Lot size changes in F&O effective from 29th April

5paisa Research Team

Last Updated: 11th December 2022 - 12:54 pm

The Securities & Exchange Board of India (SEBI) from time to time, modifies the lot sizes of various F&O contracts. Currently, trading in F&O is permitted in 4 indices and 199 stocks where the exchange offers the facility to trade in futures and in options. As per the latest circular issued on 31st March 2022, there are going to be a number of changes in the lot sizes applicable to futures and options contracts. Changes pertain to stock F&O contracts.

Methodology of lot size revisions in F&O

Here is the market lots for various stock derivative contracts have been modified.

Shift in Lot Sizes	Total number of companies	Effective date
Lot size revised downward	12	29th April (for May-22 and later expiries)
Lot size revised upward	52	29th April (for Jul-22 and later expiries)
Lot size revised down but not exact multiples	2	29th April (for Jul-22 and later expiries)
No change in lot size	133	Not applicable
Total Stocks in F&O	199 companies

_{Data Source: NSE}

Here are some important points to be noted about this revision.

1. The circular shall be effective from 29th April 2022, which will be the first day of the May 2022 contract i.e. the day after April contract expiry.

2. In the case of lot sizes being revised downward in multiples of the old lot size, the revisions in lot size will be effective from the May-22 contract itself.

3. However, in the case where the lot sizes are being revised upwards, or where they are revised downward (but not in exact multiples), only the far month contracts i.e. Jul-22 contracts will be modified in terms of lot size. In both these cases, the May-22 and the Jun-22 contracts will continue to have the old lot sizes only.

4. For the purpose of the computation, the average of the closing price of the underlying has been considered for the one-month period i.e. 01st Mar 2022 to 31st Mar 2022.

Actual lot size revisions category-wise

Here is a list of stocks that will see lot size revisions classified category wise. Here is the list of 12 stocks where lot sizes have been revised downward as an exact multiple.

No	Underlying	Symbol	Present Market Lot	Revised Market Lot
1	BANK OF BARODA	BANKBARODA	11700	5850
2	BATA INDIA LIMITED	BATAINDIA	550	275
3	CANARA BANK	CANBK	5400	2700
4	JINDAL STEEL & POWER LIMITED	JINDALSTEL	2500	1250
5	UNITED SPIRITS LIMITED	MCDOWELL-N	1250	625
6	NATIONAL ALUMINIUM COMPANY LIMITED	NATIONALUM	8500	4250
7	NMDC LIMITED	NMDC	6700	3350
8	OIL & NATURAL GAS CORPORATION LIMITED	ONGC	7700	3850
9	PAGE INDUSTRIES LIMITED	PAGEIND	30	15
10	TATA MOTORS LIMITED	TATAMOTORS	2850	1425
11	TATA POWER COMPANY LIMITED	TATAPOWER	6750	3375
12	VEDANTA LIMITED	VEDL	3100	1550

The following is a list of 52 stocks wherein the lot sizes have been revised upwards and these could be either in multiples of the old lost size or otherwise.

