SBI Cards IPO Shareholders Application - Explained

Published on Monday, December 9, 2019 by Chittorgarh.com Team | Modified on Wednesday, February 26, 2020

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SBI Cards IPO Shareholders Application - Explained

SBI Cards and Payment Services Limited, a subsidiary of SBI, is coming up with an IPO. The issue opens on 2nd March 2020 and closes on 5th March 2020 (4th March for QIB Bidders). There's a special category of investor reservation portion for SBI shareholders. As per the SBI Cards IPO RHP filed by the company, here are the rules for investing in SBI Cards IPO for SBI holders:


Eligibility for applying in SBI Shareholders Quota

  • SBI Shareholders i.e. individuals and HUFs who are equity shareholders of SBI can only apply.
  • The person on whose name the IPO application is made needs to be an SBI shareholder. Any other individual cannot apply in this category.

Maximum Eligible Bidding Limit in SBI Shareholders Quota

ScenarioMaximum Eligible Bidding Limit

1

Applying only in Shareholders Category

Above ₹200,000 (Maximum bid up to the shareholder reservation portion)

2

Applying Shareholders and Retail Category Both

₹200,000 in Shareholders

Any Amount in Retail*

3

Applying in:

Shareholders Category

RII Category

Employee Category

₹200,000 in Shareholders

Any Amount in Retail*

₹500,000 in Employee

* Bid under Retail Individual Bidders Portion for upto ₹200,000 OR in Non-Institutional Bidders Portion such that the Bid Amount exceeds ₹200,000 but not exceeding the size of the Net Offer (excluding QIB portion)

Note: An eligible SBI shareholder bidding in SBI shareholder reservation portion (subject to bid amount not exceeding ₹2,00,000 under SBI shareholder reservation portion) may also bid under net offer i.e. either in Retail Individual Bidders Portion for upto ₹200,000 OR in Non-Institutional Bidders Portion such that the Bid Amount exceeds ₹200,000 but not exceeding the size of the Net Offer (excluding QIB portion), subject to applicable limits.

An SBI Shareholders bidding in the SBI Shareholders Reservation Portion above ₹200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids.

Bidding Price Rules in SBI Shareholders Portion

  • Applications with bids, above the Offer Price, would be considered for allocation under this category.
  • The Bids must be for a minimum of 19 Equity Shares and in multiples of 19 Equity Shares thereafter.
  • Applicants in the SBI Shareholders Reservation Portion (up to ₹200,000) are allowed to bid at Cut-off Price.
  • SBI Shareholders applying for the Bid Amount above ₹200,000 under the SBI Shareholders Reservation Portion are not entitled to Bid at the Cut-off Price

Read more about SBI Cards IPO


Application Rules for Bidding in Multiple Categories

  • SBI Shareholders bidding in the SBI Shareholders Reservation Portion above ₹200,000 cannot Bid in the retail or employee category.
  • SBI Shareholders bidding in the SBI Shareholders Reservation Portion (up to ₹200,000) and bidding in the Employee Reservation Portion (as Eligible Employees) can also Bid in the retail category (up to ₹200,000 in RII or any amount in NII).

Allocation Rules in SBI Shareholders Category

  • If the aggregate demand in this category is less than or equal to 13,052,680 Equity Shares at or above the Offer Price, all the applicants will get a full allocation.
  • In case of the IPO being under-subscribed in the SBI Shareholders Reservation Portion, the allocation would be met with shares from other reservation portions.

Rules for SBI Shareholders in RHP Document

Bids under the SBI Shareholders Reservation Portion shall be subject to the following:

  1. Only SBI Shareholders (i.e. individuals and HUFs who are equity shareholders of SBI (excluding such other persons not eligible under applicable laws, rules, regulations and guidelines) as at the date of the Red Herring Prospectus i.e 18th Feb 2020) would be eligible to apply in this Offer under the SBI Shareholders Reservation Portion.
  2. The sole/ First Bidder shall be a SBI Shareholder.
  3. Only those Bids, which are received at or above the Offer Price, would be considered for allocation under this category.
  4. The Bids must be for a minimum of 19 Equity Shares and in multiples of 19 Equity Shares thereafter. Bids by SBI Shareholders in SBI Shareholders Reservation Portion (subject to Bid Amount being up to ₹200,000) and in the Net Offer portion shall not be treated as multiple Bids. To clarify, an SBI Shareholders bidding in the SBI Shareholders Reservation Portion above ₹200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids. Further, bids by SBI Shareholders in SBI Shareholders Reservation Portion (subject to Bid Amount being up to ₹200,000) and in the Employee Reservation Portion (as Eligible Employees), shall not be treated as multiple Bids Therefore, SBI Shareholders bidding in the SBI Shareholders Reservation Portion (subject to the Bid Amount being up to ₹200,000) and bidding in the Employee Reservation Portion (as Eligible Employees) can also Bid under the Net Offer and such Bids will not be treated as multiple Bids. Our Company reserves the right to reject, in its absolute discretion, all or any multiple Bids in any or all categories.
  5. If the aggregate demand in this category is less than or equal to 13,052,680 Equity Shares at or above the Offer Price, full allocation shall be made to the SBI Shareholders to the extent of their demand.
  6. Under-subscription, if any, in any category including the SBI Shareholders Reservation Portion and the Employee Reservation Portion, except in the QIB Portion, would be allowed to be met with spill over from any other category or a combination of categories at the discretion of our Company in consultation with the BRLMs and the Designated Stock Exchange.
  7. SBI Shareholders Bidding under the SBI Shareholders Reservation Portion (subject to the Bid Amount being up to ₹200,000) are entitled to Bid at the Cut-off Price.
  8. SBI Shareholders Bidding under the SBI Shareholders Reservation Portion (subject to the Bid Amount being above ₹200,000) are not entitled to Bid at the Cut-off Price.

