Answer
To sell your IPO shares on the listing day, follow these steps:
- First, confirm the shares have been credited to your Fyers Demat account.
- Log in to the Fyers Web or App and go to Portfolio >Holdings.
- Select the IPO stock and click Sell.
- Input the desired quantity and set the price (use either Market or Limit order).
- Select CNC (Cash & Carry) as the product type. A pop-up will appear, prompting you to authorize the transaction through EDIS (Electronic Delivery Instruction Slip) with your CDSL DP.
- Complete the verification by entering the CDSL TPIN and the OTP sent to your registered mobile number, then click “Verify.”
Important Considerations:
- You can sell shares on the listing day during the pre-open session, once your Depository Participant (DP) has processed and credited them to your account.
- Selling your holding (CNC) is impossible without authorizing the transaction via EDIS/TPIN.
- Share credit for SME IPOs may take longer compared to mainboard IPOs.
- Always select CNC (Cash & Carry) when selling shares from your holdings.