Frequently Asked Questions

An individual can also apply in the Shareholders category (any amount) if he holds the State Bank of India (SBI) shares in his demat account on 18th Feb 2020 the day of filing the SBI Card IPO RHP with SEBI.

Note:

• SBI shareholders can apply in both; RII as well as shareholder category with the maximum limit of ₹200,000 in each.
• Eligible SBI shareholders can not apply in both; NII as well as shareholder category. i.e. If you are applying in the shareholder's category (more than ₹2L), you cannot apply in the retail category.

The maximum bid amount for Retail Individual Bidders and Eligible Shareholders Bidding in the Shareholder Reservation Portion is up to ₹200,000.
Note that individual investor applying as NII (over ₹2 lakhs) is not eligible to apply in Shareholder category.

Your bids can be rejected in SBI Card IPO considering multiple bids in the following cases:

• An Eligible Shareholder holding multiple Demat accounts makes multiple applications under shareholders category with the same PAN number.
• An Eligible Shareholder, being the first holder of a joint Demat account makes multiple applications individually and jointly.
• ASBA Bidders submitting more than one ASBA Form per ASBA Account
• An Eligible Shareholder, apply in Shareholder as well as NII category.

Eligible Employees can bid under all 3 categories of SBI Card IPO:

• Retail Category (< ₹2L)
• Shareholder Category
• Employee Category

The amount of the bid should not exceed ₹200,000 in shareholder and retail categories.
If you are an SBI employee, you can apply in SBI card using 3 applications, one each in RII, Shareholder and Employee category.

If you hold 1 share of SBI in your demat account on the cut off date 18th Feb 2020, you are eligible to apply under shareholders category of SBI Card IPO.