FAQs

Question

Can I sell my allotted shares on the day of listing?

Answer

Yes, you can, If you have purchased shares offered through an IPO in the form of "Offer for Sale," It signifies that existing shareholders have sold their holdings to new allottees. This implies a direct transfer of ownership from the existing shareholders to the new investors participating in the IPO . Here there is no change in the underlying financials of the company and if it was compliant pre IPO, it will continue to be compliant post-IPO too.