NCDEX IPO:- National Commodity & Derivatives Exchange Limited (NCDEX) IPO Analysis, IPO Review, Dates, Price Bands, Market Lot, NCDEX IPO Grey Market Price Details
National Commodity and Derivatives Exchange Limited (NCDEX) has filed its offer document with markets regulator Sebi for an initial public offering (IPO) to raise about Rs 500 crore.
The IPO comprises a fresh issue aggregating up to Rs 100 crore and an offer for sale of up to 1,44,53,774 equities by shareholders, according to the draft red herring prospectus (DRHP).
The issue is expected to raise about Rs 500 crore, including fresh offering, merchant banking sources said. After BSE and MCX, this would be the third listing by an exchange.
NCDEX will be the third listing by a universal bourse in India after Multi Commodity Exchange (MCX) and BSE.
“SBI Capital and ICICI Securities are the merchant bankers working on the IPO. The launch is likely in May 2020,” another source added.
NCDEX IPO Details:
| Issuer | National Commodity & Derivatives Exchange Limited (NCDEX) | |
| Issue Type | 100% Book Built Issue IPO | |
| Issue Period | Issue Opens: MAY – 2020 | |
| Issue Closes: MAY – 2020 | ||
| Price Brand | Rs. 250 – 300per Equity Share (Expected) | |
| Issue Size | Rs.500* Crores | |
| Face Value | Rs.10 per Equity Share | |
| Bit Lot | X Equity Shares and in multiples thereof | |
| Maximum Bid amount for Retail | Rs. 2 Lakhs | |
| QIB | 50% of the issue size | |
| NIB | 15% of the issue size | |
| Retail Individual Bidders | 35% of the issue size | |
| Employee Reservation | X Equity Shares (Rs. – Crs) | |
| Employee Discount | Rs.- per Equity Share | |
| Listing | NSE & BSE | |
| Lead Managers | ICICI Securities and SBI Capital Markets | |
| LIC IPO Review | ||
| Grey Market Price | NCDEX IPO Grey Market Premium | |
| Upcoming IPO 2020 | Upcoming NCD 2020 |
Overview of NCDEX
National Commodity & Derivatives Exchange Limited (NCDEX) is a professionally managed online multi commodity exchange. The shareholders of NCDEX comprises of large national level institutions, large public sector bank, and companies.
Current Shareholders: Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Limited (NSE), Canara Bank, Punjab National Bank (PNB), CRISIL Limited, Indian Farmers Fertiliser Cooperative Limited (IFFCO), Shree Renuka Sugars Limited, Jaypee Capital Services Limited, Build India Capital Advisors LLP, Oman India Joint Investment Fund, IDFC Private Equity Fund III, Star Agriwarehousing and Collateral Management Limited and shareholding by individuals.
NSE holds a 15 percent stake in the leading agricultural commodity exchange, while LIC and NABARD have 11.10 % each, IFFCO 10 %, OIJIF 10 %, and Punjab National Bank 7.29 % among others, according to the DRHP.
NCDEX offers a bouquet of benefits, which are currently in short supply in the commodity markets. The shareholders of NCDEX are prominent players in their respective fields and bring with them institutional building experience, trust, nationwide reach, technology, and risk management skills.
NCDEX is a public limited company incorporated on April 23, 2003, under the Companies Act, 1956. It obtained its Certificate for Commencement of Business on May 9, 2003. It commenced its operations on December 15, 2003. Corporate Identity No. is U51909MH2003PLC140116.
NCDEX is a nation-level, technology-driven de-mutualized on-line commodity exchange with an independent Board of Directors and professional management – both not having any vested interest in commodity markets.
It is committed to providing a world-class commodity exchange platform for market participants to trade in a wide spectrum of commodity derivatives driven by best global practices, professionalism, and transparency.
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Financials of NCDEX
According to the 2017-18 annual report of NCDEX, the highest turnover achieved in a day, during the financial year 2017-18 was Rs 4,956 crore. Guar seed contributed to 22 percent of the total annual turnover for the exchange.
