SBI Cards and Payment Services Ltd IPO Message Board (Page 115)

SBI Cards IPO Reviews / Ratings
HDFC Securities Limited - None
Axis Capital - None
Kotak Securities - None
Ambit Capital Pvt Ltd - NoneWhy everyone Reviews -NONE

Experts plz give latest GMP ??

nd Tentative Subscription figure in RII and SH


Thnk u

@Quality comment
As per RHP
Allotment in SH category is proportionate only

I am holding SBI Life Insurance Shares.
Can I apply SBI Cards IPO under shareholders category
I would appreciate reply.

No

@chittorgath admin : Based on your FAQ section, Still in confusion about SH quota allotment. What does mean proportionate here for allocation? Does it means only maximum apply lot get allotment? or application wise consider first with lottery basis and then proportionate distribute? Can you please confirm?

@mittal. Now much clear about allotment process. This will same as retail. So, It would good to apply 1 lot in each.

@ Team chittorgarh.com In Ujjiwan Small finance IPO shareholder quota the basis of allotment was" proportionate subject to minimum bid lot "Page 334 RHP whereas in SBI cards it is "Proportionate if Oversubscribed" Page 399-400 of RHP SBI Card.

Can any one tell me that if I have joint saving account then can second holder apply in ipo if first holder not apply?

There are any chance to rejection

if u look at PE, then look at DMART PE.....100 PE are normal 2day.....what is important is business model.....looking at India consumption story, sbi cards is placed in sweet spot....in coming years it is only market cap story.....elephant will become big elephant.......ant will remain ant only......just go with flow and apply with full force.....nothing to panic or not a candidate to sell for listing gain....

6. When the bids are rejected considering multiple bids in the SBI Card IPO?
Your bids can be rejected in SBI Card IPO considering multiple bids in the following cases:

An Eligible Shareholder holding multiple Demat accounts makes multiple applications under shareholders category with the same PAN number.
An Eligible Shareholder, being the first holder of a joint Demat account makes multiple applications individually and jointly.
ASBA Bidders submitting more than one ASBA Form per ASBA Account.

3 points means that shareholder and retails cannot apply through asba, as more then one ASBA Form will be rejected....is this correct..

We can apply retail as well as SH through ASBA.

@Amit Ji.

3 in ASBA should apply in both RII and SH.

Kindly confirm once again, otherwise will apply in RII

Sir yadi sbi aaj sell kar de tab bhi ham shareholder rahenge

yes

Subject : Shareholder category

HI Sir:

Could you please explain how is the shareholder quota allotment in the following situation.

1. How is the allotment done if I apply with maximum permitted amount of Rs- 200000 (share holder quota for retailer)
Case 1. If issue is oversubscribed application wise 2 times in shareholder quota
Case 2. If issue is oversubscribed total 20 times in shareholder quota

2. How is the allotment done if I apply with minimum lot (i.e: Rs - 150000) (share holder quota for retailer)
Case 1. If issue is oversubscribed application wise 2 times in shareholder quota.
Case 2. If issue is oversubscribed total 20 times in shareholder quota.



sbicard.ipo@linkintime.co.in
2:44 PM (26 minutes ago)
to me, Investor.Relations

Dear Investor,


If the aggregate demand in shareholder category is less than or equal to 13,052,680 Equity Shares at or above the Offer Price, full allocation shall be made to the SBI Shareholders to the extent of their demand.



If the demand in shareholder category is greater than 13,052,680 Equity Shares at or above the Offer Price, the allocation shall be made on proportionate basis, subject to allotment of minimum lot of 19 shares. If company is not able to allot minimum lot of 19 shares, the allotment will be thru draw of lots.



Regards,

LINK INTIME INDIA PVT LTD

022-49186200

What about employers quota sir

Totally Global Markets are in Selling mode. Need to see how Markets will be in coming days.
Need to check how SBI Cards IPO GMP will going to effect.

@ChemCho. Majama Mitra? Good to see you after long.

In this IPO ASBA...IS NOT AVAILABLE...ONLY UPI ...UPI IS COMPULSORY...PHYSICAL OR ONLINE

No need to worry. One can apply using ASBA.(Third Party ASBA Applications are Valid) (Only Third Party UPI Applications will be Rejected)

Dear admin link in time says no To 5 applications from single ac...my broker also says no to 5 applications ... It that case all will be rejected..

So does that mean even HNI minimum allotment for those who get allotment will be 1 lot.. Same as retail? Or is it different for HNI. Say I apply for 30 lakhs in HNI, but it will 200 times subscribed in HNI.. It works out to roughly 15k or 1 lot.. But do they allot as less as 1 lot to HNI. My question was I know HNI application minimum is 2 lakh. What is allotment minimum for those who get allotment. Would that also be 2 lakh?

What is the minimum allotment I can get if I apply for hni. Will it be minimum of 2 lakh, if I get allotment (since hni application starts at 2 lakh)?

Also, say I apply for large amount.. 1 cr. Does it mean some allotment is guaranteed.

Above 2lac means HNI .YOU MUSY apply above 13. Means 14 ....15... Up to maximum lots.
Sure you will allot how many depend upon subscription baiss

NO 5 application from single bank...

@Team Chittorgarh
I would like to correct. App made through third party upi or made through other bank is liable to rejected ONLY in case of application made through UPI MODE. Those applying through ASBA can still bid from 5 different acs with same bank.

@AhireR,

You are correct. RHP Says:

"Do not submit a Bid cum Application Form with third party UPI ID or using a third party bank account (in case of Bids submitted by Retail Individual Investors using the UPI Mechanism)."

Our apologies for the wrong interpretation.

Shareholder's quota application limit should be capped at Rs 2,00,000 to prevent misuse by hni's, so that small shareholders benefit from it.

Its a hit or miss game.
People buying IRCTC, dmart etc on listing are enjoying. While those who bought likes of ujjivanSFB are crying.

@vendetta
They won't cry for long..Ujjivan SFB has double bottomed out. I had already mentioned that there will be short term pain in the script. Operators have wiped out weak hands..It will start shining now..IMO.

My Question is : Can HNI and QIB also participate in Shareholder's Category in this IPO.

HNI can
QIB can't

If HNI want to participate on SH category, then he can not apply in HNI category. In HNI only bid above Rs 200000/- is valid. Hence for HNI it will be better to apply in HNI not in SH. The quota for SH is less and it will have applications below Rs 20000/- also making it oversubscribe because of large no of application below Rs. 200000/- in addition to large applications.. Hence those who are applying for more than Rs 20000/- have to decide based on this.

Tomorrow 12:27pm
A mega coverage on CNBC AWAZ on this IPO