If the aggregate demand in this category is greater than 13,052,680 Equity Shares at or above the Offer Price, the allocation shall be made on a proportionate basis.

FAQ's

  1. 1. What is a cut-off date for SBI shareholders in SBI Cards IPO?

    The cut-off date is the date of RHP filing that is 18th Feb 2020. Any investor who holds 1 or more shares of SBI on 18th Feb 2020 will be eligible for applying under shareholders category of SBI Cards IPO.

    Discuss this question

  2. 2. How many shares of SBI are required to be eligible for SBI Cards shareholder quota?

    The minimum one share of SBI is enough to be eligible to participate in the SBI Cards IPO under the shareholder's category.

    Note

    • A higher number of shares doesn't increase the chance of allotment.
    • If you hold even 1 share of SBI on February 18, 2020 cut-off date, you will be eligible to apply under shareholder's quota.

    Discuss this question

  3. 3. Can I apply 2 lakhs each in the shareholder's category and Retail category (Total 4 lacs)?

    Yes, you can apply in both shareholder category (up to Rs 2L) and retail category (any amount*).

    * Considered as RII or NII based on the amount you apply. It is considered as Retail Individual Bidders Portion (RII) for upto ₹200,000 OR in Non-Institutional Bidders Portion (NII) when the Bid Amount exceeds ₹200,000

    Discuss this question

  4. 4. Can I apply in both shareholders and retail categories from the same Demat account in SBI Cards IPO?

    Yes, you can apply in both retail and shareholders categories of SBI Cards IPO using the same demat account. Note that in this case, you are eligible for a maximum limit of ₹200,000 in shareholders category. In case of retail, you could choose any amount but you will be qualified as RII or NII based on the amount you choose. Retail Individual Bidders Portion (RII) is for upto ₹200,000 OR in Non-Institutional Bidders Portion (NII) when the Bid Amount exceeds ₹200,000.

    Discuss this question

  5. 5. Can I apply in the name of my family members from my single bank account in the SBI shareholder quota for SBI Cards IPO?

    No, in SBI shareholder's quota, the person on whose name the IPO application is made needs to be an SBI shareholder. Other individuals cannot apply in shareholders category of SBI Cards IPO.

    Discuss this question

  6. 6. Is there any restriction to apply from the linked bank account only in the SBI Cards IPO shareholder category?

    The name in the SBI Card IPO Application Form and the name of the primary demat account holder (where you holding SBI shares) should be the same. If not, the application in the shareholder's category will be rejected.

    Discuss this question

  7. 7. All my family members hold SBI shares. Is it possible to make 10 applications (5 retail + 5 shareholders) from the same bank account?

    Traditionally, you could apply in 5 IPO applications (anyone's name) using one bank account with SBI. This is the same as Axis Bank and PNB bank.

    We are not sure if SBI online banking will allow 5 retail + 5 shareholders applications from one bank account in SBI Cards IPO. We will keep posting updates as we receive from the bank.

    Discuss this question

  8. 8. In SBI Cards IPO, does allotment chances change by the number of SBI shares I hold?

    No, the allotment will not be done based on the number of SBI shares owned by you in SBI Cards IPO. As long as you are an eligible shareholder of SBI, the chances of allotment are the same.

    Discuss this question

  9. 9. How many SBI shares I require to apply in the SBI Cards shareholders category?

    One share of SBI on a cut-off day (February 18, 2020) in your demat account is enough to be eligible for the SBI Cards IPO shareholders reservation category.

    Discuss this question

  10. 10. Till what date I can buy SBI shares to be eligible to apply in the shareholder's category of SBI Card?

    The cut-off date i.e. the date on which you should own the SBI shares is the date when the company will file the Red Herring-Prospectus (RHP).

    SBI Card RHP was filed on February 18, 2020. This is the cut-off date for shareholders quota eligibility in SBI Cards IPO.

    Discuss this question

  11. 11. How can we know on what date DRHP submitted for IPO? On which website this information is available?

    SBI Cards filed the DRHP (Draft Red Herring Prospectus) with SEBI on November 26, 2019. You can get the details here.

    Note that in the case of SBI Cards IPO, the cut-off date for eligibility of shareholders quota is February 18, 2020, the date when RHP is filed.

