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Can I sell shares which I received in the minor demat account through IPO allotment?

Zerodha (Flat Rs 20 Per Trade)

Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Yes, the equity delivery trades are allowed to the minor. You can see IPO shares anytime. Please contact your broker for the same.

You could also transfer shares from minor demat account to Guardian demat account and then sell it. As anyway the tax liability is with the Guardian, it doesn't actually make any difference.

Note that you cannot do equity intraday or F&O trading in the minor account.


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