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There is no lock-in period for retail investors. You can sell your allotted share anytime.
Can I lose my money in IPO?
If you are investing in any Initial Public Offer just for listing gains then you can gamble with your money. Therefore, the gain in two IPO’s and loss in one might be enough to wash out all the gains.
How do I sell my alloted IPO?
Steps to sell IPO shares in pre-open market on the day of listing:
- Call broker or go online and place the sell order with the price at which you would like to sell.
- If listing price is equal or higher than the price you order to sell in pre-open; your shares are sold at the listing price.
Is it good to sell IPO on listing day?
Many past IPOs have shown a 70\%-80\% of returns in pre-market sessions, hence several analysts recommend placing orders in the pre-market session period itself. In fact selling IPO shares on a listing day is one of the best ways to earn money in share market.
Do all IPOs give listing gains?
Oversubscription to an IPO may be seen as a reflection of positive demand for the company’s shares. However, an oversubscribed IPO does not necessarily mean confirmed listing gains on the stocks. The reasons behind investing in an IPO may vary from investor to investor.
Shares have already been allotted to the bidders, with most investors under the retail and SBI shareholder categories getting just one lot each, that is 19 shares, at an issue price of Rs 755. Analysts said when the SBI Card IPO was announced, the grey market premium for the stock stood at Rs 350 piece.
Why did SBI Cards shares start trading at Rs 658?
SBI Cards shares began trading at Rs 658 per share, against the IPO issue price of Rs 755. The expectations seemed too heavy for SBI Cards to carry on its shoulders amid the global equity market sell off.
Will SBI Card’s Mega IPO offer zero listing gains?
In the grey market, the unofficial platform for trading unlisted shares, SBI Card traded at a Rs 20-25 discount to the issue price, which was fixed at the upper end of the IPO price band at Rs 755. NEW DELHI: Strong volatility in the secondary market on Friday raised concerns that the mega IPO of SBI Card could end up offering zero listing gains.
How to check the status of SBI Cards and payment services IPO?
If you applied for IPO of SBI Cards and Payment Services, then you must be eagerly waiting to know whether you have received shares or not. You can check your allotment status on this link or you can go to the website of registrar – Link Intime India and under the section of Investor Services, click on sub-section Public Issues – Equities.