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How allotment will be done in SBI Cards Shareholder Quota?

SBI Cards shareholding quota is going to be oversubscribed. In past IPOs, the cutoff date for shareholding quota was announced in DHRP. But in SBI Cards IPO, the cutoff date for the shareholders is 18th Feb 2020 (RHP filing date). This gave enough time for investors to add SBI share in their accounts. The allotment for Shareholders quota is done on a proportionate basis. In such case, you will sure shot get the shares, but the quantity will be depending on oversubscription value.

For example:

In Ujjivan IPO, those who applied in shareholder quota, get allotment as follows -
Applied in Lot Alloted Shares
1 lot (400 shares) 400
2 lot 417
3 lot 435
4 lot 452
5 lot 469

By seeing the above scenario, we recommend to apply for atleast 1 lot under the shareholder category to get the most of your investment.

SBI Cards Allotment Status
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4. Vinod Mar 08 2020 11:44:36 AM Reply
Mere pass sbin ke 12/2/2020 ka share or mene apply bhi kiya share holder category me kya share holder ka proof Dena padta hai ya form koi or proseec hota hai?
4.1. CA Sachin Jain Mar 08 2020 11:45:28 AM
No, you don''t need to give any proof. All Shares are linked with your PAN number and the registrar will take care of that process.
3. amit sahita Feb 29 2020 02:29:00 PM Reply
does shareholder''s holding in SBI matter? for instance, can someone who owns just one share of sbi, apply for 5000 shares of sbi cards.
3.1. Vinay Jain Feb 29 2020 06:36:12 PM
No sir, in case you are holding 1 share of SBI or any number of share of SBI, you are considered as Shareholder. For allotment also there is no relationship with how many shares you are holding. Allotment is going to be done on proportionate basis.
3.2. Amit sahita Mar 01 2020 02:16:32 PM
But if more people apply in shareholder category, will allotment be to satisfy all applicants first before proportionate allotment happens. In such a case, residual shares may not be there for exact proportionate to happen. So at higher levels, allotment may be much smaller than application amount. I read DRHP and its silent about this finer details.
3.3. Vinay Jain Mar 01 2020 02:31:50 PM
Hello Amit Sir, There is a major difference b/w Ujjavan SH quota and SBI SH quota. In Ujjivan Bank, the allotment was done proportionate subject to minimum Bid Lot, in such case each shareholder got a minimum one lot, but in SBI Cards case it is only proportionate basis. So if you apply 1 lot, there is a chance you will get partial share and if you apply 13 lots you are going to get 13 X partial share equivalent of 1 lot.
2. S S Rao Feb 20 2020 02:01:59 PM Reply
Basis of Allotment for Shareholders Quota is Proportionate Basis from RHP Page No 399.
1. Vinay Jain Feb 20 2020 09:28:35 AM Reply
The cutoff date is 18th Feb 2020.

Retail Investors can apply separate applications in the Shareholder Category. So in such a case, they can apply 2 separate applications.

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