NII category in SME IPO minimum two lot is applicable for application. as per allotment process is this two lots is alloted or one lot be alloted for this.
6.1.Team InvestorgainMar 14 2024 12:22:56 PM
Allotment in the NII category is done on a pro-rata basis or a lottery basis depending upon the subscription. Visit below link to know HNI IPO Allotment rules; https://www.investorgain.com/article/ipo-allotment-process-to-retail-hnis-and-qibs-a-complete-guide/196/
what are the rules of holding and selling SME after allotment and listing
5.1.Team InvestorgainMar 13 2024 12:36:25 PM
Hello Sir, After allotment, You can sell SME IPO shares anytime on or after the shares got listed on SME exchange. It is your choice whether to hold your investment or sell them. Even after listing, SME IPO Shares are traded in lots only. So, all purchase and sell transactions will be in lots only say 1 lot (2000 shares), 2 lot (4000 shares), and so on. You cannot purchase and sell 1 SME share after listing.
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as per allotment process is this two lots is alloted or one lot be alloted for this.