@better. did nt understand.. i have sbi net banking n im planning to apply 2 application from my bank for my frnd n my uncle. so why should i transfer fund to there ac
sbicard.ipo@linkintime.co.in Wed, Feb 26, 2:44 PM (7 days 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.
chances that who have applied 10 lots and above in shareholder category (Below 2 lakhs) have fair chances of getting allotment. RHP is not very clear about the shareholders who apply above 2 lakhs category, whether they may be treated as shareholder or as HNI? . Linkintime will be in precarious position,
Will there be different allotment procedure for shareholders applying up to 2 lakhs (13 lots) and shareholders applying above 2 lakhs? Allotment process is really not clear in this category ????
As per mail received from sbi, the following sentence says allotment will be in proportionate basis "please note that the terms of the Offer include reservation of up to 13,052,680 equity shares of the Company on a proportionate basis for the shareholders of State Bank India as of the date of the RHP"