13 March 2019

QNS: How to Sell 496 ST Engineering shares?

QNS: I have 496 shares for ST Engineering and is trying to sell all shares. I tried the online portal but the system is saying that "Reject reason: The quantity is not in multiples of board lot size. Please re-enter your order."

ANS: The board size is in multiples of 100 shares. Thus for 496 shares, you will have to sell 400 shares at the main board, and 96 shares in the odd lot market. The trade execution sequence (main market first or not) does not matter.

Also, the prices in the main and odd lot market might differ a little due to liquidity.

Be sure to sell the correct quantity of shares. Hope that helps.