Do pre-IPO gains get long-term tax status?

I live in Australia and I own shares in a Indian company which got recently listed. I invested about 1.5 years back when it was not listed. When I sell the shares now, will it be considered as shortor long-term gains?

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Capital gains are triggered by the ‘transfer of a capital asset’. In other words, it is the capital asset transferred that results in such gains.

Since the shares held by you are listed at the time of sale, the relevant holding period will be that which is applicable to listed shares, rather than that applicable to unlisted shares from the date of purchase of the shares.

For listed shares, a holding period of more than 12 months qualifies the transaction to be long-term in nature and thus, capital gains arising from transfer of your shares would be long-term capital gains.