SBI Cards and Payment Services Limited
ListedMainboardFinancials / Banking & Credit Services · NSE / BSE
SBI Cards and Payment Services Limited, incorporated in 1998, is a subsidiary of the State Bank of India, which holds a 74% stake in the company before the public issue, and is the second-largest credit card issuer in India. The company has a strong market position with around 18% share in both the number of credit cards issued and total credit card spending during 2019, and offers a wide range of cards for individuals and businesses covering lifestyle, rewards, shopping, travel, fuel, co-branded, and corporate needs. It has partnered with several well-known brands such as Air India, Apollo Hospitals, BPCL, IRCTC, OLA Money, and Yatra, helping it reach diverse customer segments. Being backed by SBI, the company benefits from access to a vast network of over 21,900 bank branches and a large customer base across India, while operating from its headquarters in New Delhi with a strong sales presence in 145 cities. Between financial years 2017 and 2019, SBI Cards recorded strong growth in income, revenue, and profits, reflecting steady expansion of its business.
Price Band
₹750 – ₹755
Issue Size
₹10355 Cr
Lot Size
19 shares
GMP
—
Est. Listing
₹755
at current GMP
Subscribed
—
Open
2 Mar 2020
Close
5 Mar 2020
Allotment
12 Mar 2020
Refund
13 Mar 2020
Demat Credit
14 Mar 2020
Listing
16 Mar 2020
Last updated 12 days ago
Live Grey Market Premium
SBI Cards and Payment Services Limited GMP Today
Last updated: 19 Oct 2026
Current Premium
₹00.0%
Issue Price (Upper)
₹755
Band: ₹750 – ₹755
Estimated Listing Price
₹755
Upper price + GMP
Lot Size
19 shares
Min investment ₹14,345
Estimated Profit / Lot
₹0
19 × ₹0
SBI Cards and Payment Services Limited GMP Historical Trend
GMP History
Grey Market Premium trend
—
▲ 0 today
Updated 1 minute ago
Estimated Listing Price
| Date | GMP (₹) | GMP % | Est. Listing |
|---|---|---|---|
| 31 Oct 2026 | — | 0.0% | ₹755 |
| 30 Oct 2026 | — | 0.0% | ₹755 |
| 29 Oct 2026 | — | 0.0% | ₹755 |
GMP is unofficial market data. Not a guarantee of listing performance.
About SBI Cards and Payment Services Limited Public Issue & Market Profile
SBI Cards and Payment Services Limited is bringing an initial public offering (IPO) in the Financials / Banking & Credit Services sector with an aggregate issue size of ₹10,354.77 Crores. The shares are offered at a price band of ₹750 to ₹755 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.
Public Issue & Pricing Context:
Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 19 shares (approx. ₹14,345 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.
Basis of Allotment & Listing Timeline:
Allotment reconciliation will be managed by Link Intime India Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2020-03-14, while un-allotted funds or UPI block mandates will be released on 2020-03-13.
Frequently Asked Questions
What is SBI Cards and Payment Services Limited IPO GMP today?
The latest grey market premium for SBI Cards and Payment Services Limited IPO is ₹0, which indicates an expected listing price of ₹755.
What does Kostak Rate and Sauda mean in IPO GMP?
Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.
Is Grey Market Premium officially recognized?
No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.