SBI's credit card arm likely to launch IPO early next month; plans to raise Rs 9,000 cr via maiden issue
4 years, 10 months ago

SBI's credit card arm likely to launch IPO early next month; plans to raise Rs 9,000 cr via maiden issue

Firstpost  

Last week, the SBI subsidiary received markets regulator the Securities and Exchange Board of India’s approval to float an initial public offering. SBI Cards and Payment Services, the credit card unit of the country’s largest lender State Bank of India, may hit the market with the initial public offering early next month. SBI Cards and Payment Services, which is backed by private equity firm Carlyle Group as well, plans to raise Rs 9,000 crore through the IPO, said a report in Mint. SBI Cards and Payment Services, which had filed draft IPO papers in November last year, obtained “observations” from the SEBI on 11 February, reported PTI.

Market Issue Public Cards Offer Ipo Sbi Payment Services Seb Sbi Cards Carlyle Group  launch  shares  offer  issue  cards  plans  raise  ipo  rs  public  month  initial  sbi  equity  market  maiden  likely  sbis

History of this topic

Upcoming IPOs: Six IPO share listings in focus. one mainboard, one SME IPO also to hit D-Street in coming week
1 week, 4 days ago

Upcoming IPOs: Six IPO share listings in focus. one mainboard, one SME IPO also to hit D-Street in coming week

Live Mint  

Upcoming IPOs: There is certainly no question that the primary market has been very active throughout 2024. Upcoming IPOs Indo Farm Equipment IPO Mainboard IPO: Indo Farm Equipment's IPO, valued at ₹260 crore, is set to open for public subscription on December 31 and will close on January 2, with the bidding for anchor investors available for one day on …

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer
4 weeks, 1 day ago

One MobiKwik Systems IPO subscribed 7.3 times on first day of offer

The Hindu  

The initial public offering of fintech company One MobiKwik Systems got subscribed 7.3 times, receiving an overwhelming response from retail investors, on the first day of sale on Wednesday. The Retail Individual Investors part got subscribed 26.71 times, while non-institutional investors category received 8.97 times subscription, and the quota for Qualified Institutional Buyers received a mere 2 per cent subscription. …

India IPO share sales rise to record in 2024, growing about 3-fold from last year on upbeat investor appetite
4 weeks, 1 day ago

India IPO share sales rise to record in 2024, growing about 3-fold from last year on upbeat investor appetite

Live Mint  

Investors purchased a record ₹1,34,345 crore of shares in initial public offerings so far in 2024, as 76 companies including Hyundai Motor India, Swiggy, NTPC Green and Bajaj Housing Finance listed on the stock exchanges, giving venture capital and private equity firms profitable exits. Sai Life Sciences’ investors such as TPG Asia and HBM Private Equity India are expected to …

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart
Trending News
1 month ago

IPOs Ahead: Equity Markets To See Rush Of 11 Maiden Offers Including Mobikwik, Vishal Mega Mart

ABP News  

The equity markets are all set to witness major action on the intial public offering front in the coming week. About 11 firms are gearing up to launch their maiden offers in the week including Sai Life Sciences, Vishal Mega Mart, One Mobikwik Systems, and Inventurus Knowledge Solutions Ltd. Along with five mainboard IPOs, six SMEs are also gearing up …

SME IPOs: Sebi seeks to double minimum subscription to protect investors
1 month, 3 weeks ago

SME IPOs: Sebi seeks to double minimum subscription to protect investors

Live Mint  

The market regulator has proposed to at least double the minimum subscription amount for initial public offerings of small and medium enterprises as participation of retail investors in these offers has been rising. The regulator proposed increasing the minimum application size for SME IPOs from ₹1 lakh to ₹2 lakh, according to a consultation paper released by the Securities and …

Sebi approves IPO plans of FirstCry, SoftBank-backed Unicommerce eSolutions
6 months, 1 week ago

Sebi approves IPO plans of FirstCry, SoftBank-backed Unicommerce eSolutions

Business Standard  

The Securities and Exchange Board of India has given the nod to initial public offers of SoftBank-backed Unicommerce eSolutions, FirstCry parent Brainbees Solutions, Interarch Building Products, and Gala Precision Engineering. Pune-based Brainbees Solutions, the parent firm of retailer FirstCry, had refiled its draft red herring prospectus in May after the market regulator raised questions on key performance metrics. Noida-based Interarch …

