How many shares are reserved for employees in SBI Card IPO?

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SBI Card IPO has 1,864,669 Equity Share reserved for State Bank of India (SBI) employees. Approximate 1.35% of the total issue size is reserved for employees. Note the employee quote is applicable only for current employees. It excludes retired SBI employees.

Shares offer to Employees: 1,864,669 Equity Share (~1.35%)
Total Shares Offered: Rs 500 Cr (Fresh Issue) + 130,526,798 (OFS)

Topic: SBI Cards IPO Employees Application - Explained Article

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