How to get maximum allotment in SBI Cards IPO?

This is the recommendation for SBI Cards IPO Application with the same PAN Number, same Demat account and same bank through the ASBA process.

In Retail Category –

1. Up to 2 lakh in RII or above 2 lakh in NII

Recommendation –

• If planning to apply below Rs 2 lakh, apply one lot in the retail category. As per market sentiments, the retail category is going to over-subscribe, in that case, allotment is going to be done on a lottery basis. You can take a final call on the last date by seeing the oversubscription report.
• NII category – Allotment is going to be done on a proportionate basis, apply as per your fund availability.

In Shareholders Category –

1. Up to Rs 2 Lakh under shareholder + up to 2 lakh in RII or above 2 lakh in NII.
2. Above Rs 2 L in shareholders category (can’t apply in RII or NII).

Recommendation –

• The shareholder's category is also going to be oversubscribed (as per market sentiments). The allotment is going to be done on a proportionate basis. So we recommend the 1^st approach is going to be more beneficial.

In Employee Category –

1. Up to Rs 5 lakh in Employee + up to 2 lakh in RII or above 2 lakh in NII.
2. Up to Rs 5 lakh in Employee + up to Rs 2 lakh in shareholders + up to 2 lakh in RII or above 2 lakh in NII.
3. Above Rs 2 L in shareholders (can’t apply in RII or NII and Employee category).

Recommendation –

• For employees, we suggest 1st or 2nd approach. Try to utilize the maximum amount (up to Rs 5 lakh) in Employee Quota as you will get Rs 75 discount per share, the other two categories are optional. In case you have fund availability use the retail category also (one lot only).