National Commodity & Derivatives Exchange Limited (NCDEX) (NCDEX/the Exchange) is Country’s top agricultural commodity exchange. Since 2005, the Exchange has been the industry pioneer in respect of ADTV in the agricultural commodity derivatives market. NCDEX IPO will hit the market in 2021.
It has industry shares of 78.0 percent, 81.5 percent, 79.9 percent, and 78.1 percent in the agricultural commodity segments, overall, for the six months ended September 30, 2019, Fiscal 2019, Fiscal 2018, and Fiscal 2017, relying on average daily turnover (by value).
Table of Contents
Commodities
The Exchange is a professionally run business that is technologically oriented. The Exchange allows a diverse range of commodities, totaling 23 (the largest in the region).
It is including commodities like pulses, spices, and guar, which are not exchanged on any other platforms in the world and are economically essential to India, forming an essential element of India’s global trade.
Journey
The firm was founded as a public limited company on April 23, 2003, with a certificate of incorporation and a certificate for commencement of business dated May 9, 2003, both issued by the Registrar of Companies in Maharashtra at Mumbai.
According to a certificate of registration dated August 23, 2004, the Exchange was licensed as a recognized organization with the Forward Markets Commission through The Forward Contracts (Regulation) Act, 1952.
Following approval no. 1/9/SM/2015 published August 28, 2015, the Exchange established a deemed licensed stock exchange within the Securities Contracts (Regulation) Act, 1956, in terms of Section 131(B) of the Finance Act, 2015.
Regulatory
The Securities and Exchange Board of India regulates NCDEX (SEBI). The Securities Contracts (Regulation) Act, 1956, the Firms Act the Securities Contracts (Regulation) (Stock Exchanges & Clearing Corporations) Regulations, the SEBI (Listing Obligations and Disclosure Requirements) Regulations, the Stamp Act, the Contract Act, as well as several rules all apply to NCDEX.
Financials Trends
| Particulars | For the year/period ended ( in Cr.) | ||||
|---|---|---|---|---|---|
| 30-Sep-19 | 31-Mar-19 | 31-Mar-18 | 31-Mar-17 | ||
| Total Assets | 1,219.82 | 845.81 | 850.93 | 986.28 | |
| Total Revenue | 92.60 | 194.75 | 162.19 | 166.33 | |
| Profit After Tax | 7.34 | 15.62 | (10.88) | 21.57 | |
Issue
It has filed its draft red herring prospectus with the SEBI, which may raise Rs 500 crore through an IPO. The issue includes a fresh issue of Rs 100 crore of equity shares. It also include OFS of 1.4 Crore equity share for sale.
Objects of the Issue
- To meet common corporate objectives.
IPO Details
| IPO Opening Date | 2021 |
| IPO Closing Date | 2021 |
| Issue Type | Book Builting |
| Face Value | 10 per share |
| IPO Price | 0 to 0 per equity share |
| Market Lot | 0 |
| Min Order Quantity | 0 |
| Listing At | BSE, NSE |
| Issue Size | 500 Cr |
| Fresh Issue | 100 cr. |
| Offer for Sale | 1.4 cr. equity share |
IPO Tentative Date
The NCDEX IPO open date is 2021, and the close date is 2021. The issue may list in 2021.
| IPO Open Date | 2021 |
| IPO Close Date | 2021 |
| Basis of Allotment Date | 2021 |
| Initiation of Refunds | 2021 |
| Credit of Shares to Demat Account | 2021 |
| IPO Listing Date | 2021 |
Basis of Allotment
| Type | % of Offer | Basis of Allotment |
|---|---|---|
| Qualified Institutional Buyer | 75 |
Roughly
equivalent
|
| Non Institutional Investor | 15 |
Roughly
equivalent
|
| Retail | 10 | Minimal level of 1 lot, based on availability, for every shareholder. |
NCDEX IPO GMP
NCDEX IPO Grey Market Premium is INR 0.
Promoters
Their is no promoter in National commodity and derivatives exchange. They are managed professionally. However, National Stock Exchange hold voting right with 15% shareholding.
Sharing Holders
- NSE(National Stock Exchange)
- NABARD
- LIC
- IFFCO
- OIJIF
- Punjab National Bank
- Canara Bank
- Investcorp Private Equity Fund I
- Shree Renuka Sugars Limited
- Build India Capital Advisors LLP
- CRISIL Limited
- Usha Devi Saraogi
- Pushpa Devi Saraogi*
- Jaypee Capital Services Limited
- Star Agriwarehousing and Collateral Management Limited
- S. Sundararaman
Share Holding
| Pre Issue Share Holding | 99.99% |
| Post Issue Share Holding |
NCDEX IPO Prospectus
NCDEX IPO is good or bad?
NCDEX IPO review will depend on the price band. Whenever it will be announced we will update you regarding the IPO is good or bad.
Contact Details
National Commodity and Derivatives Exchange Limited
1st Floor, Akruti Corporate Park, Near G. E. Garden,
L. B. S. Road, Kanjurmarg (West), Mumbai 400 078, Maharashtra
Tel: +91 22 6640 6789
E-mail: [email protected]
Website: https://ncdex.com/
Registrar
Link Intime India Private Ltd
Link Intime India Private Ltd
C 101, 247 Park, L.B.S.Marg,
Vikhroli (West), Mumbai – 400083
Phone: +91-22-4918 6270
Email: [email protected]
Website: http://www.linkintime.co.in
Lead Manager(s)
- SBI Capital Markets Limited
- ICICI Securities Limited
We hope we are able to answer all you questions about NCDEX IPO. If you don’t have Demat account open it now with Zerodha best trading app.
FAQ
NCDEX IPO Opening Date?
NCDEX IPO will open in 2021.
NCDEX IPO Allotment Date?
NCDEX IPO Allotment Date is 2021.
NCDEX IPO Listing Date?
NCDEX IPO Listing date is 2021
NCDEX IPO GMP Today?
NCDEX IPO Grey Market Premium is INR 0.
NCDEX IPO Price Band?
NCDEX IPO price Band is 0 to 0.
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