What is for SBI staff in SBI card IPO?

SBI Bank IPO offers a reservation of 1.35% shares for SBI staff. SBI Employees also get a discount of Rs 75 when applying in the employee reservation category. An employee of the state bank of India can apply up to Rs 5 Lakhs in the employee category. This offers an excellent opportunity for SBI employees to make quick money from this IPO . The 10% discount and expected 40% up listing could result in total gains up to 50%. In addition to the employee reservation category, SBI staff can also apply in: Shareholders Category - If they hold SBI shares in demat account as of Feb 18, 2020. General Category - Retail Category ( Rs 2 Lakhs)