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@ColdBurger

As on the record date, the closing market value of TCS in your account should be Rs 2 lakhs or lower. You can safely buy 45/46 shares for the same.

A better tactic would be to buy a larger number of shares ... and sell the excess amount 1 day prior to the record date. There is always a spike in the share price a few days leading upto the record date. You can make a few percent extra returns on the surplus stocks.

Also, it makes more sense to buy 45 shares in each of the available family members accounts so you can participate in the BB from them all.

@MK: As you informed: "sell the excess amount 1 day prior to the record date"

it should be 2 days prior to record date not 1 day.

@lokes

The stocks are debited from the Demat on T+1 day as per the rules.... But now, many brokerages have shifted to the stocks being debited on T day... HDFC sec does so... The stocks debit on the same evening of the trade.... Still 2 days earlier is better... As the person buying it for the record date will treat that as the final day to buy.... Understood your point 👍