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.

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.

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

I hope you find useful information about “NCDEX IPO“.

If you have any queries regarding this post “NCDEX IPO Review” feel free to comment below. Thanks and have a nice day.


What is NCDEX IPO?

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.

When NCDEX IPO will open?

NCDEX IPO launch is likely in May 2020.

How to apply for NCDEX IPO?

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.

When NCDEX IPO allotment?

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 [?].

When is the NCDEX IPO listing date?

The NCDEX IPO listing date is not yet announced. The tentative date of the NCDEX IPO listing is coming soon.

What is the size of the NCDEX IPO?

NCDEX IPO size will be approx Rs 500 cr.

Can I invest in NCDEX IPO via UPI?

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.

What is NCDEX’s IPO expected date?

NCDEX’s IPO expected date is May 2020. This is Tentative dates, which can be changed in the future.