No - i dont think so. these are restricted shares so intraday trading is not allowed. Assuming one-day settlement is implemented for SME shares, you might be able to sell next day.
203.2. GuruMahadev| Link| Bookmark|
February 16, 2023 7:47:15 PM
Top Contributor (200+ Posts, 100+ Likes)
Okay I did do this kind of trading today and it allowed me to do so, hence the question Either the broker should grey out selling if T+1 is not achieved or despite of all this one sells like I did what are the implications? Any insights would help
Yes. it appears to be broker's fault. Since the buy trade gets credited in your dmat only at T+1, you did not own the shares that you sold. i.e. you sold short. So typically there would be an auction conducted for your short-sold shares at exchange and you might be levied a penalty (check auction rules on broker's website). However, your loss may not be high (could be 0 or even profit if you are too lucky) as you still hold shares.
For applying for minor account we have to use our UPI id as UPI application for minor account is not possible so in this case will it be considered as third party???
Just a recommendation Pre open sell and Go. nothing fancy to wait even till 10 AM. It might open around 10-15% listing gains. People who don't want to trap, sell in pre open
@SVH,GEM PICKER,NOORUL,LOKES,MRAVI, ANANTAGG,ARCA,SSINGH,Dear experts wht should be the Listing strategy? For Allotees & fresh buyers? as per ur analysis & Views? Thanks for guidance
186.3. G profit| Link| Bookmark|
February 15, 2023 3:14:54 AM
IPO Mentor (1000+ Posts, 200+ Likes)
No any whare show allotment.. Name Allotment Link Link Intime India Private Ltd linkintime IPO Allotment Link KFintech Private Limited kfintech IPO Allotment Link Bigshare Services Pvt Ltd bigshareonline IPO Allotment Link Cameo Corporate Services Ltd cameoindia IPO Allotment Link Skyline Financial Services Pvt Ltd skylinerta IPO Allotment Link