SBI to divest its 2% equity stake in NSDL IPO via OFS
1 year, 5 months ago

SBI to divest its 2% equity stake in NSDL IPO via OFS

Live Mint  

State Bank of India today said it proposes to sell 2% stake by offloading 40 lakh shares in depository organisation NSDL. State Bank of India proposes to participate in an Initial Public Offering of National Securities Depositories Limited by way of offer for sale of up to 2% equity stake held by the Bank in NSDL. SBI holds 5 per …

SBI share price: Experts give ’buy’ tag as bank mulls fund raise. Buy or wait?
1 year, 7 months ago

SBI share price: Experts give ’buy’ tag as bank mulls fund raise. Buy or wait?

Live Mint  

SBI share price: The State Bank of India shares edged lower in early morning deals on Tuesday. SBI share price outlook Speaking on why one should add SBI shares in stock portfolio, Chandan Taparia, Derivative & Technical Analyst at Motilal Oswal said, "In the wake of interest rate pause announced by the Reserve Bank of India in its April monetary …

After high card additions in February, what are the triggers for SBI Card stock?
1 year, 9 months ago

After high card additions in February, what are the triggers for SBI Card stock?

Live Mint  

SBI Cards and Payment Services Ltd has been reporting steady growth in its credit cards outstanding instead of new card additions. According to data from the Reserve Bank of India, SBI Card saw the highest new credit card additions of around 300,000 in February. In terms of overall credit cards outstanding, SBI Card grew 2% sequentially in February while HDFC …

SBI Card board to consider interim dividend on 21 March, fixes record date
1 year, 9 months ago

SBI Card board to consider interim dividend on 21 March, fixes record date

Live Mint  

SBI Cards and Payment Services Ltd on Thursday said the company's board will meet on 21 March, 2023 to consider declaration and payment of an interim dividend for fiscal 2022-23. "A meeting of the Board of Directors of the Company is scheduled to be held on Tuesday, 21 March, 2023, inter alia, to consider declaration and payment of the interim …

‘No business to suggest…’: SEBI chief on IPO pricing of new-age tech firms
2 years, 3 months ago

‘No business to suggest…’: SEBI chief on IPO pricing of new-age tech firms

Hindustan Times  

Securities Exchange Board of India chairperson Madhabi Puri Buch on Tuesday said the capital markets regulator has no business to suggest pricing of the initial share sale of new-age technology companies. Sebi chairperson Madhabi Puri Buch said a company is free to ask for a higher price, but needs to disclose what happened in the intervening period which justifies the …

Sebi Gives Approval To 28 Companies in April-July To Launch IPOs; Check Details
2 years, 5 months ago

Sebi Gives Approval To 28 Companies in April-July To Launch IPOs; Check Details

News 18  

The Securities and Exchange Board of India gave its approval to initial public offerings through which 28 companies plan to raise about Rs 45,000 crore in April-July 2022. The firms that have got the Sebi approval for IPOs include Bharat FIH, a subsidiary of FIH Mobiles and a Foxconn Technology Group; lifestyle retail brand FabIndia; Blackstone-backed Aadhar Housing Finance; TVS …

FabIndia, Aether Industries, 5 others get Sebi nod to float IPOs
2 years, 8 months ago

FabIndia, Aether Industries, 5 others get Sebi nod to float IPOs

Live Mint  

Seven companies, including lifestyle retail brand FabIndia and specialty chemical company Aether Industries, have received capital markets regulator Sebi's go-ahead to raise funds through initial share sales. Meanwhile, Aether Industries' ₹1,000 crore IPO consists of a fresh issue of equity shares aggregating to ₹757 crore and an OFS of up to 2,751,000 equity shares. Electronic manufacturing services firm Syrma SGS …

LIC, SBI Mutual Funds, OYO and More: Top 5 IPOs You Should Watch Out for This Year
3 years ago

LIC, SBI Mutual Funds, OYO and More: Top 5 IPOs You Should Watch Out for This Year

