Investors who hold SBI shares on the cut-off date (the date of filing RHP with SEBI) are eligible to apply under the shareholder's category of SBI Cards IPO. As per SEBI, the maximum lmit defined for the 'retail individual shareholders to apply in shareholder category is Rs. 2 lakhs. SBI shareholders (bidding up to Rs. 2 lakhs) can also apply under the retail category.
Further, if an SBI shareholder is also an SBI employee, he/she is also eligible to apply in all theh Three categories- RII (up to Rs. 2 lakhs), Shareholder (up to Rs. 2 lakhs) and Employees (up tos Rs. 5 lakhs).
Note : As per the DRHP, SBI Shareholders applying for the Bid Amount above Rs. 2 lakhs under the SBI Shareholders Reservation Portion, respectively, and QIBs (including Anchor In- vestors) and Non-Institutional Investors, are not entitled to Bid at Cut-off Price. We have to wait till RHP to confirm whether the retail individual shareholder is eligible to invest above 2 lakhs or only NII/QIB who are SBI shareholder bidding under the shareholder category can apply above Rs. 2 lakhs. Shareholders Reservation Portion: Up to 13,052,680 Equity Shares SBI Cards IPO - Schedule (Tentative)
Serious efforts at the highest levels are being made to announce the IPO within February 2020.
28th Feb - Announcement of Price Band
03rd Mar - Anchor Investors Allotment
04th Mar - Offer Opens
06th Mar - Offer Closes
12th Mar - Finalisation of Basis of Allotment
13th Mar - Unblocking of ASBA Accounts
16th Mar - Credit of Equity Shares to Depository Accounts
17th Mar - Commencement of Trading on NSE/BSE
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