The bidding period for SBI Cards IPO has been completed. Along with this, the IPO of the size of more than Rs 10,355 crore of the company got 26.54 times more subscription on the last day of bidding on Thursday. Apart from this, according to exchange data, the company had invited bids for more than 10 crore shares. While the company has received bids for 266.16 crore shares, it does not have 3.66 crore shares allocated separately for anchor investors. The question arises that those who have bid for the IPO will have to wait for the allocation of shares. With this, if no one is allotted shares, how long will they get the refund. Apart from this, it is also important for the investors to know when the company shares will be listed and when the block money will be unblocked in your account.

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On which day will the shares be allotted
After SBI Card IPO Application, investors are waiting for the highest allotment date. With this, let us tell you that the likely date for the finalization of the SBI Card IPO Allotment is 11 March 2020. It means that by next Wednesday evening, investors will know whether they have been allotted shares or not. After this, the refund process will start from March 12. The process of demand transfer will start on 13 March.

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Listing date in stock markets
Talking of SBI Card Stock Listing Date, the listing of the shares of the company can be done on the stock market on March 16, 2020 i.e. on Monday. Apart from this, the mandate deadline will expire on March 21, 2020, for the investors who have given the mandate for this IPO through UPI. At the same time, it means that you will be able to use the block amount in your account if it is not listed.

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