Stay updated on IPO details, subscription, and allotment news for informed investment decisions.
IPO
Size:
₹ 10,354.77 Cr.
Avg IPO Size (Sector Based)
:
₹ 1,911.46 Cr.
Sector: Banking And Finance
IPO so far:
80
Merchant Banker:
Axis Capital
IPO by BRLM so far:
163
City:
New Delhi
IPO so far:
126
Revenue (annualised):
₹ 9,124.07 cr.
PE
Ratio:
45.80x
Average Sector PE Ratio: 20.65x
SBI Cards and Payment Services IPO may offer opportunites, depending on your investment strategy. For in-depth analysis, risk factors, and KPIs, check our detailed report on SBI Cards and Payment Services Financial Review Page
Merchant Banker(s) of SBI Cards and Payment Services IPO: Axis Capital Limited , Bofa Securities India Limited , Hsbc Securities & Capital Markets Private limited , Kotak Mahindra Capital Company Limited
SBI Cards and Payment Services IPO subscription was 26.54 X. IPO subscription refers to applications received in an IPO by each quota, i.e., QIB, Retail, and NII. In some IPOs, Eligible employee quota and shareholder’s quota are also present. Learn more about IPO subscriptions here.
SBI Cards and Payment Services IPO listed at a listing price of 683.20 against the offer price of 755.00.
The current market price of SBI Cards and Payment Services is 894.60.
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