When will I know if shares are allotted to me?

Allotment status is usually finalized a few days after the IPO closes. Once finalized, shares are either credited to your Demat account (if allotted) or the blocked funds are released back to your bank account.

Can I modify or cancel my IPO application?

Yes, you can modify or cancel your IPO application anytime before the IPO closing date. Changes can be made through your Alice Blue account, subject to exchange cut-off timings.

What happens if the IPO is oversubscribed?

If the IPO receives more applications than the number of shares available, it is considered oversubscribed. In such cases, allotment in the retail category is done on a proportionate or lottery basis, and not all applicants may receive shares.

SBI Cards & Payment Services Ltd

Complete IPO details, including price band, financials, subscription status, and key insights.

Participate in the SBI Cards & Payment Services Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.

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Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Standalone figures

Revenue GrowthProfit After Tax (PAT)Total Assets

Revenue

+17.2%vs FY24

Amount in ₹ crore

25,000

20,000

15,000

10,000

5,000

16,986

18,074

19,901

FY24FY25FY26

Profit After Tax (PAT)

−10.0%vs FY24

Amount in ₹ crore

3,000

2,000

1,000

2,408

1,916

Total Assets

+23.9%vs FY24

Amount in ₹ crore

15,000

10,000

5,000

9,375

11,910

Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

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.

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

StrengthsRisk Factors

Company use the "SBI" brand of its Promoter, and are exposed to the risk that the "SBI" brand may be affected by events beyond our control and that our Promoter may prevent us from using it in the future.
Company derive substantial benefits from its existing relationship with its Promoter, and a loss or reduction in the level of support we receive from its Promoter could adversely affect us.

Frequently Asked Questions

What is the minimum investment required to apply for this IPO?

The minimum investment depends on the lot size and the upper price band of the issue. Investors must apply for at least one lot, and the total investment amount is calculated by multiplying the lot size by the upper price band.

How is IPO allotment decided?

IPO allotment is determined based on demand and SEBI guidelines. If the IPO is oversubscribed in the retail category, allotment is typically done through a computerized lottery system to ensure fair distribution among eligible applicants.

Financial Performance

Revenue, profit after tax and total assets across the last 3 reported financial years.

Standalone figures

Revenue GrowthProfit After Tax (PAT)Total Assets

Revenue

+17.2%vs FY24

Amount in ₹ crore

25,000

20,000

15,000

10,000

5,000

16,986

18,074

19,901

FY24FY25FY26

Profit After Tax (PAT)

−10.0%vs FY24

Amount in ₹ crore

3,000

2,000

1,000

2,408

1,916

Total Assets

+23.9%vs FY24

Amount in ₹ crore

15,000

10,000

5,000

9,375

11,910

Figures in ₹ crore, on a standalone basis, as reported for FY24 to FY26.

Objects of the Issue

How the company plans to utilize IPO proceeds.

Use of Proceeds

The funds raised through this IPO will be used for:

*Subject to approvals and market conditions.

Strengths & Risks

Key competitive advantages and factors to consider before investing.

StrengthsRisk Factors

Company use the "SBI" brand of its Promoter, and are exposed to the risk that the "SBI" brand may be affected by events beyond our control and that our Promoter may prevent us from using it in the future.
Company derive substantial benefits from its existing relationship with its Promoter, and a loss or reduction in the level of support we receive from its Promoter could adversely affect us.