At a glance
Updated 2026-08-23SBI Cards is a Mainboard IPO with an issue size of ₹10,340.79 crore, proposed for listing on BSE, NSE. The issue structure includes a fresh issue of ₹499.32 crore and an offer-for-sale component of ₹9,841.46 crore.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹10,340.79 Cr
Fresh issue₹499.32 Cr
Offer for sale₹9,841.46 Cr
Face value₹10
Price band₹750.00–₹755.00
Grey market
GMP page ↗Latest GMPNO GMP
GMP / upper priceNO DATA
Est. listingNO DATA
GMP is unofficial sentiment data, not an exchange price.
Subscription demand
Full bidding ↗NO DATAWaiting for a verified live exchange update.
Company
Use of proceeds
| Object | Amount |
|---|---|
| Augment our capital base to meet our future capital requirements | — |
KPIs
| KPI | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the BRLMs | 48.34 |
| 2 | Advertising and marketing expenses | 25.41 |
| 3 | Fees payable to the Registrar to the Offer | 7.25 |
| 4 | Brokerage and selling commission payable to Syndicate, Registered Brokers, RTAs and CDPs,as applicable | 15.85 |
| 5 | Processing fees to the SCSBs and fees to the Sponsor Bank for ASBA Forms procured by Registered Brokers, RTAs or CDPs | 6.66 |
| 6 | Printing and distribution of issue stationery | 6.34 |
| 7 | Fees to regulators, including stock exchanges | 7.51 |
| 8 | SEBI, BSE and NSE processing fees, book building and listing fees and other regulatory expenses; | 7.58 |
| 9 | Fees payable tolegal counsels | 4.07 |
| 10 | Miscellaneous | 9.74 |
Valuation & shareholding
Pre-IPO P/E45.8
Promoter holding pre74%
Promoter holding post69.51%
Market cap₹70890.00 Cr.
Issue expenses
| Expense | Amount |
|---|---|
| Fees payable to the BRLMs | ₹48.34 Cr |
| Advertising and marketing expenses | ₹25.41 Cr |
| Fees payable to the Registrar to the Offer | ₹7.25 Cr |
| Brokerage and selling commission payable to Syndicate, Registered Brokers, RTAs and CDPs,as applicable | ₹15.85 Cr |
| Processing fees to the SCSBs and fees to the Sponsor Bank for ASBA Forms procured by Registered Brokers, RTAs or CDPs | ₹6.66 Cr |
| Printing and distribution of issue stationery | ₹6.34 Cr |
| Fees to regulators, including stock exchanges | ₹7.51 Cr |
| SEBI, BSE and NSE processing fees, book building and listing fees and other regulatory expenses; | ₹7.58 Cr |
| Fees payable tolegal counsels | ₹4.07 Cr |
| Miscellaneous | ₹9.74 Cr |
Registrar & lead managers
Registrar
MUFG Intime India Pvt.Ltd.Lead managers
- Kotak Mahindra Capital Co.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-08-23.