Can I sell my shares after pledging at FYERS?
Yes, you can sell your pledged shares at FYERS, effective from 1st December 2024. Even though pledge and unpledge requests are processed only at the end of the day (EOD), you can sell pledged holdings in the interim.
When you sell pledged shares, the corresponding margin released from them will be adjusted back from your trading account. This ensures smooth settlement while giving you flexibility in managing your holdings.
How share sales are prioritised
When you place a sell order, we follow this order of priority to determine which shares are sold first:
- Free quantity (unpledged shares available for trading)
- Newly pledged quantity (pledge request raised on the same day)
- Pledged quantity (already collateralised shares)
- T1 holdings (shares bought but not yet settled)
This sequence ensures free and T1 quantities are used up first before pledged shares are liquidated.
Example scenarios
- Selling after unpledge request: If you submit an unpledge request but also sell the same quantity of shares, the sale will still go through. The system processes both the sale and the unpledge together at EOD.
- Partial unpledging: If you unpledge part of your holdings and also sell some of them, both actions will be reconciled at EOD.
- Pending pledge request: You can sell shares even if you’ve just submitted a pledge request for them. The pledge request will be automatically cancelled for the sold quantity.
For more details on how to unpledge, refer to this step-by-step unpledging guide.
Points to remember
- Selling pledged shares releases the corresponding collateral margin.
- Pledge and unpledge requests are processed at EOD and not in real time.
- Free and T1 holdings are sold first before pledged quantities are considered.
- You can manage pledged holdings efficiently without waiting for unpledge completion.
What if?
| Scenario | What you can do |
|---|
| I submitted an unpledge request but sold the shares too | No action needed. Both requests are processed at EOD — the system adjusts automatically. |
| I placed a pledge request but sold the shares before EOD | The pledge request will be automatically cancelled for the sold quantity. |
| I want to sell pledged shares without waiting for unpledge | You can sell them directly — no need to wait. The system handles margin reversal and settlement at EOD. |
| I sold both free and pledged shares. Which gets sold first? | Free shares are always sold first, followed by pledged and T1 holdings as per our priority order. |
Last updated: 12 Sep 2025
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