    Discuss this question

  12. 12. Can applications in both shareholder and retail categories be made through PNB Online ASBA?

    Yes the PNB account holders should be able to apply in both shareholders and retail category of SBI Cards IPO.

    But as per the information, there is a technical limitation in PNB Online IPO Application which only allows one application per PAN number. The bank has informed us that they are working to fix this issue. Hopefully, before the SBI Cards IPO opens, this should be fixed.

    Discuss this question

  13. 13. Is the category limit for both shareholders and retail category is Rs 2 lakhs combined or is it Rs 2 lakhs limit for each category?

    If you are applying in both shareholders and retail categories of SBI Cards IPO, the bid amount should not exceed ₹200,000 in shareholders category.

    If you are applying only on shareholders category, you can apply up to 13,052,680 Equity Shares.

    For example, a shareholder can apply in following two ways:

    CategoryMaximum Limit

    1

    Apply in both category

    Maximum Rs 2L in Shareholders + Any amount in Retail*

    2

    Apply only in shareholders category

    Up to 13,052,680 Equity Shares

    * Considered as RII or NII based on the amount you apply. It is considered as Retail Individual Bidders Portion (RII) for upto ₹200,000 OR in Non-Institutional Bidders Portion (NII) when the Bid Amount exceeds ₹200,000

    Discuss this question

  14. 14. What is the date for SBI shareholders to eligible for applying for shareholder's quota?

    An individual can apply in the Shareholders category if he holds the SBI shares on February 18, 2020, the day of filing the SBI Cards IPO RHP (Ref Herring-Prospectus).

    Discuss this question

  15. 15. I have an ICICI 3-in-1 account and I hold SBI shares. Can I apply in SBI Cards IPO retail and shareholder quota using the same demat, bank account and PAN?

    Yes, you can apply in both categories of SBI Cards IPO using the same demat account, savings account and PAN number.

    If you are planning to apply in both categories, the maximum bid amount for the Retail and Shareholder category is up to ₹200,000 in each category.

    If you are only applying in the shareholder's category, you can apply up to 13,052,680 Equity Shares.

    ICICI Direct website will show 2 entries in the IPO list, one for shareholders and another for regular application. It will be like applying in 2 IPO's.

    Discuss this question

  16. 16. How do I apply in SBI Card IPO Shareholder quota using ASBA?

    The process is the same as it is with any other IPO you have applied in the past. You can use any bank's website (i.e. SBI, ICICI, HDFC, PNB, Axis, Kotak) to apply in SBI Card IPO online.

    Note: SBI Cards IPO will be available to apply online only when it's open for public bidding. The date of the IPO will be announced by the company a week before it opens.

    If you doing this first time follow these steps:

    1. Log in to your bank's website
    2. Register for IPO application facility
    3. Go to IPO section
    4. Select the SBI Card IPO (Shareholders) to apply.
    5. Enter IPO details like the number of lots, the bid price etc
    6. Verify and Confirm the details

    Discuss this question

  17. 17. Can SBI Life Insurance shareholders apply under the SBI Cards shareholder quota?

    No. Only Individuals and HUFs who are the public equity shareholders of SBI (State Bank of India) or Promoter of SBI Cards, can apply in shareholder quota.

    You have to at least 1 share of SBI in your demat account on February 18, 2020, to be eligible to apply under shareholders reservation category.

    Discuss this question

  18. 18. Can I use the same ASBA account for RII and Shareholder category for SBI Cards IPO?

    Yes, you can use the same ASBA account for applying in RII (Retail Individual Investors) and shareholders category in SBI Cards IPO.

    If you planning to apply in both, the maximum bid amount for Shareholder Reservation categories is up to ₹200,000.

    If you applying only in the shareholder's category, you can apply for any amount (Max 13,052,680 shares).

    Discuss this question

  19. 19. Can I sell my share allocated in the shareholder's category on the day of listing in SBI Cards IPO?

    Yes, you can sell the shares allocated under the shareholder's quota on the day of SBI Cards IPO Listing. There is no lock-in period.

    Discuss this question

  20. 20. Are there any limitations on the shares bought through the shareholder's quota in SBI Card IPO?

    No, there are no restrictions on SBI Cards IPO shares allocated under the shareholder's category. There is no lock-in period or any time frame to hold the shares before you can sell them. You could sell them on the listing day similar to shares allocated in the general retail category.

    Discuss this question

  21. 21. How many shares are reserved for SBI shareholders in SBI Card IPO?

    SBI Card IPO has 13,052,680 Equity Share reserved for State Bank of India (SBI) shareholders. Approximate 10% of the total issue size is reserved for shareholders. February 18, 2020 is the cut-off date for shareholders.

    • Shares offer to Employees: 13,052,680 Equity Share (~10%)
    • Total Shares Offered: Rs 500 Cr (Fresh Issue) + 130,526,798 (OFS)

    Discuss this question

  22. 22. How many SBI shares required in the demat account to be eligible for SBI Cards IPO Shareholders Quota?

