Yes, you can apply in both retail and shareholders categories of SBI Cards IPO using the same demat account.
SBI shareholders can apply in both; RII or NII as well as shareholder category with the maximum limit of Rs 200,000 in shareholders category.
When a subsidiary company releases its IPO, it reserves some shares that are made available as an offering under the shareholding quota of the parent company. … Shareholder’s Quota is a reserved category and eligible investors need to apply under this category.
Online ASBA facility
Internet Banking users should log on to www.onlinesbi.com and go to e-services >> Demat & ASBA services>> IPO (Equity) ASBA or IPO (Debt) ASBA option. Any SBI customer, who has a Savings or Current Account, can register for Internet Banking facility.
Can I apply IPO in 2 categories?
No, one person cannot apply multiple times through multiple applications for an IPO. It’s a rule and if you apply in an IPO though multiple applications with same name or same demat account or same PAN Number, all of your application will be rejected.
How do I apply for an IPO for an employee category?
If you are applying in an IPO through the net-banking facility of SBI, ICICI or HDFC, you can find an option to apply an employee category as shown below. The options to apply in the employee category is not available with discount brokers like Zerodha, 5paisa, Upstox, and Edelweiss.
Existing shareholders can sell their shares in the IPO if their shares are included in and registered as part of the offering. … Selling shareholders may include, in addition to early investors seeking liquidity on their investment, the company’s founders and management.
Who is eligible for SBI Card?
Minimum age limit to be eligible to apply for a credit card online is: Salaried individual – 21 years or above. Retired pensioner within the age group of 40-70 years. Self-Employed individuals above the age group of 25 years.
Shares are distributed on a proportionate basis in SBI Card IPO shareholders category. The minimum allotment will be 19 shares (1 lot). … If a retail investor intent to apply in both retail and shareholders category, the limit is Rs 2 Lakhs in shareholders category.
Steps to apply for an IPO through Groww
- Select the IPO from the list of open IPOs.
- Enter the number of shares in the multiples of lot size.
- Enter the bid price within the price range or tick on the cut-off price.
- Click on Continue.
- Enter your UPI ID.
- Click on Submit Bid.
How do I get IPO allotment for sure?
6 Tips and Tricks to get Confirm IPO Allotment
- Apply Single Lot.
- Use Multiple Demat Accounts.
- Choose Cut-off price during the IPO Application Advertisement.
- You Should Avoid Last Moment Rush.
- Avoiding Technical Rejections.
- Buy Parent Company Shares.