SBI Cards & Payment Services Ltd - Prospectus Synopsis

SBI Cards & Payment Services Ltd RHP

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 :    Website :

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) (?investor selling shareholder? 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.

Issue Money Payable On
Opens On Closes On Application Allotment
02-Mar-2020 05-Mar-2020 Rs 755 - 0 Rs 0 - 0
Minimum Application for shares in Nos : 19 Further Multiples of : 19
  Rs Cr Lead Managers to the Issue
Project Cost 499.33 Axis Capital Ltd
Project Financed through Current Offer 10340.79  
Post Issue Equity Share Capital 938.96  
Issue Price Rs. 755  
The Offer for Sale is to allow the selling shareholders to sell an aggregate of 130526798 shares held by them
Promoted By Listing At Registrar to the Issue
State Bank of India
Mumbai Link Intime India Pvt Ltd

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