News 18  

IPOs to Watch Out for in 2022: The year 2021 was a golden year for companies who floated their initial public offerings or IPOs, many of which saw stellar listings at the Dalal Street. The recent IPO boom in India is expected to get carried forward to the new year 2022, with more and more key companies joining the list …

IPO rush continues; 10 cos line up public issues worth Rs 10,000 cr in Dec
3 years, 1 month ago

IPO rush continues; 10 cos line up public issues worth Rs 10,000 cr in Dec

Deccan Chronicle  

New Delhi: The IPO lane will continue to be busy in December as 10 companies have lined up initial share-sale plans worth more than Rs 10,000 crore, merchant banking sources said on Wednesday. Among the companies that scheduled their IPOs in this month include RateGain Travel Technologies, travel and hospitality technology services provider, and Anand Rathi Wealth Ltd, part of …

MobiKwik gets SEBI nod for ₹1,900 crore IPO
3 years, 3 months ago

MobiKwik gets SEBI nod for ₹1,900 crore IPO

The Hindu  

MobiKwik has received markets regulator SEBI's approval to launch an initial public offering, through which it plans to raise up to ₹1,900 crore. American Express Travel Related Services Company Inc, Bajaj Finance, Cisco Systems Pte Ltd, Sequoia Capital India Investment Holdings III, Sequoia Capital India Investments IV, Tree Line Asia Master Fund Pte Ltd, as well as the company's promoters …

2021 is shaping up to be a strong year for IPOs
4 years, 1 month ago

2021 is shaping up to be a strong year for IPOs

Live Mint  

After a decent show so far in 2020 despite the pandemic, the initial public offer market is awaiting a bumper crop with more than 30 IPOs worth over ₹30,000 crore lined up for the new year. Come 2021 IPO street, consumer companies are set to dominate the market with Kalyan Jewellers, Indigo Paints, Stove Kraft, Samhi Hotels, Apeejay Surrendra Park …

Sebi’s public float plan to aid LIC IPO
4 years, 1 month ago

Sebi’s public float plan to aid LIC IPO

Live Mint  

The markets regulator on Friday proposed to reduce the size of large initial public offerings, a move that would make it easier for state-run Life Insurance Corp. of India to comply with initial share sale rules. All listed companies are required to comply with the minimum public shareholding requirement of 25% within three years of their listing and those launching …

SBI Cards makes weak debut at bourses; plunges nearly 13% against issue price of Rs 755
4 years, 9 months ago

SBI Cards makes weak debut at bourses; plunges nearly 13% against issue price of Rs 755

Firstpost  

The SBI scrip listed at Rs 658, dropping 12.84 percent from the issue price on the BSE. New Delhi: Shares of SBI Cards and Payment Services made a weak debut at the bourses on Monday, plunging nearly 13 percent, against its issue price of Rs 755. #NewListing | SBI Card settles at Rs 661/Sh in pre-opening on NSE against the …

SBI Cards IPO: Allotment of SBI Cards IPO share announced; Simple steps to check status
4 years, 9 months ago

SBI Cards IPO: Allotment of SBI Cards IPO share announced; Simple steps to check status

India TV News  

SBI Cards IPO Allotment: Investors who subscribed to the IPO of the SBI Cards and Payment Services and are keenly awaiting the allotment of shares, can check their share status. SBI Cards IPO was open for four days from March 2 and closed for subscription on 5 March 2020. How to check SBI Cards IPO Allotment status: To check your …

SBI Cards IPO: Check status of allotment of shares
4 years, 9 months ago

SBI Cards IPO: Check status of allotment of shares

India TV News  

SBI Cards IPO: The wait is over. Those who had applied for shares of SBI cards in its recent IPO, can check the status of your allotment on the website of Link Intime India, the registrar of the IPO. SBI Cards, which is the credit card arm of the SBI, drew bids for 225 crore shares, compared about 10 crore …

SBI Cards IPO opens today: Key points you need to know before investing
4 years, 10 months ago

