While the SBI Card is set for a Monday launch and is creating a lot of buzz around it, there is also a lot of confusion and questions around the Initial Public Offer (IPO). Many investors do not know how to put their money in the stock. How can the investor subscribe to the stock and make payments through UPI or internet banking? There is also some confusion among the employees of SBI's payment services arm - SBI Cards & Payment Services - as to what is in store for them and how can they take advantage of the offerings.

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To help investors understand the entire process quickly, Zee Business Managing Editor Anil Singhvi provides all the answers.

While there is an opportunity for the investors to make money through the SBI Cards IPOs, understanding the nitty-gritty and how to go ahead with the application process has its own share of challenges for investors. Zee Business Managing Editor Anil Singhvi steps in and provides all the answers to cut through the confusion. A small mistake can either lead to rejection of the application or create problems while submitting it.

The price band for SBI Card is between Rs 750-Rs 755. You have to create an application at the price of Rs 755. You need to create an application only for one lot and there will be 19 shares. The amount that you would need is Rs 14,345. This much amount will be blocked from your account.

In the retail category, this issue will be getting a tremendous response too. It is not advisable to invest in more lots. Instead, you can create applications in the name of your family members.

The definition of retail investors is the same in this condition too. Any investor who invests up to Rs 200,000 is considered a retail investor.

The best part about this IPO is that some extra shares have been kept for those people who already have the State Bank Of India shares. Around 1.3 cr shares will be allotted exclusively to the shareholders of SBI. This is because SBI cards is a subsidiary company of  SBI. So keeping this in mind, SBI has done a great thing by keeping a quota for the SBI shareholders.

There is also an employee quota. If you are a permanent employee of the SBI Card on 18th February 2020 (The day when the IPO was approved) then you will be considered an employee of the company. The employees have a discount of Rs 75 on the shares. In all, 1865000 shares have been allocated for the employees.

All SBI (SBI and SBI Cards) employees across the world are eligible to apply.

SBI shareholders cannot invest more than Rs 200000.

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The second-largest card issuer SBI Cards & Payment Services, which is hitting the primary market with a Rs 9000-cr IPO, has set the price band for the share sale at Rs 750-755. The IPO, opening on March 2, comprises fresh issue of equity shares aggregating to Rs 500 crore and an offer for sale where promoters will offload nearly 13 crore shares. Promoters SBI and Carlyle Group will offload 3.73 cr shares and 9.32 cr shares respectively.