What is for SBI staff in SBI card IPO?

SBI Bank IPO offers a reservation of 1.35% shares for SBI staff. SBI Employees also get a discount of Rs 75 when applying in the employee reservation category. An employee of the state bank of India can apply up to Rs 5 Lakhs in the employee category.

This offers an excellent opportunity for SBI employees to make quick money from this IPO. The 10% discount and expected 40% up listing could result in total gains up to 50%.

In addition to the employee reservation category, SBI staff can also apply in:

1. Shareholders Category - If they hold SBI shares in demat account as of Feb 18, 2020.
2. General Category - Retail Category (<Rs 2 Lakhs) or Non-Institutional Investor Category (>Rs 2 Lakhs)