NCDEX’s consolidated financial performance (in INR crore)
| FY2017 | FY2018 | FY2019 | H1 FY2020 | |
| Revenue | 166.3 | 162.2 | 194.7 | 92.6 |
| Expenses | 157.6 | 169.8 | 180.7 | 88.9 |
| Net income | 21.3 | -10.7 | 16.0 | 8.4 |
| Net margin (%) | 12.8 | -6.6 | 8.2 | 9.1 |
IPO is likely to mobilize INR500 crore which indicates that pricing is likely to be in the range of INR250 – 300 per share.
NCDEX IPO Dates & Price Band:
| IPO Open: | May 2020 |
| IPO Close: | May 2020 |
| IPO Size: | Approx ₹500 Crore |
| Face Value: | ₹10 Per Equity Share |
| Price Band: | ₹250 to ₹300 Per Share |
| Listing on: | BSE & NSE |
| Retail Portion: | 35 % |
| Equity: | 1,44,53,774 Shares |
NCDEX IPO Market Lot:
| Lot Size: | Minimum – Shares & Maximum – Shares |
| Minimum Amount: | ₹ |
| Maximum Amount: | ₹ |
NCDEX IPO Allotment & Listing:
| Basis of Allotment: | 2020 |
| Refunds: | 2020 |
| Credit to Demat Account: | 2020 |
| Listing Date: | 2020 |
NCDEX IPO Grey Market Premium
NCDEX IPO Grey market premium as of today is ₹3000, Kostak ₹3000 & Subject to Sauda is ₹5000.
IPO grey market movements may change very quickly and rates may be volatile. It is risky to base an investment decision on gray market IPO rates.
NCDEX IPO Review & Ratings
| NCDEX IPO Ratings & Review | |
| Criteria | Ratings |
| Industry Sentiments | 8.5/10 |
| Industry Ranking | 9.5/10 |
| Company Background | 9/10 |
| Company Reputation | 9/10 |
| Competitive Edge | 8.2/10 |
| Financial Statements | 7.8/10 |
| Popularity Index | 9/10 |
| Promoters Reputation | 10/10 |
| Retail Appetite | 8.8/10 |
| Top Brokers Review | 9/10 |
| Overall Ratings | 9.5/10 |
| Star Ratings | ★★★★ |
How to Apply for NCDEX IPO?
If you have a Demat account, most banks offer the online IPO application facility called “ASBA”. You can also contact the broker to apply for in NCDEX IPO?
Most banks including the SBI bank, ICICI Bank, Axis, and Kotak bank allow the customer to apply in IPO using the Demat account.
- How to Apply NCDEX IPO Online through ASBA?
- How to Apply NCDEX IPO through Zerodha KITE?
- How to Apply NCDEX IPO through SBI Net Banking?
- How to Apply NCDEX IPO through HDFC Netbanking?
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Company Address
| Registered Office :- |
|---|
| National Commodity & Derivatives Exchange Limited Akruti Corporate Park,1st Floor, Near G.E.Garden , L.B.S. Marg, Kanjurmarg (West), Mumbai – 400 078Tel : (+91-22) – 66406789 Fax : (+91-22) – 66406899 Toll Free Number: 1800 26 62339 E-mail: askus@ncdex.com |
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NCDEX IPO FAQs:
National Commodity and Derivatives Exchange Limited (NCDEX) has filed its offer document with markets regulator Sebi for an initial public offering to raise about Rs 500 crore.
NCDEX IPO launch is likely in May 2020.
NCDEX IPO application can be done through banks using ASBA online or through stock brokers trading account using UPI. All popular banks i.e. HDFC, ICICI, and SBI offer online IPO applications.
An investor can also apply directly through their broker (i.e. Zerodha, Sharekhan) using UPI as a payment method.
The finalization of the Basis of Allotment for NCDEX shares will be done on [?], and the allotted shares will be credited to your Demat account by [?].
The NCDEX IPO listing date is not yet announced. The tentative date of the NCDEX IPO listing is coming soon.
NCDEX IPO size will be approx Rs 500 cr.
Yes, you can invest in NCDEX IPO via UPI. If applying online you can use UPI as well as ASBA any one process, if applying in physical form UPI is mandatory.
NCDEX’s IPO expected date is May 2020. This is Tentative dates, which can be changed in the future.