Answer
Wait for the shares to appear in your Demat account (usually within 3 days after the IPO closes).
Steps to Sell IPO Allotment
- Log in to your Motilal Oswal Mobile App.
- Go to your Portfolio or Demat Holdings to see the IPO shares.
- Pick the stock and choose Sell.
- Type in how many shares you want to sell and choose the order type (market or limit) to set your price.
- Click Place Order to confirm the sale.
The money will go to your linked bank account once the sale is done.
Important Points
- Shares are usually on NSE/BSE within 3 working days (T+3) after the IPO closes.
- Make sure the shares are in your Demat account before selling.
- There are charges based on your Motilal Oswal plan.
- You can’t sell shares before they are listed on the stock exchange.