SBI CARDS & PAYMENT SERVICES Rs 750 to Rs 755 From to
About Company SBI CARDS & PAYMENT SERVICES permalink
SBI CARDS & PAYMENT SERVICES was established in 1998 . Currently, it is having head office in Haryana. SBI CARD works in the sector of This company is a Public Sector Company. . SBI CARD has experience of 22 .
"SBI Cards & Payment Services Ltd is coming up with an initial public offer of around ₹10,000 Cr to offer an exit to the existing shareholders, expand the capital base and get listed at BSE and NSE stock exchanges." It has large experience and It is dividend paying company.
This company makes ₹ 72,868.35 million as a revenue. This company makes ₹1244.82 Cr.profit as a profit. Carlyle Group and State Bank of India
SBI CARD IPO issue open date is 2nd March 2020 and close date is 5th March 2020 . The face value for SBI CARDS & PAYMENT SERVICES IPO is Rs 10 per equity share. The total IPO size is approx Rs 500 crore.
The price band for SBI CARD is Rs 750 to Rs 755. The lot size for SBI CARD IPO is a minimum of 19 shares to maximum 266 shares. This IPO will be listed on BSE and NSE. SBI CARD IPO total equity is 137193464 shares.
SBI CARD IPO Market Lot and Investment Amount permalink
To invest in SBI CARDS & PAYMENT SERVICES's initial public offering starting from 2nd March 2020 you need to invest minimum Rs 14250, however you can also invest up to Rs 200830, considering the upper price of IPO Rs 755 and maximum allottable shares (266 shares). To apply for the maximum number of share you need to bid for 14 lots, one lot is having 19 shares.
SBI CARD IPO was oversubscribed 26.54 times. Qualified Institutional Buyers (QIBs) like banks, mutual funds and other registered financial institutes were reserved for 24224002 shares and received bids for 1385243431 shares which is 57.1847 times of total meant for QIB category.
SBI CARDS & PAYMENT SERVICES's IPO was subscribed 39% on the first day. Mutual funds bid for 94407086 shares in SBI CARDS & PAYMENT SERVICES's initial public offering.
Non Institutional Investors (NII) includes individuals , companies trusts who bid for more than 2 lakhs. The total number of shares reserved for NII investors were 18341418 and bid for 829526396 shares received . Bid from NII for SBI CARDS & PAYMENT SERVICES's IPO is 45.227 times of total meant for NII category.
Retail Individual Investors (RIIs) includes individuals investors who can apply up to Rs 2,00,000 in IPO . The total number of shares reserved for RII investors were 42796641 and bid for 107033346 shares received . Bid from RII for SBI CARD's IPO is 2.501 times of total meant for RII category.
The total number of shares offered were 100279411 and bid for 2661628300 shares received .