    Minimum 1 share of State Bank of India (SBI) is required to be eligible for applying IPO application in the SBI Card IPO Shareholders category. The share should be in your demat account on February 18, 2020, the day of filing of SBI Card IPO Red Herring Document (RHP).

    Discuss this question

  23. 23. Can I apply in the same application form for shareholders and retail quota for SBI Card IPO?

    You have to apply through two separate applications, one for each category. You cannot apply both shareholders and retail category in the same application.

    Discuss this question

  24. 24. How shares are distributed among applicants in the shareholder's category?

    Shares are distributed on a proportionate basis in SBI Card IPO shareholders category. The minimum allotment will be 19 shares (1 lot).

    There is no limit while applying in shareholders category by a retail investor as long as they are applying only in this category. The retail investors (shareholders) can apply as much as they want.

    If a retail investor intent to apply in both retail and shareholders category, the limit is Rs 2 Lakhs in shareholders category. For retail, the investor will be considered as RII or NII based on the amount you apply. It is considered as Retail Individual Bidders Portion (RII) for upto ₹200,000 OR in Non-Institutional Bidders Portion (NII) when the Bid Amount exceeds ₹200,000.

    Discuss this question

  25. 25. Can applications in both shareholder and retail categories be made through SBI Online ASBA?

    Yes, the SBI Bank Account holders could apply in both shareholders and retail category of SBI Cards IPO through online IPO application using SBI Net Banking.

    Discuss this question

  26. 26. How can SBI shareholders benefit from SBI Cards IPO?

    SBI Shareholders can apply in SBI card IPO through a reserved category for shareholders. Over 10% of SBI Card IPO shares worth of around Rs 1000 crore are reserved SBI Shareholders. The chances are getting IPO shares allocated in shareholders category are higher.

    Retail investors who are also shareholders are eligible to apply in both retail as well as shareholders category. If applying in both, the max limit is Rs 2L in each category.

    Discuss this question

  27. 27. How to apply for an IPO under shareholders quota through the Zerodha Console?

    Here are the steps to apply under shareholder category through Zerodha Console:

    1. Login to Zerodha Console
    2. Click on Portfolio tab
    3. Choose 'IPO' from the drop-down list
    4. Select the IPO you want to invest 
    5. Enter your UPI ID and verify the details
    6. Select the Investor Type as 'Share Holding Category'
    7. Put Bid and Price in the box
    8. Tick on the checkbox
    9. Click on Submit button

    Discuss this question

  28. 28. What percent of shareholders quota is reserved for the retail category in SBI Card IPO?

    SBI Card IPO doesn't have a separate reservation for retail investors (who apply for less than Rs 2 Lakh) in the shareholder's category.

    Discuss this question

  29. 29. Will shareholders get discounts as employees in SBI Card IPO?

    No, shareholders don't get any discount in SBI Card IPO. The discount is only applicable to eligible employees of SBI applying in the Employee category.

    Discuss this question

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75 Comments

Dinesh
75. Dinesh  Mar 12, 2020 11:34 I Like It. | I Don't Like It. | Report Abuse Reply
SBI CARD IPO allotment started.
Just my money got deducted from my account
Rajendra Sharma
74. Rajendra Sharma  Mar 5, 2020 09:58 I Like It. | I Don't Like It. | Report Abuse Reply
CAN APPLICATION BE MODIFIED FROM RIII TO SHAREHOLDER AND WHAT IS METHOD
Subhodeep Ganguly
73. Subhodeep Ganguly  Mar 5, 2020 08:12 I Like It. | I Don't Like It. | Report Abuse Reply
Please update on the below query please. This is a bit URGENT.
Kindly assist. I was holding the SBI Shares in my HDFC Demat Account till 25//02/2010 and I transferred them to ZERODHA on 26/02
So, should I mention my ZERODHA Account or HDFC Account while applying
Is the validation on the PAN CARD basis or for the Demat Account basis ?
Subhodeep Ganguly
72. Subhodeep Ganguly  Mar 5, 2020 01:16 I Like It. | I Don't Like It. | Report Abuse Reply
Hi Team,
I have one urgent query regarding SBI Card IPO Submission. Please help . me in that.

I have applied for SBI Card IPO in Retail Category from Online HDFC bank netbanking IPO Submission System and I have applied for 5 lots(95 shares maximum) for my Angel Broking DP Account (CDSL) and in this demat account I do not hold any SBI Shares.

