NCDEX IPO

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).

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

1. NSE(National Stock Exchange)
2. NABARD
3. LIC
4. IFFCO
5. OIJIF
6. Punjab National Bank
7. Canara Bank
8. Investcorp Private Equity Fund I
9. Shree Renuka Sugars Limited
10. Build India Capital Advisors LLP
11. CRISIL Limited
12. Usha Devi Saraogi
13. Pushpa Devi Saraogi*
14. Jaypee Capital Services Limited
15. Star Agriwarehousing and Collateral Management Limited
16. S. Sundararaman

Share Holding

Pre Issue Share Holding	99.99%
Post Issue Share Holding