Upcoming IPO of 2020

upcoming ipo

nitial Public Offer (IPO), is the first sale of shares by the privately owned company to the public. The companies going public raises funds through IPO for working capital, debt repayment, acquisitions, and a host of other uses.

The investor can apply for IPO Stocks by filling an IPO Application Form. These forms are usually available with stockbrokers for free. The investor can also apply for IPO Stocks online through Online Stock Brokers like ICICI bank, Share Khan, and Reliance Money.

1. SBI Cards and Payment Services Ltd IPO (SBI Cards IPO) Detail

Incorporated in 1998, SBI Cards and Payment Services Limited is a subsidiary of SBI, India’s largest commercial bank in terms of deposits, advances and the number of branches. SBI 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.

sbi card ipo

The company the 2nd largest credit card issuer in the country, with a 17.6% and 18.1% market share of the Indian credit card market (number of credit cards) as of March 31, 2019, and November 30, 2019, respectively, and a 17.1% and 17.9% market share of the Indian credit card market ( total credit card spends) in fiscal 2019 and in the eight months ended November 30, 2019.

SBI Cards offers a wide range of credit cards to individual and corporate clients including lifestyle, rewards, shopping, travel, fuel, banking partnership cards, and corporate cards, etc.

SBI Cards has partnered with several leading names across industries, including Air India, Apollo Hospitals, BPCL, Etihad Guest, Fbb, IRCTC, OLA Money and Yatra, amongst others.

As a subsidiary of SBI, the company has access to SBI’s extensive network of 21,961 branches across India. The partnership enables it to market its cards to a huge customer base of 445.5 million customers.

Headquartered in New Delhi, as of December 31, 2019, the company has a sales force of 38,677 outsourced sales personnel operating out of 145 Indian cities.

The company’s total income increased at a CAGR of 44.9% and the revenues from operations have increased at a CAGR of 44.6% between fiscal 2017 to 2019. The net profit grew at a CAGR of 52.1% during the period.

Competitive Strengths

  1. 2nd largest credit card issuer in India with a strong track record of growth and profitability.
  2. Leading player in open market customer acquisitions using physical and digital channels in India.
  3. A well-known promoter in SBI with strong brand recognition.
  4. Diversified credit card portfolio and partnerships with leading brands across industries.

SBI Cards IPO Details

Issue Open Mar 2, 2020 – Mar 5, 2020
Issue Type Book Built Issue IPO
Issue Size
Fresh Issue [.] Eq Shares of ₹10
(aggregating up to ₹500.00 Cr)
Offer for Sale 130,526,798 Eq Shares of ₹10
(aggregating up to ₹[.] Cr)
Face Value ₹10 Per Equity Share
Issue Price [.] to [.] Per Equity Share
Market Lot
Min Order Quantity
Listing At BSE, NSE

SBI Cards IPO Tentative Date / Timetable

Bid/Offer Opens On Mar 2, 2020
Bid/Offer Closes On Mar 5, 2020
Finalisation of Basis of Allotment Mar 11, 2020
Initiation of Refunds Mar 12, 2020
Credit of Shares to Demat Acct Mar 13, 2020
IPO Shares Listing Date Mar 16, 2020

SBI Cards IPO Promoter Holding

Pre Issue Share Holding 74%
Post Issue Share Holding

2. ICL Organic Dairy Products Ltd IPO (ICL Dairy IPO) Detail

Incorporated in 2013, ICL Organic Dairy Products Ltd is engaged in all sorts of dairy business such as dairy farming, breeding of mammals, and animal husbandry. The company takes the animals either under an agreement or rent with any other person on profit sharing basis to deal with all kinds of products such as milk, cream, paneer, ghee and other by-products.

icl organic dairy products limited ipo

The company deals with milk contractors, dairymen, vendors, milers, dealers, and purveyors. The company is mainly active in Bareilly, Badaun, and Pilibhit districts of Uttar Pradesh. The company focuses on good quality milk and has a veterinary supporting staff to train the farmers.

The main work of the company is to collect the milk from other dairy farmers and its own facility and distribute it to dairy establishments, sweet shops and various households.

Competitive Strengths

  1. Long-standing client base
  2. Existing supplier relationship
  3. Focus on a quality product

ICL Dairy IPO Details

Issue Open Jan 31, 2020 – Feb 7, 2020
Issue Type Fixed Price Issue IPO
Issue Size 2,040,000 Eq Shares of ₹10
(aggregating up to ₹4.08 Cr)
Face Value ₹10 Per Equity Share
Issue Price ₹20 Per Equity Share
Market Lot 6000 Shares
Min Order Quantity 6000 Shares
Listing At BSE SME
P/E (x) 80
Market Cap (₹ Cr.) 12

ICL Dairy IPO Tentative Date / Timetable

Bid/Offer Opens On Jan 31, 2020
Bid/Offer Closes On Feb 7, 2020
Finalisation of Basis of Allotment Feb 11, 2020
Initiation of Refunds Feb 12, 2020
Credit of Shares to Demat Acct Feb 13, 2020
IPO Shares Listing Date Feb 14, 2020

ICL Dairy IPO Lot Size and Price (Retail)

Application Lots Shares Amount (Cut-off)
Minimum 1 6000 ₹120,000
Maximum 1 6000 ₹120,000

ICL Dairy IPO Promoter Holding

Pre Issue Share Holding 72.71%
Post Issue Share Holding 47.99%

3. Antony Waste Handling Cell Ltd IPO (Antony IPO) Detail

Incorporated in 2001, Antony Waste Handling Cell Limited is engaged in offering Municipal Solid Waste (MSW) Management services. The service range of the company includes solid waste collection, transportation, processing and disposal services to Indian municipalities. It has in-house expertise in landfill construction and management sector.

Antony IPO

The company is a part of Antony group which has a diversified business model including ancillary and automotive body-building industries. Till 30 Nov 2018, Antony Waste Handling Cell Ltd has completed 25 projects for municipalities and private players. The company mainly takes MSW processing projects, MSW C&T projects, and mechanized sweeping projects.

Some of the major clients of the company are Municipal Corporation of Delhi (MCD), Jaypee International Sports, and Kalyan Dombivali Municipal Corporation (KDMC). Currently, the company has 515 vehicles whose components are obtained from international suppliers named BUCHER Municipal AG and Compost System GmbH.

Key Strengths of Antony Waste Handling Cell Ltd

  1. Leading MSW management services provider in India
  2. Experience in handling more than 25 MSW projects
  3. Modern and well-maintained vehicles

Antony IPO Details

Issue Open
Issue Type Book Built Issue IPO
Issue Size
Fresh Issue [.] Eq Shares of ₹5
(aggregating up to ₹43.50 Cr)
Offer for Sale 9,442,164 Eq Shares of ₹5
(aggregating up to ₹[.] Cr)
Face Value ₹5 Per Equity Share
Issue Price [.] to [.] Per Equity Share
Market Lot
Min Order Quantity
Listing At BSE, NSE

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