SBI Cards and Payment Services Limited IPO
SBI Cards and Payment Services Limited IPO
IPO Date :
Issue Price :
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Listing Date :
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Having completed its public offering, SBI Cards and Payment Services Limited's is now listed and trading on the NSE, BSE exchange as of 16-03-2020. The IPO raised cumulative capital of 13,71,93,464 Shares, including 66,22,517 Shares in primary capital infusion and ₹9854.77 Cr in secondary market transactions.
The IPO was conducted with a price range of ₹750 to ₹755 and minimum investment requirement of 19 shares. subscription activity between 02-03-2020 and 05-03-2020 reflected market assessment of the offering's valuation and prospects.
The allotment process finalized on 12-03-2020 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
SBI Cards IPO About Company
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.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
SBI Cards IPO Strength Factors
- 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
SBI Cards IPO Risk Factors
NA
SBI Cards IPO Lead Manager(s)
- 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
- SBI Capital Markets Limited
SBI Cards IPO Promoter(s)
- State Bank of India Limited
SBI Cards IPO FAQs
SBI Cards and Payment Services Limited IPO subscribed 0 times. The public issue subscribed -- times in the retail category,--times in QIB, and -- times in the HNI (10+) category byDecember 24, 2025 7:35:46 AM (Day 24).
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
SBI Cards IPO IPO Investor Categories
The offer proceeds will be utilised towards the following investor categories in compliance with SEBI regulations:
Qualified Institutional Buyers (QIB)
Financial Institutions, Banks, FIIs, and Mutual Funds registered with SEBI are called QIBs. In most cases, QIBs represent small investors who invest through mutual funds, ULIP schemes, and pension schemes.
Non-Institutional Investors (NII / HNI)
Retail Individual Investors (HNI), NRIs, Companies, Trusts, etc. who bid for shares worth more than ₹2 lakhs are known as Non-Institutional Bidders. Unlike QIBs, they do not need SEBI registration.
Subcategories of NII:
- sNII (Small NII – bids below ₹10 Lakhs)
For bids between ₹2–10 lakhs. One-third of NII shares are reserved for this category, also known as Small HNI (sHNI).
- bNII (Big NII – bids above ₹10 Lakhs)
For bids above ₹10 lakhs. Two-thirds of NII shares are reserved for this category, also called Big HNI (bHNI).
- sNII (Small NII – bids below ₹10 Lakhs)
Retail Individual Investors (RII)
Individual investors or NRIs who apply up to ₹2 lakhs in an IPO are considered under the RII reserved category.
Employee (EMP)
A category of eligible employees who have a reserved quota in the IPO.
Others
This includes eligible shareholders or other investors with reserved quotas in the IPO.
SBI Cards IPO FAQs
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