Brokers usually take bids until: Zerodha 4:45 PM, Groww 4:50 PM, Angel One and Upstox 5:00 PM (HNI 4:00 PM). Check the exact time with your broker or bank.
Total Issue Size
Fresh Issue + Offer For Sale
Fresh Issue (FI)
Proceeds go to the company
Offer For Sale (OFS)
Proceeds go to the existing investors
Augment Capital Base
To augment the company's capital base to meet future capital requirements arising out of growth in business.
Offer for Sale & Listing Benefits
To achieve the benefits of listing the equity shares on the stock exchanges and carry out the Offer for Sale by selling shareholders.
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(₹ in Crore)
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SBI Cards and Payment Services Limited (SBI Card) was incorporated in October 1998 as a strategic joint venture between the State Bank of India and GE Capital. It stands as India's second-largest credit card issuer and the first pure-play credit card company to list on Indian stock exchanges. The company provides a comprehensive suite of credit card products to individual and corporate customers across diverse spending segments and income brackets. Operating under a robust technology infrastructure, SBI Card leverages the extensive branch network and client distribution of its parent entity, State Bank of India. Its portfolio encompasses co-branded credit cards, value-added cards, premium offerings, and corporate card solutions tailored to retail shopping, travel, utilities, and lifestyle spending. As a systemically important non-deposit-taking Non-Banking Financial Company (NBFC) regulated by the Reserve Bank of India, the company maintains strategic partnerships with global payment networks including Visa, Mastercard, and RuPay. It continuously expands its digital adoption and customer acquisition channels across Tier-1, Tier-2, and Tier-3 geographic markets across India.
SBI Cards and Payment Services Limited finalized the allocation of 36,669,589 equity shares to 74 anchor investors at the upper price band of ₹755 per share on February 28, 2020, raising ₹2,768.55 crore. Prominent global sovereign and institutional participants included the Government of Singapore, Monetary Authority of Singapore, Kuwait Investment Authority, BlackRock, Nomura, and Fidelity Funds. Major domestic institutional allottees included leading Indian mutual funds such as HDFC Mutual Fund, ICICI Prudential, SBI Mutual Fund, Axis Mutual Fund, and Aditya Birla Sun Life.
Source: RHP • Analysis provided for informational purposes
Last Updated: 28 July 2026, 3:26 PM
Leading Credit Card Issuer
Second-largest credit card issuer in India with strong brand equity derived from State Bank of India.
Diversified Product Portfolio
Broad offering of co-branded, premium, and corporate credit cards targeting varied customer demographics.
Pan-India Distribution Network
Extensive distribution footprint leveraging SBI's vast bank branch network for cross-selling.
Advanced Digital Stack
Proprietary technology platform enabling efficient credit assessment, risk analytics, and onboarding.
Macroeconomic & Credit Quality Risk
High vulnerability to economic downturns and unexpected spikes in non-performing assets.
Intense Sector Competition
Strong competition from commercial banks, fintech companies, and emerging payment platforms.
Regulatory & Fee Restrictions
Evolving regulations and potential fee caps imposed by monetary authorities on payment networks.
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Unit 401 & 402, 4th Floor, Aggarwal Millennium Tower, E-1, 2, 3, Netaji Subhash Place, Wazirpur, New Delhi - 110034, India
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Ecosystem Partner Reliance
Dependence on strategic credit card partner networks and third-party technology providers.