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?

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If you are applying in both shareholders and retail categories of SBI Cards IPO, the bid amount should not exceed Rs 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:

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