History

  • SBI Card was launched in October 1998 by the State Bank of India and GE Capital. Incorporated as SBI Cards and Payment Services Private Limited (SBICPSL), SBI Card is headquartered in Gurgaon, Haryana.
  • In December 2017, State Bank of India and The Carlyle Group acquired GE Capital`s stake in the Company. SBI holds 74% while Carlyle holds 26% in SBI Card.
  • The legal name of SBI Card was changed on 20 August ’19, from SBI Cards and Payment Services Private Limited to SBI Cards and Payment Services Limited, on account of its conversion from a “Private Limited” company to a “Public Limited” company.
  • The aim of SBI Card is to offer Indian consumers access to a wide range of world-class, value-added payment products and services. Our endeavor is to simplify the lives of our customers, employees and other important stakeholders.
  • Our innovative products and services along with our responsible corporate citizenship practices form the framework of delivering on this promise.
  • Within a short span of 10 months, we achieved a credit card customer base of 1 lakh. We entered the '1Million Card Club’ in 2002 and crossed the 2 million card base in 2005.
  • Today, with over 9 million credit card customers, we are the second largest credit card issuer in the country.

SBI Credit Card Portfolio

SBI Card has a wide portfolio catering to both individual and corporate customers. It offers variety of cards across consumer segments that include:

  • Premium Cards - SBI Card Elite, SBI Card PRIME, Doctor’s SBI Card
  • Classic Cards - SimplySAVE SBI Card
  • Industry first initiatives- SimplyCLICK SBI Card, SBI Card Unnati
  • Corporate cards - SBI Signature Corporate Card, SBI Platinum Corporate Card
  • Co-branded cards – Ola Money SBI Card, Etihad Guest SBI Card, Apollo SBI Card, BPCL SBI Card, IRCTC SBI Card, TATA Cards, Yatra SBI Card, fbb SBI STYLEUP Card, Air India SBI Card, Mumbai Metro SBI Card, Capital First SBI Card.



Click Here to open demat account
Brokerage Rs.10/- only per executed order

IPO Detail


Issue Period Bid/offer opens on  : March 2,2020
Bid/offer opens on (QIB Bidders)  : March 4,2020
Bid/offer closes on : March 5,2020
Price band Rs.750/- - Rs.755 Per share
Employee Discount 75 per Equity shares to eligible Employees
Bid lot 19 Equity shares and in multiple thereafter
Issue size Fresh issue  : Rs.500 Crs
Offer for sale   : Up to 130,526,798 Equity shares
Employee Reservation Portion   : 1864669 Equity shares (Rs.125.87 Crs - Rs.126.80 Crs)
SBI Shareholders Reservation portion   : 13,052,680 Equity shares (Rs.978.95 Crs-985.48 Crs)
Total issue size   : Rs. 10,275.52 Crs-Rs.10340.79 Crs
QIB 50% of the Issue (Rs.4585.35 Crs - Rs.4614.26 Crs)
NIB 15% of the issue ( 1375.61 Crs - Rs.1384.28 Crs)
Retail 35% of the issue ( 3209.75 Crs - Rs.3229.98 Crs)
Listing NSE & BSE

For Mutual fund, SIP, Fixed deposit, Bond, NCD, Term plan, Mediclaim Click here

Click here to get SBI Cards DRHP


Disclaimer : We are not recommended to apply or not. Please consult your financial advisor.
Source of Details is various hence Please read once DRHP.