SBI Cards IPO opens today: Key points you need to know before investing

India TV News  

SBI Cards IPO: The IPO of SBI Cards will open for subscription on Monday i.e March 2, 2020, amid a lot of buzz about the issue. The initial public offer or IPO of SBI Cards and Payment Services, India's one of the largest credit card issuer, will open for subscription on Monday. SBI Cards IPO aims to raise over ₹10,000 …

SBI Cards IPO: How to apply for SBI Cards IPO? Check price band, lot size, eligibility criteria
4 years, 10 months ago

SBI Cards IPO: How to apply for SBI Cards IPO? Check price band, lot size, eligibility criteria

India TV News  

SBI Cards IPO: The initial public offer or IPO of SBI Cards and Payment Services, India's one of the largest credit card issuer, will open next week on March 2. SBI Card IPO Details: Open Date: Mar 02 2020 Close Date: Mar 05 2020 Total Shares: 137,193,464 Face Value: ₹ 10 Per Equity Share Issue Type: Book Building Issue Size: …

SBI Cards and Payment Services sets IPO price band at Rs 750-755; maiden public offer to open on 2 March
4 years, 10 months ago

SBI Cards and Payment Services sets IPO price band at Rs 750-755; maiden public offer to open on 2 March

Firstpost  

Mumbai: The second largest card issuer SBI Cards & Payment Services, which is hitting the primary market with a Rs 9,000-crore initial public offering, has set the price band for the share sale at Rs 750-755. SBI holds 74 percent in SBI Card and the rest by the Carlyle Group and they will pare their stakes by 4 percent and …

NSE approaches markets regulator Sebi for IPO
5 years ago

NSE approaches markets regulator Sebi for IPO

India TV News  

The National Stock Exchange on Monday said it has approached markets regulator Sebi for its initial public offering and hopes to launch the public issue by September this year subject to approvals. "We have approached Sebi to seek its approval for the IPO and after that we will start the process of appointing merchant bankers, who will help the exchange …

SBI shelves IPO plans for general insurance arm; card joint venture to hit market in Q4
5 years, 3 months ago

SBI shelves IPO plans for general insurance arm; card joint venture to hit market in Q4

Firstpost  

Leh: The largest lender State Bank has dropped its plan to take its general insurance arm public as there is no need for additional capital now, chairman Rajnish Kumar has said. SBI General, valued at over Rs 12,000 crore recently, is a joint venture between SBI and Insurance Australia Group with a 26 percent ownership. The IPO will be launched …

SBI shelves IPO plans for general insurance arm, card JV to hit market in Q4
5 years, 3 months ago

SBI shelves IPO plans for general insurance arm, card JV to hit market in Q4

Live Mint  

The State Bank of India chairman Rajnish Kumar has said that the bank has dropped its plan to take its general insurance arm public as there is no need for additional capital now. India's largest lender, was earlier looking for an IPO for SBI General Insurance in FY21. When asked if the initial public offering for general insurance will happen …

SBI launches OFS to sell stake in life insurance biz
5 years, 3 months ago

SBI launches OFS to sell stake in life insurance biz

Live Mint  

State Bank of India, India’s largest lender, on Thursday launched a two-day offer for sale to sell a 4.5% stake in SBI Life Insurance Co. Ltd. Stock exchange filings show, SBI is looking to sell up to 3.5% through the OFS, with an option to sell an additional 1%. SBI Life started as a joint venture between the public sector …

SBI Card says IPO process initiated, decision on timing to hit market later
5 years, 4 months ago

SBI Card says IPO process initiated, decision on timing to hit market later

Live Mint  

SBI Card has initiated the process for an initial share sale and the decision on when to come out with the offer will be taken at an appropriate time, a senior company official said on Monday. As per the request for proposal for book running lead managers floated by the SBI Card, the company intends to tap capital markets via …

SBI's credit card business aims to raise $1.1 billion via IPO: source
5 years, 4 months ago

SBI's credit card business aims to raise $1.1 billion via IPO: source

India Today  

SBI has already tapped banks to run the IPO process and a listing is expected to happen in the last quarter of this financial year, bank officials have previously said. At the end of March 31, 2019, SBI Card, which is 74 per cent owned by SBI and 26 per cent by U.S private equity firm Carlyle Group, had total …

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