SBI cards IPO allotment status: Waiting for share allocation? Here is how to check

SBI cards IPO allotment status: Despite a plunging market, investors are eagerly waiting for SBI Cards IPO. The IPO was closed on March 5 and the share allocation can happen soon. The IPO is expected to be listed on BSE and NSE on March 16. Have you also invested in SBI cards IPO? Well, then you can check the allotment on the website of Link Intime India, the registrar of the IPO. Follow these steps to check the status -

1. Go to the Link Intime India website.

2. Select the issue you applied for - SBI Cards and Payment Services in the drop down menu.

3. Ennter your PAN Number or Application Number or DP / Client ID.

4. Enter Captcha code and click on Submit button

WATCH Zee Business TV LIVE Streaming Online

In case you have any queries, you can send a mail to the official email ID - ipo.helpdesk@linktime.co.in or call at 022 49186200.

As per the draft papers, SBI Cards will offer up to 130,526,798 equity shares through an offer for sale route. This will include up to 37,293,371 share sale by SBI and up to 93,233,427 shares on offer by Carlyle Group. In addition, the company will also issue fresh equity shares of Rs 500 crore. SBI holds 76 per cent in SBI Cards and rest of the stake is held by Carlyle Group.

Kotak Mahindra Capital, Axis Capital, DSP Merryl Lynch, Nomura Financial Advisory, HSBC Securities and SBI Capital Markets are the book-running lead managers of the issue. Singapore government, Monetary Authority of Singapore, HDFC Mutual Fund, Government Pension Fund Global and Birla Mutual Fund, are among the anchor investors.