The subsidiary of State Bank of India (SBI), SBI Cards and Payment Services Limited is the 2nd largest credit card issuer in India till date. They have about 18% market share in Indian market for Credit Cards.
The credit card portfolio of the SBI CREDIT CARDS includes SBI Card-branded credit cards along with co-branded credit cards that bear both the SBI Card brand and co-brand partners’ brands. They offer four primary SBI Card – branded credit cards: Simply Save, Simply Click, Prime and Elite Cards. For co-brand credit cards, they have partnered with travel, fuel, fashion, healthcare and mobility industries like Air India, Apollo Hospitals, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra, among others.
They offer credit cards in partnership with the Visa, Master Card and RuPay payment networks also.
| SBI CARDS IPO | OPENS JANUARY 2020 |
|---|---|
| IPO OPEN DATE | JANUARY 20, 2020 |
| IPO CLOSE DATE | JANUARY 22, 2020 |
| PRICE BANK OF SBI CARDS IPO | Rs. 615 - Rs. 620 PER SHARE |
| FACE VALUE OF SHARES | Rs. 10 PER EQUITY SHARE |
| IPO TOTAL SIZE | ABOUT Rs. 9,500 CRORES |
| LISTING EXCHANGES | BSE AND NSE BOTH |
| RETAIL PORTION | 35 % ONLY |
| EQUITY | 130,526,798 |
| LOT SIZE | 24 SHARES PER LOT |
| MAXIMUM SHARES RETAIL | 312 SHARES |
| MINIMUM AMOUNT | 14832 |
| MAXIMUM AMOUNT RETAIL | 192816 |
If you want to Apply IPO through Zerodha, see steps to Apply for SBI CARDS IPO here.
Open a new demat Account in Zerodha here.
Share Tips View on SBI CARDS IPO :
One can buy SBI CARDS IPO for small Listing Gain and for long term holding gains, scope of market penetration is high and earning are expected to rise in coming years.
