Know the details about the How To Sell SME IPO Shares In Upstox Step By Step Process Stock, Sell SME IPO Stock Shares In Upstox Online Procedure
A Comprehensive Guide to Selling SME IPO Shares on Upstox
Small and Medium Enterprises (SMEs) often opt for Initial Public Offerings (IPOs) as a way to raise capital and expand their business1. For investors, this provides an opportunity to invest in these enterprises at the ground level. If you’re using Upstox, India’s leading online broker, selling these SME IPO shares is a simple process. Let’s delve into how to go about it.
How To Sell SME IPO Shares In Upstox Step By Step Process Stock
What are SME IPO Shares?
An SME IPO is a process where a privately owned Small and Medium Enterprise sells its shares to the public for the first time through a stock exchange. It allows these companies to raise funds from the public, providing an excellent opportunity for investors to become stakeholders in these enterprises.
How to Sell SME IPO Shares in Upstox: A Step-by-Step Guide
1. Log In to Your Upstox Account
Start by logging into your Upstox account with your registered mobile number.
2. Navigate to the ‘Holdings’ Section
Once you’re logged in, head over to the ‘Holdings’ section from the top menu, where you’ll find all your share holdings.
3. Select the SME IPO Share You Want to Sell
Choose the SME IPO share that you want to sell.
4. Click on ‘Sell’
After selecting your share, click on the ‘Sell’ button.
5. Confirm Your Sell Order
A confirmation dialogue will appear. Review the details of your sell order, then confirm it.
6. Enter the OTP
You will receive an OTP on your registered phone number and Email ID. Enter this OTP to authenticate the transaction.
7. Finalize Your Sell Order
After you’ve entered the OTP, your sell order will be placed on the market. Once a buyer matches your sell order, the transaction will be completed, and the funds will be transferred to your trading account.
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Charges
When selling SME IPO shares on Upstox, standard brokerage charges apply. However, always check the latest fee structure on the official Upstox website for the most accurate information.
Things to Know
- SME IPOs can be a lucrative investment, but they also carry a high level of risk due to the nature of SMEs.
- It’s important to thoroughly research the SME and its financials before investing in its IPO.
- Keep in mind that the liquidity of SME IPO shares can often be lower than that of larger companies.
FAQs
What is the difference between an SME IPO and a regular IPO?
The primary difference lies in the size of the company issuing the IPO. SME IPOs are issued by Small and Medium Enterprises, while regular IPOs are typically issued by larger companies.
Is there a minimum amount I need to invest in an SME IPO?
Yes, the minimum trading lot for an SME IPO is Rs 1 Lakh.
Can I sell my SME IPO shares on the same day of allotment?
Yes, you can sell your SME IPO shares on the same day of allotment. However, this will be considered as intraday trading, and intraday charges will apply.
Selling SME IPO shares in Upstox is a straightforward process. With the right knowledge and strategy, you can make the most out of these investment opportunities.
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