How Can I Get SBI IPO In Shareholder Category?

What is shareholder category in SBI IPO?

SBI shareholders: Under the IPO, 130.53 lakh equity shares have been reserved for SBI shareholders.

Individual shareholders of SBI can apply under the retail (investment up to Rs 2 lakh) as well as shareholder category (investment up to Rs 2 lakh)..

Is ASBA mandatory for IPO?

Considering the reach and advantages of the ASBA (Applications Supported by Blocked Amount) facility, it shall now be mandatory for all investors to use the ASBA facility for applying to an IPO, Sebi said in a press release. The new system will be applicable for all IPOs which open on or after 1 January 2016.

How can I increase my chances of an IPO?

Here are five simple tips to increase IPO allotment chances:No benefit for big application.Apply with multiple Demat Account.Always choose cut-off Price.Check subscription status.Avoid last moment rush.Avoid technical rejections.Buy parent or holding company shares.

Is IPO first come first serve?

IPO allotment doesn’t happen on the basis of who applied first or the first come, first serve basis. … If the IPO has not received good response from the investors and it is under subscribed then you may get allotted as many lots you have applied for.

How do I get shareholder category for an IPO?

Here are the steps to apply under shareholder category through Zerodha Console:Login to Zerodha Console.Click on Portfolio tab.Choose ‘IPO’ from the drop-down list.Select the IPO you want to invest.Enter your UPI ID and verify the details.Select the Investor Type as ‘Share Holding Category’Put Bid and Price in the box.More items…

What is the last date to buy SBI shares to become eligible for SBI Cards shareholder category?

February 18, 2020Yes, SBI shareholders holding SBI shares as on February 18, 2020 can apply in both categories, provided their application amount in the shareholder category does not exceed 200,000. To be eligible for the shareholder category, what is the date of holding the share? The record date for shareholders is February 18, 2020.

Can I apply in retail and shareholder quota in SBI IPO?

Yes, you can apply in both retail and shareholders categories of SBI Cards IPO using the same demat account. Note that in this case, you are eligible for a maximum limit of ₹200,000 in shareholders category.

Can I apply IPO with different bank account?

The allowed number of ASBA IPO application per bank account varies by the bank to bank. Some banks like SBI allows up to 5 IPO applications per bank account while other banks like ICICI Bank only allow 1 IPO application. If the bank allows multiple applications, it doesn’t matter whose name these applications are on.

Can I apply for IPO from two demat account?

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.