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No, you cannot sell a single SME IPO share on the listing date. It doesn’t matter whether you are a retail or non-retail investor; you can buy and sell SME IPO shares in the lots only. One can purchase and sell 1 lot or in multiples of it.
For instance, if a SME company issues IPO in the lot size of 2,000 shares. It means you have to buy atleast 1 lot of 2,000 shares. The lot size is the minimum quantity of shares available for trading hence, you cannot purchase any number of shares less than 2,000 shares. All the buy and sell orders are placed for the lots only.
SEBI has prescribed rules on how to decide SME IPO Lot size at different issue price, >>>> click here.
Zerodha Trade@20
