Your analysis is always very accurate. I didn''t follow your advise and applied to Nitiraj & Laxmi Cotspin. Sitting on losses on both. Do you recommend I sell and book losses or wait in hope of recovery in these two stocks.
I have never applied for SME IPO, But want to do so. However, my broker icicidirect informed that I cannot sell SME shares using icicidirect. Also, inquired at Kotak securities and they also donot support selling of SME IPO shares online.
Curious to know, how do you guys sell SME IPOs? Is there any online broker for the same? Please share so that I can also start trading in SME IPOs.
Thanks in advance.
29. SONMAYA| Link| Bookmark|
April 24, 2017 6:02:08 PM
IPO Guru (1300+ Posts, 500+ Likes)
dear gala remove second. thought from yr mind apply..zota..u r right no brainers !!!!!
Aanje MOH Mai ghee sakar sonmaya Bhai ..... Sonmaya Bhai I refrain to give contact number in public ..... Rather if u wish to talk to me personally m always there on board ....
I havenoticied many of the SME Lot''s quantity is reduced to half when the share price goes high. Any idea when the quantity of a lot will be reduced to half of the quantity?
Is the upper circuit 20% for first 3 days and then 10% from 4th day of listing?
Log in to your Internet banking and apply on line, on allotment the same will be credited in you demat account and amount will be debited from your bank account . On the day of its enlistment you can sell or buy the same in lots (not in retail) through your demat account. Mr Pradeep Kumar
If I apply for sme ipo through saving bank online account say SBI online, then, Can we sell also through online sbii only? Or how to sell SME ipo shares online? Thanks
14.1. CLD| Link| Bookmark|
April 14, 2017 10:42:56 AM
Top Contributor (500+ Posts, 100+ Likes)
Very few brokers who have NOW platform of NSE can sell or buy SME shares. Make sure that your broker can deal with SME shares. SBI does not deal with SME shares. In case you have been alloted SME shares & same are with SBI then you have to transfer them to any other account of other broker which deals with SME shares.
I also have saving account with Icici and I saw that ICICI Bank saving account IPO option is allowing to buy SME IPO. Will I be able to sell them also using same platform (ICICI Bank online)? My Demat acount is with icici direct.
If that is also not possible, then Can you recommend any other broker who provide buy and sell SME IPO shares online?
CLD sir, If I am not wrong, SBI deals with the SME shares to be listed in BSE only as I have been allotted Manomay Tex India SME shares. However, when ever I want to sell the allotted shares, order is not being accepted and it is cautioning me to check the holdings in T1 stock. I couldn''t understand what it means. However, I have postponed my plan of selling the shares and hence kept quiet. Sorry for troubling you, sir.
14.4. CLD| Link| Bookmark|
April 14, 2017 11:21:37 AM
Top Contributor (500+ Posts, 100+ Likes)
SME shares are dealt in seperate plarform.
Simple way is to talk to your broker about selling of SME shares.
You can apply for IPO from any broker but you cannot sell the shares from the same broker in most cases.