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What is the maximum limit in the employee category in SBI Card IPO?

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The maximum amount SBI Employee can apply for in SBI Cards IPO under the Employee category is Rs 500,000.

However, the initial allotment to an employee is limited to Rs 200,000 only. The remaining Rs 300,000 will be considered in case of under-subscription. The unsubscribed portion will be allocated proportionately to all Eligible Employees applied between Rs 2L to Rs 5L.


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