@Stockoholic• , Requesting you to check the data again.
Only around 1.4% of the applications were rejected.
Below data from SBI Cards BOA for Shareholder Category
Oversubscription before Technical rejection - 23.5267
Oversubscription after Technical rejection - 23.2110
So, only about ~1.5% applications were rejected on Technical grounds in SBI Cards.
Any I'm expectation slightly higher rejection percentage in Tata, but that may not exceed 10%.