How to sell IPO shares: listing day step by step
Allotted shares arrive in your demat account the day before listing. Selling them works like selling any share, with a couple of listing-day details to know.
When you can sell
Shares are credited on the second working day after the IPO closes and the share lists on the third. On listing day, mainboard IPOs go through a special pre-open session in the morning, and normal trading starts after it, typically around 10 AM. You can place a sell order once the share is open for trading.
Placing the order
In your broker app, open your holdings: the allotted shares appear there. Choose sell, enter the quantity and pick a limit or market order. On a volatile listing day a limit order protects you from selling far below the price you expect.
Authorising the sale
Selling from your demat account needs your authorisation with the depository, usually a CDSL TPIN and OTP or an NSDL equivalent, unless you have given your broker a standing authorisation. Do it a little before you sell so the order isn't held up.
After the sale
The sale settles the next working day and the money reaches your trading account. Record the sale price in IPO Khata's P&L page so your family's profit, and the tax you may owe, are worked out correctly.
Related guides
- How an IPO share lists: the pre-open session
- Selling or holding IPO shares on listing day: what to weigh
- Tax on IPO gains
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Information, not investment advice. GMP is an unofficial grey-market indicator; figures come from public sources (InvestorGain) and may be late or wrong. Not registered with or affiliated to SEBI, the exchanges, the registrars or InvestorGain.