How to sell IPO shares bought through SBI ASBA?

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SBI only provides facility to apply for an IPO online. Once you get the allotment then the shares will be credited to your demat account. You can sell the shares on the listing day or any day after that. Once the company is listed, the shares will be available for trading on NSE and BSE (for Mainline IPOs) and NSE EMERGE or BSESME for SME IPOs. You need to have a trading account to sell your shares bought through the IPO. The process to sell IPO shares is same as any other share.

Topic: How to apply IPO through SBI bank? Article

7 Comments

7. Deergh Pandya

| Link|July 27, 2021 11:30:16 AMReply

Hi.
I opened the account in the GROW application but i had applied the IPO through my SBI NetBanking. Now how am i suppose to sell the IPO from SBI NetBanking because the IPO is not seen on my GROW application.

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7.2. Rohit

| Link|July 31, 2023 8:12:43 AM

I also have same problem

7.3. Varad

| Link|September 24, 2023 2:00:04 AM

Have you found the solution?

6. Rohit

| Link|July 31, 2023 8:10:12 AMReply

I applied ipo through mobile banking using groww account but this ipo is not showing on groww. Where the shares will be credited.pl reply

5. ANN

| Link|November 17, 2021 7:51:39 PMReply

I have applied for a recently listed IPO subscription through SBI ASBA, if I get the shares then where will they be credited. I have a DEMAT account linked on Zerodha only so shall I expect to receive them on my Zerodha account?

5.1. Ankit

| Link|May 4, 2022 9:50:16 AM

Have you found the answer to this question?

4. VVP

| Link|April 10, 2022 5:35:33 PMReply

Applied for SME IPO using SBI ASBA facility. How and where to trade them once alloted.

I tried exploring NSE EMERGE and BSE SME platforms but couldn't figure it out. Can some one help me please?

I have demat account with Paytm Money but it doesn't allow trading in SME shares.

3. Raghib

| Link|July 15, 2021 1:28:11 PMReply

I have a demat account in zerodha and Angel broking and both demat accounts are linked to the same SBI bank account. How do I know in which demat account the ipo bought through sbi internet banking will be transferred?
Will it be credited in zerodha or in Angel broking?

2. Subodh Soni

| Link|March 20, 2021 3:48:17 PMReply

I have demat and trading account in HDFC securities and applied for IPO through SBI net banking. Please let me know when these IPO will be displayed in HDFC Securities Demat account.

1. Rohit

| Link|January 23, 2021 10:37:29 AMReply

If I apply for IPO from sbi netbanking where these shares will be deposited. I don't have demat or trading account with SBI.
I have demat with zerodha, will applying from both zerodha and sbi increase my chances to get an IPO.

1.1. su

| Link|March 16, 2021 10:49:49 AM

yes

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