How shares are distributed among applicants in the shareholder's category?

Shares are distributed on a proportionate basis in SBI Card IPO shareholders category. The minimum allotment will be 19 shares (1 lot).

There is no limit while applying in shareholders category by a retail investor as long as they are applying only in this category. The retail investors (shareholders) can apply as much as they want.

If a retail investor intent to apply in both retail and shareholders category, the limit is Rs 2 Lakhs in shareholders category. For retail, the investor will be considered as RII or NII based on the amount you apply. It is considered as Retail Individual Bidders Portion (RII) for upto Rs 200,000 OR in Non-Institutional Bidders Portion (NII) when the Bid Amount exceeds Rs 200,000.