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. Issue Opens On Closes On 02-Mar-20 05-Mar-20 Money Payable On Application Allotment 755.00 0.00 Minimum Application for shares in Nos : 19 Further Multiples of : 19 Cr Lead Managers to the Issue Project Cost (.Cr) 499.33 Axis Capital Ltd Project Financed through Current Offer (.Cr) 10340.79   Post Issue Equity Share Capital (.Cr) 938.96 Issue Price () 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

No Data Available