How, I need to apply for Shareholders Category and I am having 148 SBI Shares in my ZERODHA Demat Account and in my ZERODHA Account, all these shares was transferred from . my HDFC Demat Account recently on 26/02/2020
Now, under this circumstances, can I apply for Shareholders Category ?
If yes, then which Demat Account, I need to specify in the Online IPO Submission System ?
Of Zerodha ?(Where my shares got transferred on 26/02)
or of HDFC Demat ( Where I purchased those shares and then I transferred all these shares to my ZERODHA Account)?
And should I apply from the Same Bank's IPO System or should i apply for this SH Category from another ban's IPO System ?
For all my Demat Accounts, i am ONLY the First and Sole Holder.
Kindly assist me on this please
sanjeev
71. sanjeev  Mar 4, 2020 11:16 I Like It. | I Don't Like It. | Report Abuse Reply
if i own SBI shares in a PMS of mine managed by a company, am i eligible to invest in the SBI shareholder Quota
Abhijeet S
70. Abhijeet S  Mar 4, 2020 10:51 I Like It. | I Don't Like It. | Report Abuse Reply
can expert tell last date for shareholders for application???
expert exchange
69. expert exchange  Mar 4, 2020 10:16 I Like It. | I Don't Like It. | Report Abuse Reply
this is sure shot discount listing, now India has 21 confirmed cases for coronaviurs. Market has started panicking. this is going to give a blow to this issue.
Sameer
68. Sameer  Mar 4, 2020 00:43 I Like It. | I Don't Like It. | Report Abuse Reply
Can I apply multiple applications with Same demat account but different PAN and Person Name, as I don't have demat account for my family members.
Kumar
67. Kumar  Mar 3, 2020 22:19 I Like It. | I Don't Like It. | Report Abuse Reply
Can I apply for the SBI Cards IPO, Half under Share holders category from say my bank account and the remaining half for general category from my wife's account account, both for MY Demat Account? Basically, instead of transferring from my wife's account, i can get her to apply half the shares under general category from her bank account for my Demat account and I apply for remaining shares for the same demat account under the share holder's category? I hope the question is not confusing
Applying for the same demat account from two different banks, one bank account for Shareholders category and the other bank account for General category
Jai Prakash Mitruka
66. Jai Prakash Mitruka  Mar 3, 2020 16:54 I Like It. | I Don't Like It. | Report Abuse Reply
I have applied in Share holder category IN SBI Card IPO. I have doubt that I have applied in Right category or not from where I confirm that I have applied in share holder category
Rohit Choudhary
65. Rohit Choudhary  Mar 3, 2020 14:46 I Like It. | I Don't Like It. | Report Abuse Reply
In case of oversubscription, while applying under shareholder category, will chances of allotment increase by applying for more number of lots.Also what is the scenario for retail category
mariappan
64. mariappan  Mar 3, 2020 11:39 I Like It. | I Don't Like It. | Report Abuse Reply
I have SBIN SHARE. but 2016 after I don't use my demat account ,maybe inactive . can I apply for sbi card ipo? can I use that demat account number.
please explain
Upanji Kachroo
63. Upanji Kachroo  Mar 3, 2020 11:14 I Like It. 1 | I Don't Like It. | Report Abuse Reply
In asba application, the categories are abrivated for application, like co, ind. Etc. Which is ment for retail investor, shareholder?
aniket
62. aniket  Mar 3, 2020 10:22 I Like It. | I Don't Like It. | Report Abuse Reply
Applications with bids, above the Offer Price, would be considered for allocation under this category.

what is the exact meaning of this sentence.Do we (existing SBI shareholders) need to apply for a price above 755 Rs. ?
Vivek
61. Vivek  Mar 2, 2020 13:08 I Like It. | I Don't Like It. | Report Abuse Reply
If I have 2 diff demat accounts wherein I hold SBI shares in both accounts wherein the 1st Holder is the same. Can I apply for shareholder quota through both demat accounts? Will the application be rejected?
Team Chittorgarh.com
61.1. Team Chittorgarh.com  Mar 2, 2020 13:47 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Hi Vivek,
Only 1 IPO application in a category for 1 PAN Number. This means you can apply in shareholders category from only 1 demat account.
Sanjana Mutha
61.2. Sanjana Mutha  Mar 3, 2020 09:17 I Like It. | I Don't Like It. | Report Abuse
My question is in continuation of this query... I have shares of SBI from last 2 months... I want to apply for both shareholder as well as retail category, I have 2 demat account and I want to apply for IPO from 2 diffrent account.... In HDFC I have demat in which I hold SBI shares... I want to apply for shareholder category here and in ICICI I have account account in which I want to apply for Retail Catergory.
PIYUSH KUMAR
60. PIYUSH KUMAR  Mar 2, 2020 22:37 I Like It. | I Don't Like It. | Report Abuse Reply
I hold shares of SBI in two DEMAT a/c, can I apply with two application in shareholder quota and one application for retail individual i:e-three application?
R mishra
59. R mishra  Mar 2, 2020 20:09 I Like It. | I Don't Like It. | Report Abuse Reply
I have shares of SBI But it is in physical form. Can I apply under Share holder category?
ramchandra
58. ramchandra  Mar 2, 2020 19:03 I Like It. | I Don't Like It. | Report Abuse Reply
i am sbi life shareholder. can i apply sbi card ipo under sbi shareholder category
Vipul Kumar Jain
57. Vipul Kumar Jain  Mar 2, 2020 18:13 I Like It. | I Don't Like It. | Report Abuse Reply
I have applied in share holder category thorough hdfv asba online mode but its not showing any record please help
Vipul Kumar Jain
56. Vipul Kumar Jain  Mar 2, 2020 18:09 I Like It. | I Don't Like It. | Report Abuse Reply
I have applied in sbi share holder category thorugh hdfc online asba bt in order book its not showing any record......please help
Shripad
55. Shripad  Mar 2, 2020 16:26 I Like It. | I Don't Like It. | Report Abuse Reply
For any IPO, ICICIDirect doesnot allow NRIs in UK to apply. Even though the individual is a shareholder, the IPO/FPO/BUYBACK is prohibited.
SBI is happy to give rights, but ICICDirect stops Shareholders from applying to Shareholders rights. A pathetic service and provided 'Gold' award.
sangeeta
54. sangeeta  Mar 2, 2020 14:41 I Like It. | I Don't Like It. | Report Abuse Reply
in my asba account onle category code is reflecting, can you provide the full form of codes and what is SBI bank shareholder code in ASBA.
Bhavik
53. Bhavik  Feb 27, 2020 14:36 I Like It. | I Don't Like It. | Report Abuse Reply
How Much an Individual NRI can Invest in SBI Card IPO?
Team Chittorgarh.com
53.1. Team Chittorgarh.com  Mar 2, 2020 14:01 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
An individual NRI can apply for any amount. If the amount is < Rs 2L, the IPO application will be considered in retail category. Else it will be considered in NII category.
Vivek
52. Vivek  Feb 27, 2020 17:29 I Like It. | I Don't Like It. | Report Abuse Reply
I had bought SBI shares on 28th feb. Can I apply under sbi cards shareholders category.
Team Chittorgarh.com
52.1. Team Chittorgarh.com  Mar 2, 2020 14:00 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
No, you can't. You should have shares of SBI in your demat account on Feb 18, 2020.
ashu
51. ashu  Feb 27, 2020 17:41 I Like It. | I Don't Like It. | Report Abuse Reply
Hi Expert....

