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

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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.

Topic: Minor Demat & Trading Account Explained - IPO, Tax, NCD FAQ Article

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