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SBI Cards & Payment Services Ltd IPO

Closed

IPO Synopsis

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) (?investor selling shareholder? 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.

How to Apply for an IPO?

  • Login to your 5paisa account and select the issue in the current IPO section

    Login to your 5paisa account and select the issue in the current IPO section

  • Enter the number of lots and price at which you wish to apply for

    Enter the number of lots and price at which you wish to apply for

  • Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

  • You will receive a mandate notification to block funds in your UPI app

    You will receive a mandate notification to block funds in your UPI app

Don’t have a Demat account? Open one with 5paisa today!

Keep your documents and get your account activated to start applying for SBI Cards & Payment Services Ltd IPOs in just few hours.

Frequently Asked Questions

An Initial Public Offering OR IPO is the process of issuing stock for sale for the first time by a private corporation to the public. A company can issue its stock for sale for the first time to raise money by issuing either debt or equity. In case, the company chooses the equity route, the first such offering of equity shares to the public via listing of the shares in the stock markets is called an IPO.

 

This is one of the processes that has to do with the pricing of the IPO. An IPO can be made either through book building method, the fixed price method or a combination of both.

While in book building the price at which securities will be offered/allotted is not known in advance to the investor (investor is aware of an indicative price range only), in the fixed price process price at which the securities are offered/allotted is known in advance to the investor.

When it comes to an IPO, there are 4 types of investors who can bid, as per SEBI guidelines. They are –

  1. Qualified institutional investors (QIIs)
  2. Anchor investors
  3. Retail investors and
  4. High net-worth individuals (HNIs)/Non-institutional investors (NII).

 

IPO subscription period is the period of time during which investors can promise to purchase shares of a security to be issued as initial public offering (IPO).

Check: IPO Application Process

For details about the new IPO application process, click here.

To apply in an IPO with 5paisa:

  • Login to the 5paisa website or mobile trading app
  • Go to the Current IPOs section
  • Select the IPO you wish to apply for
  • Enter IPO details like price, quantity (lots) and your UPI ID
  • Check details and Confirm
  • Approve the UPI notification received on your phone (in BHIM App or your net banking app)

A Red Herring Prospectus, or offer document, is filed by a company to SEBI. This document is very useful to as it provides detailed information about the company’s business operations, financials, promoters and the company’s objective for raising funds.

Contact Details of SBI Cards & Payment Services Ltd IPO

Contact Information

Address

Unit 401&402 4th Floor E-1,2,3,
Netaji Subhash Place Wazirpur,
New Delhi, Delhi 110034

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