SBI Cards IPO: Allotment of shares finalised, steps to check status

The SBI Cards IPO is one of the largest share sale in recent times, both in terms of size and oversubscription

The allotment of shares for the SBI Cards and Payment Services initial public offering (IPO) was finalised on Thursday. The SBI Cards IPO, open between March 2 and March 5, had been oversubscribed 26 times, which meant not all those who bade were to receive shares and the allotment was to be done through a lottery system. The allotment status has been updated for clients 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 applied for and the number of