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IPO Synopsis

 
SBI Cards & Payment Services Ltd

  • Registered Office: Unit 401&402 4th Floor E-1,2,3,Netaji Subhash Place Wazirpur, New Delhi - 110034, Delhi, India. Phone : 91-11-61268100   Fax:
  • Email : investor.relations@sbicard.com
  • Website :www.sbicard.com
                 
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.
Opens On Closes On
Issue 02-Mar-20 05-Mar-20
Application Allotment
Money Payable On 755.00 0.00
Minimum Application for shares in Nos : 19 Further Multiples of : 19
  rupeeCr Lead Managers to the Issue
Project Cost (rupee.Cr) 499.33 Axis Capital Ltd
Project Financed through Current Offer (rupee.Cr) 10340.79  
Post Issue Equity Share Capital (rupee.Cr) 938.96
Issue Price (rupee) 755.00
Projects
The Offer for Sale is to allow the selling shareholders to sell an aggregate of 130526798 shares held by them
To Augmenting the capital base to meet the Future Capital Requirements
Promoted By
State Bank of India
Listing At
BSE
NSE
Registrar to the Issue
Link Intime India Pvt Ltd
Minimum Application for shares in Nos : Further Multiples of :
Attention Investors:
KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc), you need not undergo the same process again when you approach another intermediary. No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account. Prevent Unauthorized Transactions in your Demat account\Trading account: Update your Mobile Number with your Depository Participant\Exchange. Receive alerts on your Registered Mobile for all debit and other important transactions in your Demat account\Trading account directly from Depository\Exchange on the same day.........issued in the interest of investors.
Disclosure of Proprietary Account Trading by Members to Clients
Proprietary Trading Disclosure:In terms of provisions of the Rules, Bye-Laws and Business Rules of the Exchange and with reference to circular MCX/T&S/147/2016 dated May 17, 2016 regarding Disclosure of Proprietary Account Trading by broker to client.,Pursuant to SEBI Circular Number SEBI/MRD/SEC/Cir-42/2003 dated November 19, 2003 & SEBI/HO/CDMRD/DMP/CIR/P/2016/49 dated April 25, 2016 GOODWILL WEALTH MANAGEMENT PVT LTD. Discloses to its clients about its policies on proprietary trades. Goodwill does proprietary trading in the derivatives segment at MCX respectively.GOODWILL – SEBI Reg No. INZ000049087
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