IPO

SBI Cards and Payment Services Limited IPO

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Finance - NBFC

Listed On: Mar 16, 2020 at ₹ 661.0

₹ 14345 /19 Shares

02 Mar, 2020

Open Date

05 Mar, 2020

Close Date

12 Mar, 2020

Allotment Date

16 Mar, 2020

Listing Date
Price Summary

Last Closing

870.60 (15.31%)

52 Week High

1,027.25

52 Week Low

663.05

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price Rs 750 to Rs 755 Rs per Equity Share ( Rs 75/- discount for Employees )
  • Face Value Rs 10 Per Equity Share 
  • Issue Price Total Equity Shares 13,71,49,314 of Rs 10/- at price of Rs 750/- to Rs 755/- with aggregating up to Rs 10,354.77/- Cr# Fresh Issue of 66,22,516 Equity Shares of Rs 10/- at price of Rs 750/- to Rs 755/- with aggregating up to Rs 500/- Cr# Offer for Sale of 13,05,26,798 Equity Shares of Rs 10/- at price of Rs 750/- to Rs 755/- with aggregating up to Rs 9854.77/- Cr
  • Listing at NSE, BSE
  • List Price 661.0
  • Listing Date 2020-03-16
  • Lead Manager Axis Capital Limited, DSP Merrill Lynch Limited, Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, Nomura Financial Advisory and Securities (India) Private Limited and SBI Capital Markets Limited
  • Registrar Link Intime India Private Limited
IPO Details
  • Retail Portion N/A
IPO Details


The IPO of is priced at ₹750 - 755 per equity share, which has a face value of Rs 10 Per Equity Share  each, IPO bidding starts from Mar 2, 2020 and ends on Mar 5, 2020. The allotment for IPO will be finalized on Mar 12, 2020. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Mar 16, 2020. The company shall list its equity shares on the NSE, BSE. Link Intime India Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, DSP Merrill Lynch Limited, Kotak Mahindra Capital Company Limited, HSBC Securities and Capital Markets (India) Private Limited, Nomura Financial Advisory and Securities (India) Private Limited and SBI Capital Markets Limited.


The IPO sets its price band at 750 - 755 for each share. A single application for SBI Cards and Payment Services Limited IPO must contain at least 19 shares.

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IPO Subscription Analysis And Details
Retail
10.00x
QIB
1.00x
NII
82.00x
Total
2.00x
As on QIB NII Retail Employee Share Holder Total
Shares Offered / Reserved 2,42,24,003 1,83,41,418 4,27,96,641 18,64,669 1,30,52,680 10,02,79,411
Day 1 02-03-20
21,812 0.00 x 16,61,398 0.09 1,91,86,238 0.45 x 14,79,093 0.79 x 66,40,595 0.51 x 2,89,89,136 0.29 x
Day 2 03-03-20
6,10,565 0.03 x 53,30,697 0.29 3,68,69,329 0.86 x 34,00,810 1.82 x 1,35,02,122 1.03 x 5,97,13,523 0.60 x
Day 3 04-03-20
1,38,52,43,431 57.18 x 4,01,54,562 2.19 7,57,54,444 1.77 x 61,37,722 3.29 x 4,62,43,606 3.54 x 1,55,35,33,765 15.49 x
Day 4 - 05-03-20
1,38,52,43,431 57.18 x 82,95,26,396 45.23 10,70,33,346 2.5 x 88,41,004 4.74 x 33,09,84,123 25.36 x 2,66,16,28,300 26.54 x
Valuations
Earnings Per Share (EPS) Rs 9.19/-
P/E Ratio 82
RoNW 24%
Net Asset Value (NAV) - As on 30.09.19 51.73
IPO - Issue Objectives
1

Offer for SaleCompany will not receive any proceeds from the Offer for Sale.

2

Fresh Issue(a) To augment Bank's capital base to meet the Bank's future capital requirements(b) To achieve the benefits of listing the Equity Shares on the Stock Exchanges and Offer for Sale

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Ujjivan Small Finance Bank Limited 2.67 32 9.49 2037.58
DCB Bank Limited 1.71 15.69 10.91 3041.49
AU Small Finance Bank Limited 7.28 41.57 17.51% 2948.84
Bandhan Bank Limited 4.71 24.86 18.94% 6644.05
RBL Bank Limited 2.00 19.70 10.18% 6300.71
Equitas Holdings Limited 1.83 357.04 0.52% 2275.31
CreditAccess Grameen Limited 4.22 28.90 14.59% 1281.33