SBI Card IPO Allotment Status

SBI Card IPO closes today and now is the time to look forward to the allocation of shares. If you have applied for the IPO then here is the link to check your  SBI Card IPO allotment status.

SBI Card IPO allotment refers to the document that is published by the registrar of IPO after allocating shares as per the regulatory guidelines of SEBI.

If you have an SBI Free Demat Account, you have an option to check SBI Card IPO Allotment Status.

In general, the IPO allotment points towards the number of applicants who will receive a single lot of shares among other applicants.

SBI Card IPO Allotment Details

The SBI Card IPO Allotment status will be available on March 11, 2020. We will update the link to check the allotment status of your share on our website.

 To check the SBI Card IPO Allotment status, Click Here!

 

The registrar of the IPO (Karvy or Link In time) finalizes the SBI Card IPO basis of allotment.

The allotment status for IPO will be updated once the bid is closed. Generally, it gets finalized within a week’s time.

Want to check the SBI Card Allotment Status, here are the steps you need to follow:

• Visit the allotment page of SBI Card IPO.
• Click on the green button of the allotment status. (The button become active once the allotment is finalized)
• Enter PAN Card details or DP ID of the Demat Account.
• Click on Search Button.
• You will get the result showing the number of shares allotted to you.

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SBI Card IPO Allotment Date

SBI Card IPO allotment status will be available on March 11, 2020. Proceeding this the initiation of refunds will start from March 12, 2020.

After the allotment is finalized the shares will be credited to your respective Demat account by March 13, 2020.

Keep visiting our website to check the active link.

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SBI Card IPO Allotment Basis

To check the basis of the allotment of SBI Card IPO revisit our website.

We will update the information once the allotment status is active.

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SBI Card IPO Allotment Chances

The subscription status of the SBI Card IPO will be updated today when the IPO closes.

For those who are eagerly waiting for the allotment status, and thinking of whether their shares get in the list or not here is how you can assume the chance for getting allotted.

In a general rule, during the subscription, if the IPO is over subscribed in the retail category, then the allotment of shares is done by following a simple rule. Each bidder will get at least one minimum lot.

Rest of the shares are allotted at the equal proportion.

On the other hand, if the over subscription is huge, making minimum share allotment impossible, then in such case the allotment of shares will be done on the basis of lottery.

SBI Card IPO Subscription is already oversubscribed by 16.7 times contributing the subscription 57.18 times.

In the value, the non-institutional investors subscription is 6.37 times, and the retail is subscription is 2.03 times.

The subscription of the reserved portion of employees is 3.32 times and that of the State Bank of India’s shareholders is oversubscribed to 6.12 times.

So as per the subscription level, there would be better chance of SBI Card IPO allotment for those who split their investment and subscribe with IPO multiple bids using different accounts.

This increases the probability of allotment in case the lottery system is adopted.

For existing shareholder of the SBI, the probability of allotment is higher as some percentage of shares is already reserved for them.

Also, the existing shareholder can apply in the retail category, thus having more chance of allotment.

If looking for another big IPO in the list, then the Burger King IPO will soon open in the month of December, 2020 and also know the Burger King IPO Allotment Status and How to apply for Burger King IPO?.

Also, know about UTI AMC IPO Allotment Status.

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Bottom Line

Keep visiting our website to know the SBI Card IPO allotment status of the shares.

For those whose shares are not allotted in the SBI Card IPO, then this could be one of the following reasons:

1. IPO become oversubscribed and the allotment process is executed through lottery.
2. The information entered while applying for the SBI Card IPO is incomplete or wrong.
3. When the Issue price is higher than the bid price.

Also, want to know more about the upcoming IPO? Read UTI AMC IPO, Laxmi Organics IPO, NCDEX IPO, and check NCDEX IPO Allotment Status.

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