FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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 StatusZerodha Trade@20
List of all questions Ask your question