I have a share of SBI and i want to apply in Share holder category....so How do i know I apply in share holder category...
plz comment
Team Chittorgarh.com
51.1. Team Chittorgarh.com  Mar 2, 2020 13:59 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Hi Ashu,
A separate application is provided by your broker for each category.
Meena jain
50. Meena jain  Feb 28, 2020 11:37 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Is there special application form for applying in SBI share holder quota
Team Chittorgarh.com
50.1. Team Chittorgarh.com  Mar 2, 2020 13:57 I Like It. | I Don't Like It. | Report Abuse
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Yes, the application for each category including retail, shareholders and employee is different.
SUNIL GUJRATI
49. SUNIL GUJRATI  Feb 28, 2020 17:45 I Like It. | I Don't Like It. | Report Abuse Reply
I holding 100 shares of state bank of India ( in physical form , NOT in demat account) , I can apply in reservation of SBI sharreholders quota
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49.1. Team Chittorgarh.com  Mar 2, 2020 13:56 I Like It. | I Don't Like It. 1 | Report Abuse
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Yes as long as your PAN number is updated with the registrar.
SUNIL GUJRATI
48. SUNIL GUJRATI  Feb 28, 2020 17:51 I Like It. | I Don't Like It. | Report Abuse Reply
Is there separate application form for SBI shareholders who are holding in physical form ( NOT in Dmet account)
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48.1. Team Chittorgarh.com  Mar 2, 2020 13:55 I Like It. | I Don't Like It. | Report Abuse
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As there is no such information available in RHP or anywhere else, it is safe to assume that the application is same.
LS Deswal
47. LS Deswal  Mar 2, 2020 13:42 I Like It. | I Don't Like It. | Report Abuse Reply
I have SBI share in KARVY account where trading is banned. I opened another account in Zerodha, Now my query is that ,is it compulsory to apply using KARVY DEMATE account for share holder category or not.
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47.1. Team Chittorgarh.com  Mar 2, 2020 13:54 I Like It. | I Don't Like It. | Report Abuse
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As there is no meaning in applying through Karvy, Pls go ahead and apply through Zerodha in Shareholders category. As per our understanding, the shareholding will be defined by the PAN Number.
Mukesh.N.JOSHI
46. Mukesh.N.JOSHI  Feb 28, 2020 08:54 I Like It. | I Don't Like It. | Report Abuse Reply
What is UFSL SHAREHOLDER under column no 5 of application form for sbi share holder?
Mukesh.N.JOSHI
46.1. Mukesh.N.JOSHI  Mar 1, 2020 21:39 I Like It. | I Don't Like It. | Report Abuse
What is ELIGIBLE under column no 5 of CATEGORY? my querries are not being replied.Please help by clearing my doubts.
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46.2. Team Chittorgarh.com  Mar 2, 2020 13:52 I Like It. | I Don't Like It. | Report Abuse
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Dear Sir, Pls provide more detail about which document you are referring to and the page number.
Saras
45. Saras  Mar 2, 2020 10:23 I Like It. | I Don't Like It. | Report Abuse Reply
Pls look in RHP point no 7 & 8.
Rohi
44. Rohi  Feb 29, 2020 09:17 I Like It. | I Don't Like It. | Report Abuse Reply
I am rohi
I buy 25 share dt 22/12/19 on margin to till date
My account balance is -7000 this share show in my brocker account
Can i apply share holder catagery
Mukesh.N.JOSHI
43. Mukesh.N.JOSHI  Feb 28, 2020 10:18 I Like It. | I Don't Like It. | Report Abuse Reply
waiting for reply to my querry please.
Mukesh.N.JOSHI
42. Mukesh.N.JOSHI  Feb 28, 2020 08:58 I Like It. | I Don't Like It. | Report Abuse Reply
what is UFSL shareholder under column no 5 of application form of SBI CARDS for sbi shareholders
Gaurav
41. Gaurav  Feb 27, 2020 17:53 I Like It. 1 | I Don't Like It. | Report Abuse Reply
Me and father both have two demats each and sbi shares are held in only one demat ac.

