The stock exchanges can review the lot size once in every six months by giving an advance notice of at least one month to the market. Taking forward the framework for setting up of SME (small and medium enterprises) exchange platforms, market regulator Sebi today prescribed 'lot sizes' for shares being offered in IPO on these exchange, as per the price band of the public offers. At the IPO stage the registrar to issue in consultation with merchant banker/s, issuer and the stock exchange shall ensure to finalize the basis of allotment in minimum lots and in multiples of minimum lot size, as per the SEBI defined price band and lot size. The secondary market trading lot size shall be the same, as shall be the IPO lot size at the application/allotment stage, facilitating secondary market trading.
Source: Money Life
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