How do I apply to the SBI Cards IPO?You can apply to the SBI Cards IPO on Console using any supported UPI app. Once you have entered your bid on Console, you will receive a mandate collect request on your UPI app. On acceptance of the mandate, the bid amount will get blocked in your bank account. Read more.
Will I get a discount if I hold shares of SBI?As per the Red Herring Prospectus (RHP), shareholders of State Bank of India can apply in a category with special reservation but will not be eligible for a discount. You will need to hold at least one share of SBI as on Feb 18, 2020, in your demat account to successfully apply in the category. Applications in the shareholders' category, may have a higher chance of getting an allotment. Click here to check how to apply in the shareholder category through Zerodha.
Note - You will be eligible to apply in the shareholders' category only if you hold shares of State Bank of India (SBIN) as on the record date. A shareholder of different SBI group company, like SBI Life, will not be eligible.
Indicative IPO timetable
|Basis of allotment||11-3-2020|
|Refunds/Unblocking of ASBA||12-3-2020|
|Credit of share||13-3-2020|
|Mandate end date||19-3-2020|
Further Reading - Check this discussion on Tradingqna on the SBI Cards IPO.