FAQS

SBI CARD IPO

What is ASBA?
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  • ASBA means “Application Supported by Blocked Amount”. ASBA is an application containing an authorization to block the application money in the bank account, for subscribing to an issue. If an investor is applying through ASBA, his/her application amount shall be debited from the bank account only on the basis of allotment or the issue is withdrawn / failed or investor cancels the bid placed by him/her.
How can I use placing SBICARD IPO order online using ASBA?
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  • Below are steps for placing IPO order online using ASBA:
  • Visit www.sbismart.com
  • Login using your user id and credentials
  • Click on IPO tab
  • SBICARD IPO will be displayed
  • Click on Apply
  • IPO details & Applicant details like your Name, Bank account number , PAN & DP Id will be displayed.
  • Select the category as General, Shareholder or Employee while placing the bid.
  • Under Bid form window, you can place the order as per the cut-off price or manually enter the price and quantity
  • You will get two options for blocking of funds for the IPO:

ASBA
UPI ID

  • Select ASBA option
  • A confirmation message will be displayed stating that you have the required amount to be blocked in your SBI Bank account.
  • Click on Ok and click on Submit. Your order will be placed successfully.
Who can apply SBICARD IPO via ASBA through website?
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  • Existing Sbicap Securities Ltd. Customers who are having SBI bank account only registered as their primary bank account for trading can apply for IPO using the ASBA facility.

Customers with Non SBI bank account can apply to IPO using UPI id for application amount upto Rs.2 Lakh only. Eligible Employees cannot bid through the UPI mechanism.

What are the categories available under which I can apply for IPO?
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  • 3 categories are available under which you can apply for IPO:

General

Shareholder

Employee

Can I apply for IPO in the employee category and what is the maximum bid amount?
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  • You can apply for IPO in employee category, only if you are an permanent employee of SBI Bank or SBI card as on 18/2/2020 and who continues to be a permanent employee of the SBI Cards or SBI until the submission of the Application form. 5 Lakhs is the Maximum limit to apply under the employee category of SBI Cards IPO.
Can I apply through UPI under the employee category?
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  • No, employees shall not be able to bid through UPI mechanism.
Who can apply under the shareholder category?
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  • Investors who are having SBI Bank shares in their DP account as on 18th Feb, 2020 can apply under the shareholder category. Minimum one share of SBI is enough to be eligible to participate in the SBI Cards IPO under the shareholder's category.
I applied for IPO using the ASBA facility, but still the amount is not blocked in my bank account. When will my funds be blocked?
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  • If you have applied for IPO using ASBA , then blocking of funds will happen either on T day or T+1 day, T being the last day of the IPO.
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  • For example, if you apply for SBICARD IPO on either 2nd, 3rd, 4th or 5th March, then blocking of funds will happen either on 5th March or 6th March.
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  • Thus, still 6th March you need to ensure that you have sufficient amount in your account for successful blocking of funds.
Will I be notified when the bid is successfully placed?
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Yes. Once the bid details are uploaded on the stock exchange platform, the stock exchange shall send an SMS to you regarding bid of your application, on end of day basis.

Can I modify the orders placed for orders placed Upto 2 lakhs?
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No, you cannot modify the orders placed.  If you wish to change the quantity or price, you can cancel the existing order and place a fresh order during the issue period.

Can I cancel the orders placed for amount upto 2 lakhs?
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Yes, you can cancel the orders placed.

Can I modify the orders placed for orders placed more than 2 lakhs?
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  • Yes, you can modify the orders for orders placed for more than 2 lakhs provided it’s an upward modification. Downward modification is not allowed.

For e.g. if you have placed order for 5 lakhs, then modification request for amount more than 5 lakhs will be allowed. Less than 5 lakhs will not be allowed.

Can I cancel the orders placed for amount more than 2 lakhs?
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No, you cannot cancel the orders if the order amount is more than 2 lakhs.

Till what time will amount remain blocked in my account in IPO process?
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The amount will be blocked till the finalization of allotment, post which the amount will be unblocked based on no allocation or partial allocation.

Can I change my DP ID?
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No, you cannot edit your DP Id while placing the IPO order. DP Id will be a default id which is associated with SBICAP Securities Ltd.

Where can I view status of my order?
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To view the status of your order, click on IPO>Order book.  If DP status is S then your DP validation is successful and your order is placed successfully in exchange.

My DP status is P? What does it mean?
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If your DP status is still showing P after placing the order, then your DP validation is pending and order also is still in pending stage.

Can exchange reject my order?
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Yes, if your DP is suspended then, your applications will be rejectedunder technical grounds and it will not be considered for allotment.

Till what time can I place/cancel the SBI CARD IPO order?
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SBICARD applications will be kept open for four days from 2nd March-5th March till the cut-off time on www.sbismart.com.

Where can I view the details of the IPO order placed by me?
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To view the details, click on IPO>>Order book>>View. It will display the bid details and DP verified validation status and the amount blocked.

My bids will be placed in which exchange NSE or BSE?
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Your orders will be placed in NSE.

Can I place order by calling my dealer?
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Yes, you can place the IPO order either by ASBA or UPI id by calling your mapped RM or our Central dealing desk on 022-68545555.

Can I place order through Mobile app?
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No, you will not be able to place order through Mobile app. You place the orders only via www.sbismart.com or through our dial and trade facility.

What is UPI?
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Unified Payments Interface (UPI) is an instant payment system developed by the National Payments Corporation of India (NPCI), an RBI regulated entity. With UPI, you can transfer money between any two parties' bank accounts instantly. To use it, you have to create a unique UPI ID (also known as Virtual Payment Address (VPA).

