What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the current subscription status of SBI Cards and Payment Services Limited IPO?

SBI Cards and Payment Services Limited IPO has received a total subscription of 0.00 times overall.

IPO GreyPremiumLIVE

Grey Market Intelligence

SBI Cards and Payment Services Limited

ListedMainboard

Financials / 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

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

Overview Live GMP Subscription Status Allotment Status Filing Documents

Overall Subscription

0.00x

Total Demand

QIB Multiplier

0.00x

Institutions & Funds

NII / HNI

0.00x

High Net-Worth

Retail (RII)

0.00x

Individual Bidders

Category-Wise Subscription Breakup

Live bidding breakdown by institutional, non-institutional, and retail investors

Total 0.00x

Category	Shares Offered	Shares Applied / Bid	Times Subscribed
Qualified Institutional (QIB)	68,574,636	—	0.00x
Non-Institutional (NII / HNI)	20,572,391	—	0.00x
Retail Individual (RII)	48,002,245	—	0.00x
Total	137,149,272	0	0.00x

Application-Wise Breakup

Total unique applications received across retail and HNI tranches

Apps 1.00x

Category	Applications Reserved	Applications Received	Times Subscribed
Retail (RII)	2,526,434	2,526,434	1.00x
HNIs (10L +)	16,161	16,161	1.00x
HNIs (2-10L)	77,340	77,340	1.00x
Total Applications	2,619,935	2,619,935	1.00x

Day-Wise Subscription Progress

Track continuous institutional and retail bidding order books for all active issues on the ipo live subscription feed.

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.

Bidding & Quota Instructions:

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.

Allotment Reconciliation Schedule:

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?

Currently, SBI Cards and Payment Services Limited IPO Grey Market Premium (GMP) is not actively quoted or is quoted flat at ₹0. The shares are expected to list close to the issue price band of ₹750 to ₹755 per equity share.

What is the expected profit per lot for SBI Cards and Payment Services Limited IPO?

The retail lot size is 19 shares requiring a minimum application amount of ₹14,345. Expected listing price is ₹755 per equity share.

What is the issue size and price band for SBI Cards and Payment Services Limited IPO?

The SBI Cards and Payment Services Limited IPO aggregate issue size is ₹10,354.77 Crores with an equity price band set at ₹750 to ₹755 per equity share. The retail lot size is 19 shares requiring a minimum capital outlay of approx. ₹14,345.

How can I check SBI Cards and Payment Services Limited IPO live subscription demand?

Live subscription figures are compiled real-time from the NSE and BSE bidding engines. Currently, overall subscription is 0.00x (Retail: 0.00x, QIB: 0.00x, NII: 0.00x). You can track live multiples directly on our dedicated subscription page.

Where and when will SBI Cards and Payment Services Limited IPO allotment status be published?

The basis of allotment will be published on the official registrar portal (Link Intime India Private Limited) and the BSE status verification website on or around 2020-03-12. Investors can verify status using PAN card or application number.

When is the listing date for SBI Cards and Payment Services Limited IPO?

SBI Cards and Payment Services Limited shares are scheduled to list on NSE and BSE on 2020-03-16.