What is the maximum limit in the employee category in SBI Card IPO?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

The maximum amount SBI Employee can apply for in SBI Cards IPO under the Employee category is Rs 500,000.

However, the initial allotment to an employee is limited to Rs 200,000 only. The remaining Rs 300,000 will be considered in case of under-subscription. The unsubscribed portion will be allocated proportionately to all Eligible Employees applied between Rs 2L to Rs 5L.

Topic: SBI Cards IPO Employees Application - Explained Article

Comments

Add a public comment...

Find more questions on this topic

How much is SBI Card IPO Employee Discount?
What is for SBI staff in SBI card IPO?
Can I sell my share allocated in employee quota on the listing day of SBI Cards IPO?
Can a retired employee of SBI apply under the employee quota of the SBI card IPO?
Can SBI pensioner apply in the employee category of SBI card IPO?
Can an SBI employee bid in both, employee and shareholders quota in SBI Card IPO?
Are there any restrictions on the shares allotted to SBI employees in SBI Cards IPO?
Can SBI employee apply in Employee portion through others Demat account?
How can I bid at or above the offer price in SBI Cards Employee category?
How many shares are reserved for employees in SBI Card IPO?
How shares are distributed among applicants in employee category?
Can an employee bid in SBI Card IPO using UPI under employee quota?
Is there any locking period for shares allotted under the employee category?
How can I apply under the employee's category online?

Ask Your Question