— Because of high interest in the IPO, the site has three links for checking the IPO allotment
— Select SBI Cards
and Payment Services when asked to select the company
— You can check the status by entering either your PAN, or application number, or DP/Client ID
— Click on submit and view allotment status
One of the most-awaited public offers of 2020, SBI Cards IPO open on March 2 and closed on March 5. It was subscribed 26.54 times overall – 45.22 times in the non-institutional investor (high-networth individual) quota, and 2.5 times in the retail segment. There was a 4.73 times subscription seen in the portion reserved for SBI employees, and 25.35 times in that for people already holding SBI shares.
Shares of SBI Cards and Payments will be listed on March 16, 2020.
The IPO comprises Rs 500 crore worth of fresh equity issue and a total dilution of around 14 per cent through the offer for sale (OFS) route.
The company aims to raise Rs 10,355 crore through this IPO. It has already raised Rs 2,769 crore from 74 anchor investors, including 12 mutual funds. Currently, SBI holds a 76 per cent stake in SBI Cards, and the rest is held by CA Rover Holdings, an affiliate of the Carlyle group.