Can we apply from all four demat as retail and as shareholder from the account with sbi shares?

Or is it like, one retail aplication per PAN plus one additional shareholder application?
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40. Team Chittorgarh.com  Feb 26, 2020 11:29 I Like It. | I Don't Like It. | Report Abuse Reply
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Important Clarification

Please note an eligible SBI shareholder bidding in SBI shareholder reservation portion (subject to bid amount not exceeding ₹2,00,000 under SBI shareholder reservation portion) may also bid under net offer i.e. either in Retail Individual Bidders Portion for upto ₹200,000 OR in Non-Institutional Bidders Portion such that the Bid Amount exceeds ₹200,000 but not exceeding the size of the Net Offer (excluding QIB portion), subject to applicable limits.

An SBI Shareholders bidding in the SBI Shareholders Reservation Portion above ₹200,000 cannot Bid in the Net Offer as such Bids will be treated as multiple Bids.
sameer shah
40.1. sameer shah  Feb 27, 2020 13:57 I Like It. | I Don't Like It. | Report Abuse
Hi Admin,

I want to invest around 7 lakh in SBI IPO and I am having SBI Shares as well in my Dmat account.

pls suggest which way to apply like upto 2 lakh i.e. 13 lots in Shareholder category and renaming amount i.e. 35 lots in net offer ?

can two applications be down using same dmate account online ? I am using sharekhan for same.

thanks
s. kalpesh
39. s. kalpesh  Feb 26, 2020 13:48 I Like It. | I Don't Like It. | Report Abuse Reply
Dear sir, I have a SBI online saving account and my father is Not a joint holder in this a/c. My father is a SBI shareholder in Demat a/c with a DP, in which I am a joint holder. Now Can I make application for my father, in shareholder category, with his demat details, From my this SBI online saving a/c.?
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39.1. Team Chittorgarh.com  Feb 27, 2020 09:41 I Like It. | I Don't Like It. | Report Abuse
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This should be ok as long as you are using ASBA as payment option.

Note that this is not permitted if you choose UPI as payment option.
Nishant
38. Nishant  Feb 26, 2020 14:30 I Like It. | I Don't Like It. | Report Abuse Reply
If I buy shares of SBI now ,will I be eligible to bid under Shareholder Category?
Also, Is there any kind of preference while applying as a non SBI shareholder.
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38.1. Team Chittorgarh.com  Feb 27, 2020 09:40 I Like It. | I Don't Like It. | Report Abuse
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No. The cut-off date for shareholders category was Feb 18th, 2020.

Shareholders have a reserved quota of 10% of the SBI Card IPO. Usually, that means a better allotment ratio. But it may not be true in the case of SBI Card IPO as many people bought 1 share of SBI to become eligible for this category.
Neeraj Sahu
37. Neeraj Sahu  Feb 26, 2020 15:12 I Like It. | I Don't Like It. | Report Abuse Reply
I want to apply for 1 lot for each retail and shareholder category. After looking at subscription times on 4 March, I will apply again for 1 lot for one or both of those categories. Is it okay?
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37.1. Team Chittorgarh.com  Feb 27, 2020 09:37 I Like It. | I Don't Like It. | Report Abuse
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Hi Mr. Neeraj,

To avoid the complexity of editing your application a few times, it is recommended to apply once only when you feel comfortable.
Abhishek
36. Abhishek  Feb 26, 2020 21:35 I Like It. | I Don't Like It. | Report Abuse Reply
Is it necessary that my registered bank with DP match with the bank I applying IPO with?
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36.1. Team Chittorgarh.com  Feb 27, 2020 09:11 I Like It. | I Don't Like It. | Report Abuse
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Yes, in case you are applying through UPI.

No, in case you are applying through ASBA (net banking).

