InvestorQ : in SBI card IPO if I buy in shareholders quota and suppose my name is selected then then my all lots will be selected or only 1 lot is selected.
rahul kothari made post

in SBI card IPO if I buy in shareholders quota and suppose my name is selected then then my all lots will be selected or only 1 lot is selected.

Answer
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6 months ago


This all depends upon the management & the total subscription for the IPO. In the case of SBI card IPO, the IPO is already subscribed more than 100% in the retail section so surely, you won't be getting all the lots. Usually, the management sees that every subscription user gets at least one lot.

Also, such a huge subscription needs luck & there is also a Quota system to get the shares. I hope you get it.