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    SBI Card IPO: Can SBI shareholders get double benefits?

    Synopsis

    The record date for shareholders is February 18, 2020.

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    You cannot apply for more than 2 lakh shares in both categories.

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    Yes, SBI shareholders holding SBI shares as on February 18, 2020 can apply in both categories, provided their application amount in the shareholder category does not exceed 200,000.

    1. To be eligible for the shareholder category, what is the date of holding the share?
      The record date for shareholders is February 18, 2020.
    2. If I am an SBI Shareholder, can I apply for 10 lakh shares in the HNI category and 10 lakh shares in the shareholder category?
      No, you cannot apply for more than 2 lakh shares in both categories. If you apply more than 2 lakh shares in the shareholder category, you cannot apply in any other category. However, if you wish to apply for more than 2 lakh shares then, you can apply for that in HNI category and less than 2 lakh shares in SBI shareholder category.
    3. What is the percentage reservation on HNI and retail category? How does the allotment take place?
      There is a 15% reservation for noninstitutional investor (HNI) and 35% for retail category. Allotment of the IPO in HNI category is proportionate to the extent of subscription. For retail category, proportionate, subject to minimum bid lot. The allotment to each retail individual bidder shall not be less than the minimum bid lot, subject to availability of equity shares in the retail portion and the remaining available equity shares if any, shall be allotted on a proportionate basis.
    4. If one has SBI shares in another broker's Demat account, will he/she be considered as SBI shareholder while applying in Shareholder Category through another broker?
      Yes, the application will be processed if the person is holding SBI shares in any of the Demat accounts as on February 18, 2020.
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    3 Comments on this Story

    ankit128 days ago
    Shareholder category is subscribed 25 times while retails is 2.5 times. Retail are more chances of allocation,
    JAYAVANTPRASAD HARIP128 days ago
    What should be the minimum lot OF SBI Shares?
    Nitish Kulkarni128 days ago
    what happens to people with bids that were placed under shareholder category but didn't have SBI shares on 18th feb 2020 ?
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