No	Underlying	Symbol	Present Market Lot	Revised Market Lot
1	NESTLE INDIA LIMITED	NESTLEIND	25	40
2	ABBOTT INDIA LIMITED	ABBOTINDIA	25	40
3	COFORGE LIMITED	COFORGE	100	150
4	INDIAMART INTERMESH LIMITED	INDIAMART	75	150
5	DIVI'S LABORATORIES LIMITED	DIVISLAB	100	150
6	ORACLE FINANCIAL SERVICES SOFTWARE LIMITED	OFSS	125	200
7	ASIAN PAINTS LIMITED	ASIANPAINT	150	200
8	JUBILANT FOODWORKS LIMITED	JUBLFOOD	125	250
9	DR. LAL PATH LABS LTD.	LALPATHLAB	125	250
10	JK CEMENT LIMITED	JKCEMENT	175	250
11	HDFC ASSET MANAGEMENT COMPANY LIMITED	HDFCAMC	200	300
12	BALKRISHNA INDUSTRIES LIMITED	BALKRISIND	200	300
13	METROPOLIS HEALTHCARE LIMITED	METROPOLIS	200	300
14	INTERGLOBE AVIATION LIMITED	INDIGO	250	300
15	WHIRLPOOL OF INDIA LIMITED	WHIRLPOOL	250	350
16	DALMIA BHARAT LIMITED	DALBHARAT	250	500
17	UNITED BREWERIES LIMITED	UBL	350	400
18	MULTI COMMODITY EXCHANGE OF INDIA LIMITED	MCX	350	400
19	TATA COMMUNICATIONS LIMITED	TATACOMM	400	500
20	SHRIRAM TRANSPORT FINANCE COMPANY LIMITED	SRTRANSFIN	400	600
21	IPCA LABORATORIES LIMITED	IPCALAB	450	650
22	SBI CARDS AND PAYMENT SERVICES LIMITED	SBICARD	500	800
23	COROMANDEL INTERNATIONAL LIMITED	COROMANDEL	625	700
24	MAHANAGAR GAS LIMITED	MGL	600	800
25	TATA CONSUMER PRODUCTS LIMITED	TATACONSUM	675	900
26	GODREJ CONSUMER PRODUCTS LIMITED	GODREJCP	500	1000
27	BHARAT FORGE LIMITED	BHARATFORG	750	1000
28	AUROBINDO PHARMA LIMITED	AUROPHARMA	750	1000
29	CONTAINER CORPORATION OF INDIA LIMITED	CONCOR	800	1000
30	WIPRO LIMITED	WIPRO	800	1000
31	SYNGENE INTERNATIONAL LIMITED	SYNGENE	850	1000
32	MARICO LIMITED	MARICO	1000	1200
33	ICICI PRUDENTIAL LIFE INSURANCE	ICICIPRULI	750	1500
34	CROMPTON GREAVES CONSUMER	CROMPTON	1100	1500
35	ZYDUS LIFESCIENCES LIMITED	ZYDUSLIFE	1100	1800
36	STRIDES PHARMA SCIENCE LIMITED	STAR	900	1800
37	GRANULES INDIA LIMITED	GRANULES	1550	2000
38	AMBUJA CEMENTS LIMITED	AMBUJACEM	1500	1800
39	GUJARAT STATE PETRONET LIMITED	GSPL	1700	2500
40	RAIN INDUSTRIES LIMITED	RAIN	2500	3500
41	APOLLO TYRES LIMITED	APOLLOTYRE	2500	3500
42	INDIABULLS HOUSING FINANCE LIMITED	IBULHSGFIN	3100	4000
43	MOTHERSON SUMI SYSTEMS LIMITED	MOTHERSUMI	3500	4500
44	RBL BANK LIMITED	RBLBANK	2900	5000
45	FIRSTSOURCE SOLUTIONS LIMITED	FSL	2600	5200
46	CITY UNION BANK LIMITED	CUB	3400	5000
47	MANAPPURAM FINANCE LIMITED	MANAPPURAM	3000	6000
48	ASHOK LEYLAND LIMITED	ASHOKLEY	4500	5000
49	ADITYA BIRLA CAPITAL LIMITED	ABCAPITAL	4400	5400
50	STEEL AUTHORITY OF INDIA LIMITED	SAIL	4750	6000
51	IDFC FIRST BANK LIMITED	IDFCFIRSTB	11100	15000
52	NBCC (INDIA) LIMITED	NBCC	12000	15000

The following is a list of 2 stocks wherein the lot sizes have been revised downward but not in multiple of the old lot size.

Sr No	Underlying	Symbol	Present Market Lot	Revised Market Lot
1	LARSEN & TOUBRO LIMITED	LT	575	300
2	POWER GRID CORPORATION OF INDIA LIMITED	POWERGRID	5333	2700

Apart from the above 3 lists, there are a total of 133 stocks where the lot sizes have not been altered. For the detailed list of the circular and the list of companies, you can download the NSE circular (Download Ref No: NSE/FAOP/51841) from NSE website.

Also Read:-

1. 5 Mantras for Trading in Options

2. 5 Mantras for Trading in Futures

3. 8 Stocks to Enter in F&O List

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