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Sir, What will be the procedure of SBICARD allotment in SBI Shareholders quota? If issue oversubscribed in shareholder's category, the allotment will be pro-rata or will be by lottery system like Retail Category? Kindly clarify.

In case of over subscription the deal is to allot minimum one lot before pro Rata kicks in...
If say issue is oversubscribed by 10times and one has applied for 9 lots in sh category...then no allotment is given...
For one applying for 10 lots...minimum one lot is allotted...for one applying 11 lots...1 lot is allotted and rest on pro rata basis...
For one applying 20 lots...confirmed 2 lots are allotted...
This is my assessment on seeing the basis of allotments for other ipos having shareholder quota...
This is actually the same way as HNIs are allotted shares in ipo...