2) Bids can be made for a minimum of 19 equity shares and in multiples of 19 equity shares thereafter. So minimum amount (at cap price of ₹755 minus a discount of ₹75 per share) will be ₹12,920.
3) SBI employees can make bids for a maximum of 722 equity shares. So maximum amount (At cap price of ₹755 minus discount of ₹75 per share) will be ₹4,90,960.
4) Retail investors who also hold State Bank of India (SBI) shares can apply for shares reserved for this category. They are eligible even if they own just one share of the bank.
5) The initial allotment to an eligible SBI shareholder shall not exceed ₹2,00,000. The maximum bid amount under the Employee Reservation portion by an eligible SBI employee shall not exceed ₹5,00,000
SBI employees can apply through onlinesbi(dot)com. Applications from OD accounts are not allowed. The employees should apply through a savings bank account only.
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