Can I apply in retail and shareholder quota for SBI Card IPO?

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An individual can also apply in the Shareholders category (any amount) if he holds the State Bank of India (SBI) shares in his demat account on the day of filing the SBI Card IPO RHP with SEBI. For SBI Card the date of filing RHP with SEBI is awaited.

SBI shareholders can apply in both; RII or NII as well as shareholder category with the maximum limit of Rs 200,000 in shareholders category.

Please note an eligible SBI shareholder bidding in SBI shareholder reservation portion (subject to bid amount not exceeding Rs 2,00,000 under SBI shareholder reservation portion) may also bid under net offer i.e. either in Retail Individual Bidders Portion for upto Rs 200,000 OR in Non-Institutional Bidders Portion such that the Bid Amount exceeds Rs 200,000 but not exceeding the size of the Net Offer (excluding QIB portion), subject to applicable limits.

An SBI Shareholders bidding in the SBI Shareholders Reservation Portion above Rs 200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids.

Topic: SBI Cards and Payment Services Ltd IPO Detail Page

7 Comments

7. Deep

| Link|March 4, 2020 9:13:08 PMReply

I want to apply for Retail category one lot... I already applied in shareholders category two lots..
Can I apply for both category?
Any suggestions?

6. Rohal

| Link|March 4, 2020 4:55:20 PMReply

What is the last date to apply IPO in shareholder category? is It 4th march or 5th march?

5. Inbaraj

| Link|March 2, 2020 4:40:49 PMReply

I have 2 demat accounts linked to same PAN
I have SBI shares in Demat 1

Can I apply for Share holder category from Demat 2?

5.1. Santosh Vijay Karajgikar

| Link|March 2, 2020 5:07:57 PM

I have same problem , if you are getting the answer for the same, please convey to me

4. Moxes Bhemani

| Link|February 28, 2020 12:34:21 PMReply

Can i apply shareholder and normal qouta both application from same bank and demat account?
And it is possibility to both qouta allotment?
Or only one lot can allot from this both form?

3. Amrit

| Link|February 27, 2020 12:42:24 AMReply

Can I apply under share holder category in SBI Card IPO through zerodha and under retail category through zerodha also.
I am already eligible for applying share holder category.

2. Nikhil R

| Link|December 9, 2019 7:21:16 AMReply

Hi Experts/Admin,

I have questions related to Share holders category applications, please answer.

1) Interesting! Applying 2 lacs each in shareholders category and Retail category (Total 4 lacs)? Does this not cross the limit of 2lakhs and make it a NII application?

2) Can both Share holders and Retail category applications both applied for same Demat account? Do you think it should be a different Demat account to avoid rejections?

3) When applying retail quota, I used to apply all my family 5 applications from my single SBI bank account. In case of Share holders application, Is this okay to do the same for shareholders quota also?
or for share holder category is there any restriction to apply from linked bank account only?

4) Lets say all my family members hold a SBI shares, it will become 10 applications (5 retail + 5 shareholders) from same bank account. Is that possible?

Regards,
Chintu

2.1. sunsan

| Link|December 27, 2019 10:33:02 AM

Answer for Q no 4 . total 5 applications will be allowed from one SBI account retail and shareholder togather it should be 5 only not 10.

1. Jogesh singla

| Link|December 14, 2019 5:56:54 PMReply

Its not the date of filling of rhp to sebi , its date is , the date mention on RHP .

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