SBI Card IPO issue Date,Price,Allotment,Listing Date and Details

SBI Cards filed DRHP papers for its IPO on 27 November. SBI Card IPO is expected to be around Rs 9,600 crore in size. The Company 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 presently holds 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 organization has access to SBI’s large network of 22,007 branches across India. The partnership permits it to market its cards to a big consumer base of 436.4 million customers.

The SBI company is the 2nd biggest credit card issuer in the country, with a 17.6% and 18.0% marketplace percentage of the Indian credit card market as of March 31, 2019, and September 30, 2019, respectively, and a 17.1% and 17.9% marketplace share of the Indian credit score card marketplace ( total credit card spends) in fiscal 2019 and within the six months ended September 30, 2019.

The company’s total income increased at a CAGR of 44.9% and the revenues from operations have multiplied at a CAGR of 44.6% between monetary 2017 to 2019. The net profit grew at a CAGR of 52.1% during the period.

SBI Card IPO Key Points

  • SBI Cards filed draft papers for its IPO on 27 November
  • The company holds a 74% stake in SBI Cards, while Carlyle owns 26%
  • The IPO is expected to be around Rs 9,600 crore in size.

Company Promoters:

The promoter of the Company is SBI. SBI holds 74% stake and Carlyle owns 26%

SBI Cards IPO Details

Issue Open Not Confirmed
Issue TypeBook Built Issue IPO
Issue SizeExpected 9600
Fresh Issue Eq Shares of ₹10
(aggregating up to ₹500 Cr)
Offer for Sale130,526,798 Eq Shares of ₹10
Face Value₹10 Per Equity Share
Issue Price[.] to [.] Per Equity Share
Listing atNSE. BSE

SBI Cards IPO Promoter Holding

Pre Issue Share Holding74%

SBI Cards IPO Registrar

Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083


Company Contact Information

SBI Cards and Payment Services Ltd
Unit 401 & 402, 4th Floor,
Aggarwal Millennium Tower E-1,2,3,
Netaji Subhash Place, Wazirpur, New Delhi website

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