Is it mandatory to own stocks of SBI before subscribing to the SBI Cards IPO?

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Are you a day trader?

No, it is not mandatory to own SBI shares to apply in SBI Card IPO. Investors, who are not SBI shareholders, can apply in retail and NII categories.

If you are an SBI shareholder, you get an additional benefit to apply under the shareholder's category. This increases the chances of allotment and thus profitability.


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