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How to Apply for SBI Card IPO?
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SBI Card
8.8
Pros
- Strong Company
- Government Funded
- Good Financials
Cons
- Medium Credit Card Future Growth
Are you planning to apply for SBI Card IPO? Then it is essential to know the process of how to apply for SBI Card IPO.
Read the step-by-step guide and grab a high return on your investment.
But before moving ahead with the process of IPO it is important to go through important information like SBI Card IPO Details and also know what is the date of SBI Card IPO.
SBI Card IPO Online
It has now become easier for every keen investor to apply for IPO by just following few steps online.
To apply for SBI Card IPO you can either approach your bank that offers ASBA facility (ASBA is the Application Supported by Blocked Amount that offers an easy and efficient way to apply for an IPO. SEBI has made ASBA mandatory for IPO bidding) or to your broker.
In both the case it is essential for you to open a Demat account.
Moreover, if you are looking for the Free Demat Account then,
Just fill in a few basic details here to get started:
Investing in IPO through ASBA blocks your account and money will be debited from your bank account only if shares are allotted in the IPO.
This offers the advantage, as one can earn interest even on block funds.
How to Buy SBI Card IPO?
Still wondering how to get the SBI Card IPO online. Here are the simple steps you need to follow once you open an SBI Free Demat Account.
1. Login to your trading account in SBI
2. Select the IPO (here SBI Card IPO)
3. Transfer funds from the linked bank account to your trading account.
4. Select the number of shares for which you want to apply for.
5. Enter the bid price.
6. Submit your entries.
On allotment, the shares will get credit to your Demat Account and the remaining money will be credited to your bank account via ECS.
Know about the SBI Card IPO allotment status and find whether your shares get allotted or not.
Also, if you want to know more about other upcoming IPO processes, then you can check the UTI AMC IPO.
Bottom Line
There is no doubt that the internet and growing technologies have made it easier for every other to apply for any IPO easier.
So if you are thinking to apply for the SBI Card IPO, then get ready to process your request online.
If you are not having a Demat Account, then open it immediately.
In case, you are looking forward to learn more, feel free to contact us.