• BSE
  • NSE
    • {{d.cmpname}}
    • {{d.price}}
    • ({{d.PerChg}}%)
Market | Equity | Daily Market Tracker | IPO Synopsis
IPO SYNOPSIS
SBI Cards & Payment Services Ltd
Registered Office:
Unit 401&402 4th Floor E-1,2,3,Netaji Subhash Place Wazirpur,
New Delhi - 110034,
Delhi, India.
Website :  www.sbicard.com
Initial Public Offering of 137,149,314* equity shares of face value of (Rs) 10 each ("equity shares") of SBI Cards and Payment Services Limited (the "company" or the "company" or the "issuer") for cash at a price of (Rs) 755** per equity share (including a share premium of (Rs) 745 per equity share) (the "offer price") aggregating to (Rs) 10340.79* Crores, comprising a fresh issue of 6,622,516* equity shares by the company aggregating to (Rs) 499.33 Crores ("fresh issue") and an offer for sale of 130,526,798* equity shares (the "offered shares") aggregating to (Rs) 9841.46* Crores, including 37,293,371* equity shares aggregating to (Rs) 2811.85* Crores by State Bank of India ("sbi") ("promoter selling shareholder") and 93,233,427* equity shares aggregating to (Rs) 7029.61* Crores by ca rover holdings ("ca rover") (ôinvestor selling shareholderö and together with the promoter selling shareholder, the "selling shareholders" and such offer, the "offer for sale" and together with the fresh issue, the "offer"). The offer included a reservation of 1,864,669** equity shares, for subscription by eligible employees (as defined hereinafter) (the "employee reservation portion") and a reservation of 13,052,680* equity shares, for subscription by SBI shareholders (as defined hereinafter) (the "sbi shareholders reservation portion"). The offer less the employee reservation portion and the sbi shareholders reservation portion is hereinafter referred to as the "net offer", aggregating to 122,231,965* equity shares. The Offer and the net offer constitutes 14.61*% and 13.02*% of the post-offer paid up equity share capital of the company, respectively. *Subject to finalisation of basis of allotment **The company and the selling shareholders in consultation with the brlms, have offered a discount of (Rs) 75 per equity share to eligible employees bidding in the employee reservation portion. The face value of the equity shares is (Rs) 10 each and the offer price is 755 and is 75.5 times the face value of the equity shares.
Issue
Money Payable On
Opens On
Closes On
Application
Allotment
02-Mar-20
05-Mar-20
755.00-0.00
0.00-0.00
Minimum Application for shares in Nos : 19     Further Multiples of : 19
 
(Rs.Cr)
Lead Managers to the Issue
Project Cost
499.33
Axis Capital Ltd
Project Financed
10340.79
 
Post Issue
938.96
 
Issue Price
755.00
 
Projects
The Offer for Sale is to allow the selling shareholders to sell an aggregate of 130526798 shares held by them
To Augmenting the capital base to meet the Future Capital Requirements
Promoted By
State Bank of India
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd
DB (International) Stock Brokers Limited: SEBI Reg. No.-INZ000179035 / CDSL : IN-DP-CDSL-266-2004 MCX-SX:INE 260643233/21500(CD)
Daga Commodities Private Limited: SEBI Reg. No. INZ000028833
Investor Grievances Email ID: compliance@dbonline.in & investors@dbonline.in
Copyright © 2016 All rights Reserved DB (International) Stock Brokers Ltd.     Designed, Developed and content powered by C-MOTS Infotech( ISO 9001:2015 certified )
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."         "Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL on the same day......................issued in the interest of investors."          "No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
Attention Investors ::
subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries