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For share holder category, if applying for greater than 2 lakhs, shouldn't we apply at cut off price?

Hi Admin,

First of all thank you very much for your valuable inputs and knowledge. Its really great.

I am going through the point no 8 above which is "

"SBI Shareholders Bidding under the SBI Shareholders Reservation Portion (subject to the Bid Amount being above ₹200,000) are not entitled to Bid at the Cut-off Price."

Can you elaborate more on this. I mean if some one wants to invest 5L in SBI SH category, should we select the bid price or not ? Will the application allow it ?
As per the above point, we will not be allowed to bid at the Cut-off price . In this scenario, how to bid and at what price we need to bid ?
Will it allow to bid at higher price ? Can you give some details on what is this higher price.

Also if we invest more than 4L in SH category, will it be considered as HNI category or simply SH category. ?

Thank you
Sri

Hi Sri,
In this case you have to bid at Rs 755 (upper side of the price band).

Do not worry about option to apply at cut-off as its applicable only when there is not enough demand and price may finalize other then the upper price.

In case of SBI Card, the IPO will surely oversubecribe and its almost certain that the issue price will finalised at Rs 755.