SBI Cards IPO was oversubscribed 26 times, which means not all those who bid will receive s but allotment will be done through a lottery.
The allotment status has been updated for you to check on the website of the ‘Registrar To The Offer’, which in this case is Link Intime India Private Ltd.
You can check the number of shares you have applied for and the number of shares that have been allotted to them on Link Intime’s website.
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The SBI Cards initial public offer (IPO) saw a bumper response from investors who dodged fear of coronavirus to bid for the issue. The second-largest credit card issuer in the country received bids more than 266 crore shares against the offered 10 crore shares.