SBI Cards & Payment Services Ltd.
 
2nd Floor, Tower-B, Infinity Towers, DLF Cyber City, Block 2 Bu Gurugram, Haryana - 122002
Phone: 4589803

Public Issue of 137149315 Equity Shares of Rs 10.00 each for Cash at a Premium of Rs 745.00 per share.
Issue Open DateIssue Closing DateApplication MoneyAllotment Money
02/03/202005/03/2020755.00755.00
Lead Managers Registrar Listed at
AXIS CAPITAL LIMITED
DSP MERRILL LYNCH LIMITED
HSBC SECURITIES AND CAPITAL MARKETS (I) PVT LTD
KOTAK MAHINDRA CAPITAL COMPANY LTD.
NOMURA FINANCIAL ADVISORY & SECURITIES (I) P LTD.
SBI CAPITAL MARKETS LIMITED
Link Intime India Private Limited
C-101, 247 Park,
L.B.S. Marg, Vikhroli (West), ,
Mumbai, Maharashtra - 400083
Phone: 49186200 Fax: 49186195
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Object of the issue

The Offer comprises of a Fresh Issue and an Offer for Sale aggregating to Rs. [?] million.

The Offer for Sale

The object of the Offer for Sale is to allow the Selling Shareholders to sell an aggregate of up to [?] Equity Shares held by them. the Company will not receive any proceeds from the Offer for Sale.

Fresh Issue

The net proceeds of the Fresh Issue, i.e. Gross proceeds of the Fresh Issue less the Offer Expenses apportioned to the Company (“Net Proceeds”) are proposed to be utilised for augmenting the capital base to meet the future capital requirements.

Promoted by

The promoter of the Company is SBI and it currently holds (along with its nominees) 689,927,363 Equity Shares, constituting to 74.00 % of the pre-Offer issued, subscribed and paid-up Equity Share capital of the Company.

The Bank of Calcutta was established in the year 1806 and was renamed as the Bank of Bengal in the year 1809. The Bank of Bombay and the Bank of Madras were opened for business in the year 1840 and 1843, respectively. In the year 1921, the Bank of Bengal, the Bank of Bombay and the Bank of Madras were merged by an act of the legislature to form the Imperial Bank of India. Thereafter, on July 1, 1955, the Imperial Bank of India was nationalised and SBI was incorporated as a body corporate pursuant to the State Bank of India Act, 1955 (“State Bank Act”). Subsequently, in April 2017, certain associate banks of SBI being, State Bank of Bikaner and Jaipur, State Bank of Hyderabad, State Bank of Mysore, State Bank of Patiala and State Bank of Travancore and one non-associate bank of SBI being, Bhartiya Mahila Bank, were merged with SBI. SBI provides a wide range of banking and financial services including commercial banking and treasury operations and its primary place of business is located at State Bank Bhavan, Madame Cama Road, Mumbai 400 021, Maharashtra, India. The equity shares of SBI are currently listed on NSE, BSE and Ahmedabad Stock Exchange (“ASE”), however, SBI by way of an application to ASE dated January 27, 2015 has sought in-principle approval for voluntary delisting of its equity shares on ASE.

The President of India, acting through the Ministry of Finance, Government of India (the “President”) is SBI’s promoter and as of December 31, 2019, the President holds approximately 57.68% of SBI’s fully-diluted paid-up share capital. Further, the State Bank Act provides that the Government of India shall at all times hold not less than 51.00% of SBI’s total share capital. Additionally, as SBI’s promoter, the President has effective control over the affairs of SBI.