Pls refer RHP Page 16, point 24 which says:

"Do not submit a Bid cum Application Form with third party UPI ID or using a third party bank account (in case of Bids submitted by Retail Individual Investors using the UPI Mechanism)"
Abhishek
35. Abhishek  Feb 27, 2020 06:31 I Like It. | I Don't Like It. | Report Abuse Reply
I hold SBI shares and if I have to bid for < 2 lakhs.. Is it advisable to bid at price above 755? Or should I restrict the price to 755..?
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35.1. Team Chittorgarh.com  Feb 27, 2020 09:07 I Like It. | I Don't Like It. | Report Abuse
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Apply at the cut-off price if you are applying for less then Rs 2 L in retail or shareholders category.
Srinivas
34. Srinivas  Feb 27, 2020 05:26 I Like It. 1 | I Don't Like It. | Report Abuse Reply
My Father (Late) have more then 2000 SBI Shares, his Demat account is in the process of transmission under death claim, but due to some technical issues the transmission is on hold and may take another 4 to 5 months. His All bank accounts are closed in the process of death claim.
Can we apply under shareholder quota, if so how?
veerashetty sivakumar
33. veerashetty sivakumar  Feb 26, 2020 10:09 I Like It. | I Don't Like It. | Report Abuse Reply
i have SBI BANK shares with broker A and wih broker B also with two different demat accounts.Can i apply for SBI CARD IPO in share holder' s catogary from both the demat accounts?Pl clarify.
SUMO
32. SUMO  Feb 25, 2020 09:44 I Like It. 1 | I Don't Like It. | Report Abuse Reply
In Shareholder category can I apply below 2 lacs (13 lot) at the bid price and another 2 lacs as a Shareholders category as above cut-off price?
Is it considered as multiple bids?
what is the above cut-off price value? is it limited value from the SBI cards?
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32.1. Team Chittorgarh.com  Feb 26, 2020 10:03 I Like It. | I Don't Like It. | Report Abuse
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You can apply only 1 application per person under the shareholder's category.

As the shareholder's category is expected to oversubscribed, there is no meaning in apply at any price other than the higher price of Rs 755.
ipoBanker
31. ipoBanker  Feb 25, 2020 15:48 I Like It. | I Don't Like It. | Report Abuse Reply
Could anyone explain me proportionate basis in SH category?
If I am having 1 share of SBI in 1 account and apply for 2 lakh application in SBI Card and from another account I am having 300 SBI shares, and apply for a 2 lakh application, in case of over subscription, will the allotment be same of different to both accounts?
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31.1. Team Chittorgarh.com  Feb 26, 2020 09:59 I Like It. | I Don't Like It. | Report Abuse
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Though the allotment in shareholders category is done on a proportionate basis, the minimum allotment is 1 Lot (19 shares in the case of SBI Cards IPO).

Check the basis of allotment of the Ujjivan Small Finance IPO. Section E will give you an idea of how allotment is done in the shareholder's category in the case of over subscription.

Sankalpa
30. Sankalpa  Feb 25, 2020 16:17 I Like It. | I Don't Like It. | Report Abuse Reply
There is no option in sbi net banking to choose shareholder category. there are only two categories individual and employees
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30.1. Team Chittorgarh.com  Feb 26, 2020 09:53 I Like It. | I Don't Like It. | Report Abuse
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You will see that when the IPO is opened. There will be 3 rows under the list of IPO open for public, one for each category. Note that a separate application should be submitted for each of these categories.
Vipul vyas
29. Vipul vyas  Feb 25, 2020 17:48 I Like It. | I Don't Like It. | Report Abuse Reply
If i apply only 15000 application in share holder category then allotment chance are low or it not affect. Please give ans me
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29.1. Team Chittorgarh.com  Feb 26, 2020 09:51 I Like It. | I Don't Like It. | Report Abuse
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The allotment in shareholders category will be on proportionate basis which means it will reduce your changes if you apply only 1 lot. Even when you apply for Rs 2 Lakh, it won't be easy to get the shares as this category is expected to be heavily oversubscribed.
Raj
28. Raj  Feb 25, 2020 21:51 I Like It. | I Don't Like It. | Report Abuse Reply
From where we can download ASBA form for shareholder quota
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28.1. Team Chittorgarh.com  Feb 26, 2020 09:48 I Like It. 1 | I Don't Like It. | Report Abuse
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SBI Card IPO is 100% online IPO. No paper applications. The broker or net banking will give an option to apply separately in retail, shareholders and employee quota.
Raju
27. Raju  Feb 25, 2020 23:36 I Like It. | I Don't Like It. | Report Abuse Reply
Does Upstox have an IPO platform?
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27.1. Team Chittorgarh.com  Feb 26, 2020 09:47 I Like It. | I Don't Like It. | Report Abuse
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Dear Mr Raju,
Upstox doesn't offer online IPO application. You have to apply through net banking facility from your bank account.
NILEEMA
26. NILEEMA  Feb 25, 2020 20:29 I Like It. | I Don't Like It. 1 | Report Abuse Reply
I know SBI is the holding company. It is only reducing it's holding to 69.51%. Why does not SBI become a creditor, now that it is a public limited company.
Secondly, why is not the other investor company - Carlyle mentioned. It holds 26% of share capital. It is the other "offer of sale" shares.







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