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