How can I use UPI id for placing SBICARD IPO order online?
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  • Below are steps for placing IPO order online using UPI id:
  • Visit www.sbismart.com
  • Login using your user id and credentials
  • Click on IPO tab
  • SBICARD IPO will be displayed
  • Click on Apply
  • IPO details & Applicant details like your Name; PAN & DP Id will be displayed.
  • Select category as General, Employee or Shareholder
  • Under Bid form window, you can place the order as per the cut-off price or manually enter the price and quantity
  • You will get two options for blocking of funds for the IPO:
    • ASBA
    • UPI ID
  • Select UPI ID option
  • Enter your existing UPI id and click on Submit
  • Your order will be placed and you can view the status in the order book.
  • On successful placement of your bid you will receive a collect request on your Bhim’s Mobile app for your approval.

On approval, the Bid amount will be blocked in your bank account by your bank On allotment of shares the amount will be debited from your account else the amount will be released.

Who can apply IPO via UPI through website?
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Existing Sbicap Securities Ltd. customers with a valid UPI id can apply IPO by logging to www.sbismart.com with their credentials.

I do not have a VPA or UPI ID. How do I create one?
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Kindly click here to view how to create UPI ID.

Do I need to enter UPI ID of the default bank ac or any other linked bank ac?
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You can enter UPI ID of any bank account even if it is not linked to your trading account.

If I have SBI bank linked, but enter my UPI ID of other bank, will it give me an error?
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No, it will not give any error, as you can use UPI ID of any other bank, provided you are the first holder of the bank account.

Can I use my existing UPI ID for applying in IPO?
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Yes. The existing UPI ID can be used, provided that the bank account associated with it, belongs under your name, you being the first holder.

Up to what limit can I apply for an IPO using UPI?
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The limit for IPO application is 2 Lakhs per transaction on UPI.

Can I use third party UPI ID or a third party bank account for making payment in public issues?
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No. Applications made by retail investors using third party UPI ID or by any category of investors using a third party bank account will not be considered for allocation.

What if I enter a wrong UPI id?
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  • If a wrong UPI id is entered, you will not receive the request from Bhim/Yono app for approving blocking of funds.
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  • We are not validating your UPI id while placing the order, thus make sure that the UPI id entered is correct and valid.
What will happen to the blocked amount if I cancel my order?
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The blocked amount will be revoked immediately as soon as you cancel the order. You will receive a SMS for the same from the Bank.

Till when can I revoke a block request?
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A mandate request once created can be revoked till closure of the issue.

Is there any timeline by which I need to approve the block request?
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Yes, you need to approve the block request until T+1 till 12 pm, T being the closure date of the IPO. In case you do not approve the mandate within the stipulated time, your order will be invalid.

What if I want to change my UPI Id?
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  • If you wish to change your UPI Id, you need to cancel the existing order and place a fresh order with the new UPI id.
Can I use my existing UPI Id for applying IPO?
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Yes, if you have an existing UPI id, you can use the same to apply for IPO. Below is the list of handles which are valid for applying to IPO

Sr. No.

UPI Apps live on IPO

Handle

1

BHIM (android & iOS)

@upi

2

BHIM Axis Pay (only android)

@axisbank

3

BHIM SBIPay (only android)

@sbi

4

Citi Mobile (android & iOS)

@citi & @citigold

5

Google Pay (android & iOS)

@okhdfcbank, @okaxis

6

HSBC Simply Pay (android & iOS)

@hsbc

7

iMobile by ICICI Bank (android users)

@icici

8

Phone-Pe (android & iOS)

@ybl

I have mapped my OD account with trading account with SBICAP Securities. Whether I can apply from www.sbismart.com?
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  • The lien request will be sent with the bank account details as you can see in order form. As per SEBI circular, lien is not allowed to be marked on OD Account. Hence, the application, if made using OD Account will be liable to get rejected on technical grounds. You may use onlinesbi facility to apply for IPO.
I am an employee of State Banh of India, am I eligible to apply for SBI Cards and Payment IPO under employee category?
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  • All the permanent employees of State Bank of India as on 18/2/2020 are eligible to apply under employee category.
I am retired employee / pensioner of State Banh of India, am I eligible to apply for SBI Cards and Payment IPO under employee category?
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  • Retired employees / pensioners are not eligible to apply under employee category. If applied, application will be rejected by Registrar to the issue during the allotment process..
While applying on www.sbismart.com, whether your system will check if I am eligible to apply under employee or shareholder category and will restrict me from applying under these categories if I am not eligible?
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  • Our system will not check whether you are eligible to apply in respective categories. It will accept the order and process it. Your application will be rejected by Registrar to the issue during allotment process
Can I make multiple applications under various categories available for the issue?
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  • Applications made in various categories will not be treated as multiple applications subject to the limits specified below.

Scenario

Shareholder category Application Size

Employee category Application Size

General category Application Size

Maximum No. of Applications

Only SBI Card Employee

NA

Y<=500000

Y- Retail or HNI

2

Only SBI Employee

NA

Y<=500000

Y- Retail or HNI

2

SBI Employee on deputation to SBI Card

NA

Y<=500000

Y- Retail or HNI

2

Both SBI / SBI Card Employee and a SBI Shareholder (Bid amount does not exceed Rs. 2,00,000 for SBI Shareholder)

Y<=200000

Y<=500000

Y- Retail or HNI

3

Both SBI / SBI Card Employee and a SBI Shareholder (Bid amount exceeding Rs. 2,00,000 for SBI Shareholder)

Y->200000

Y<=500000

N

2

Only SBI Shareholder (Bid amount does not exceed Rs. 2,00,000)

Y<=200000

NA

Y- Retail or HNI

2

Only SBI Shareholder (Bid amount exceeding Rs. 2,00,000)

Y->200000

NA

N

1

Multiple applications in same category or other categories (beyond above matrix) should be avoided. Otherwise, all applications will get rejected.