| Summary | Date | Stock | Author | LTP | Target | Price at reco (Change since reco%) |
Upside(%) | Type | Report | Discuss | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 29 Feb 2020 | SBI Cards and Payment |
HDFC Securities
|
856.15 |
IPO Subscribe
|
IPO Note SBI Cards - Subscribe
HDFC Securities
IPO Note SBI Cards - Subscribe Issue Open: March 02 - March 04, 20 (QIB) March 02 - March 05, 20 (Others) Price Band: Rs. 750 - 755 (Discount for Employee: Rs.75 per Share) Issue Size: 137,149,315 equity shares (Fresh issue 6,622,517 + Offer for sale of 130,526,798 equity shares)
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| 28 Feb 2020 | SBI Cards and Payment |
Prabhudas Lilladhar
|
856.15 |
IPO Subscribe
|
Company Initiation - Play on cashless consumption
Prabhudas Lilladhar
Prabhudas Lilladher Pvt. Ltd. and/or its associates (the 'Firm') does and/or seeks to do business with companies covered in its research reports. As a result investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of the...
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| 28 Feb 2020 | SBI Cards and Payment |
Prabhudas Lilladhar
|
856.15 |
IPO Subscribe
|
Company Initiation - Play on cashless consumption
Prabhudas Lilladhar
Prabhudas Lilladher Pvt. Ltd. and/or its associates (the 'Firm') does and/or seeks to do business with companies covered in its research reports. As a result investors should be aware that the Firm may have a conflict of interest that could affect the objectivity of the...
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| 28 Feb 2020 | SBI Cards and Payment |
Aditya Birla Money Limited
|
856.15 |
IPO Subscribe
|
IPO Note - SBI Cards & Payment Services Ltd - 28 F
Aditya Birla Money Limited
SBI Cards & Payment Services (SBIC), a JV between SBI & CA Rover Holdings (Carlyle Group) is launching an IPO with OFS of 130.5mn shares (~` 98.5 bn) and fresh issue of ` 5 bn. It is the 2nd largest credit card issuer in India with market share of ~18% and the largest co-brand credit card issuer, having partnerships with several major players. It is a play on improving...
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| 27 Feb 2020 | SBI Cards and Payment |
LKP Securities
|
856.15 |
IPO Subscribe
|
SBI Cards and Payment Services - Subscribe
LKP Securities
SBI Cards, a NBFC Systematically Important Non-Deposit Taking Company (NBFC-ND-SI) and subsidiary of SBI, having nearly 20 yrs of operating history is the second largest credit card company with market share of 17.9%. It is a JV between SBI (which holds 74% in the company) and Carlyle Group (26%). Business model of the company is unique as it is the only company in India having pure credit card business whereas for other banks, credit card business is done via bank only and there is no separate subsidiary for the same business. Hence, SBI Cards enjoys superior return ratios ROE and...
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| 27 Feb 2020 | SBI Cards and Payment |
Ventura
|
856.15 |
IPO Subscribe
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| 27 Feb 2020 | SBI Cards and Payment |
ICICI Securities Limited
|
856.15 |
IPO Subscribe
|
SBI Cards - IPO
ICICI Securities Limited
SBI Cards (SBIC), a subsidiary of State Bank of India, is the second largest credit card issuer with 93.2 lakh outstanding credit cards and ~ | 98486 crore in terms of total credit card spends as on December 2019, entailing into a market share of 18.1% and 17.9% respectively. Diversified customer acquisition network and large product suite (largest number of co-branding partnership) enables better customer engagement across multiple channels. SBIC has maintained a strong earnings trajectory with revenue growth at 44.6% CAGR to ~| 6999 crore in 2017 and net profit trajectory at 52.1%...
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| 27 Feb 2020 | SBI Cards and Payment |
Systematix Group
|
856.15 |
IPO Subscribe
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| 26 Feb 2020 | SBI Cards and Payment |
Ashika Research
|
856.15 |
IPO Note
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| 26 Feb 2020 | SBI Cards and Payment |
Hem Securities
|
856.15 |
IPO Subscribe
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