Yes, delivery trades are allowed in Minor Account. Minor can apply for IPOs online and sell allotted IPO shares.
There are two ways to sell shares received in IPO allotment through minor account:
- Sell IPO shares directly through the minor’s trading account by placing a sell order. You can place market order (sell shares at a market price) or limit order (sell order at a specified price).
- Transfer shares to the Guardian’s trading account and then sell IPO shares.
