Sir can we sale ipo stock which are not in our holding in pre ipo trading??
As I have planning to sale stock from one demat account , as I have got allotment in multiple demat account and it is not possible for me to sale all multiple demat account stock at one rate at exact 9.45 am .I can put sale order at upper price band but broker like groww don't allow to do so as they don't have facility of pre ipo trading.
If it seems that listing going to happen over 30% gain then I have short sale all my shares from one demat account then I will sales individual demat account holding at the same time buy exact quantity in my short sales position .
For example I have 340 share of Jupiter in 17 demat account . I listing going to happen on 1050 then i will satisfied by listing and want to sale all my position at this rate . But because after listing at this much high expectations . There is chance that stock will fall like ideaforge and aeroflex .
So I will sale 340 share from one demat account and then open individual demat account and start selling .
Like stock price comes to 1000 . Then I will sale 20 share at 1000 and correspondingly buy 20 shares at 1000 price in my short sale demat account (the account where I have already short 340 shares ) .
So loss in one account balanced by profit in another account .
And this will repeat till my individual stock get finished .
I know this is time consuming query .
But
@newgen consultancyAnd other expert Sir can help me