SBI Cards IPO - Initial Public Offer Detail

Incorporated in 1998, SBI Cards and Payment Services Limited may be a subsidiary of SBI, India's largest banking company in terms of deposits, advances and also the number of branches. SBI currently holds 689,927,363 Equity Shares. The company the 2nd largest credit card issuer within the country, with a 17.6% and 18.1% market share of the Indian credit card market (number of credit cards) as of March 31, 2019, and November 30, 2019, respectively, and a 17.1% and 17.9% market share of the Indian credit card market in fiscal 2019 and within the eight months ended November 30, 2019.

SBI Cards offers a large range of credit cards to individual and company clients including fuel, rewards, shopping, lifestyle,  travel, banking partnership cards, and company cards, etc. SBI Cards has tie-ups with several leading companies across industries, including IRCTC, Air India, Apollo Hospitals, Etihad Guest, BPCL, Fbb, OLA Money and Yatra, amongst others. At the upper end of the price band, the SBI Cards IPO is predicted to boost around Rs 9,000 crore, making it the fifth-largest IPO to date.

IPO Open Date	2nd March 2020
IPO Close Date	5th March 2020
Issue Type	Book Built Issue IPO
Issue Size	137,193,464 Eq Shares of Ru.10 (aggregating up to Ru.10,354.77 Cr)
Offer for Sale	130,526,798 Eq Shares of Ru.10 (aggregating up to Ru.9,854.77 Cr)
Face Value	Rupee 10 Per Equity Share
IPO Price	Rupee 750 to 755 Per Equity Share
Employee Discount	Rupee 75
Lot Size	19 Shares
Min Order Quantity	19 Shares
Listing At	NSE & BSE
P/E (x)	45.8
Market Cap (Cr.)	70890
Finalisation of Basis of Allotment	11th March 2020
Initiation of Refunds	12th March 2020
Credit of Shares to Demat A/C	13th March 2020
IPO Shares Listing Date	16th March 2020
Pre Issue Share Promoter Holding	74%
Post Issue Share Promoter Holding	69.51%
Minimum Lot Size and Price (Retail)	1 Lot 14,345 Rupee
Maximum Lot Size and Price (Retail)	13 Lot 186,485 Rupee