Incorporated in 1998, SBI Cards and Payment Services Ltd is the 2nd largest credit card issuer in India. SBI Cards and Payment Services Ltd is the subsidiary company of SBI Bank. The company offers credit cards for SBI and other co-brand partners. It offers four types of credit cards including SimplySave, SimplyClick, Prime and Elite.
SBI Cards IPO has two special categories apart from retail individual investors, which are Employee and Shareholders. To become eligible SBI shareholders to invest in shareholders quota, you must have at least 1 share of SBI as on the date of RHP filing with SEBI. Eligible Employees are allowed to bid up to Rs 5 lakh in the Employee category.
SBI Cards IPO public issue detail:
Important Points:
For more information on special categories, also read:
1. SBI Cards IPO Shareholders Application Detail
2. SBI Cards IPO Employees Application - Explained
SBI Cards IPO has two special categories apart from retail individual investors, which are Employee and Shareholders. To become eligible SBI shareholders to invest in shareholders quota, you must have at least 1 share of SBI as on the date of RHP filing with SEBI. Eligible Employees are allowed to bid up to Rs 5 lakh in the Employee category.
SBI Cards IPO public issue detail:
- Issue Type: Book Built Issue IPO
- Fresh Issue: Aggregating up to ₹500.00 Cr
- Employee Reservation Portion: Up to 1,864,669 Equity Shares
- Shareholders Reservation Portion: Up to 13,052,680 Equity Shares
- Face Value: Rs 10 Per Equity Share
- Listing At: BSE, NSE
Important Points:
- Shareholders can apply in shareholder (max up to Rs 2 lakh) and Net issue (max up to 2 lakh).
- An employee can apply in Employee (max up to Rs 5 lakh) and net issue (max up to Rs 2 lakh) categories.
- If an employee is also a shareholder, they can apply in shareholder (max up to Rs 2 lakh), employee (max up to Rs 5 lakh) and net issue (max up to Rs 2 lakh) categories.
For more information on special categories, also read:
1. SBI Cards IPO Shareholders Application Detail
2. SBI Cards IPO Employees Application - Explained
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