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Home » Business » SBI Cards IPO: Allotment of SBI Cards IPO share announced, here’s how to check

SBI Cards IPO: Allotment of SBI Cards IPO share announced, here’s how to check

The allotment status of the IPO, once declared, can be seen on their official website of Link Intime India- an integrated player in the IPO and corporate registry business

By Newsd
Updated on :
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Investors who have subscribed to the initial public offering (IPO) of SBI Cards and Payment Services are keenly awaiting to know about their share allocation.

The allotment status of the IPO, once declared, can be seen on their official website of Link Intime India- an integrated player in the IPO and corporate registry business.

Initially, the share sale of SBI Cards and Payment Services, part of the country’s largest public-sector lender SBI, was subscribed 22.45 times on the final day of bidding i.e. March 5.

How to check the allotment status of the SBI Cards IPO:

  • Visit LinkIn time website and click on investors centre
  • Click public issues- equities
  • Click on issue applied for i.e. SBI Cards and Payment Services in the drop-down menu
    Then one should enter the Permanent Account Number (PAN) or application number or Client ID
  • After entering Captcha code click submit. The allotment status will be displayed

SBI Cards IPO can be considered as one of the largest share sales in recent times, both in terms of size and its oversubscription.

The offer received over 37 lakh applications generating demands of Rs 2 lakh crore, merchant banking sources added. The company raised Rs 2,769 crore from 74 anchor investors.

The IPO comprises of a fresh equity issue worth Rs 500 crore and a total dilution of around 14 per cent can expect to be done through SBI Cards IPO by taking an Offer For Sale (OFS) route.

SBI IPO has plans to raise Rs 10,355 crore through this IPO. It has already raised Rs 2,769 crore from 74 anchor investors through 12 mutual funds. The listing on BSE and NSE of the IPO is likely to take place on March 16.

State Bank of India (SBI) as of now currently holds 76 per cent stake in SBI Cards while the rest is with Carlyle Group.

Read: SBI cards IPO all set for subscription, here is all you need to know

Also Read: SBI Cards IPO to remain open for extra day, know more

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