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Latest: The Rs 500-crore IPO of National Commodity and Derivatives Exchange (NCDEX) is likely to open in the next few weeks and the plan is to get the exchange listed before the end of this fiscal.
The agri-trading bourse has received final observations from SEBI on its IPO prospectus.NCDEX will become the second commodity bourse exchange in India to be listed
NCDEX IPO GMP Today #
NATIONAL COMMODITY & DERIVATIVES EXCHANGE LTD Company Details
National Commodity & Derivatives Exchange Limited (“Exchange”) is a leading agricultural commodity exchange in India, with a market share of 78.0%, 81.5%, 79.9% and 78.1% in the agricultural commodity segments, based on average daily turnover (by value) (“ADTV”) for the six month period ended September 30, 2019, Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively The Exchange has maintained its leadership position since 2005, in the agricultural commodity derivatives market, in terms of ADTV .Further, the Exchange is a professionally managed company, which is driven by technology
NCDEX has created a modern agricultural commodities trading ecosystem with various offerings across four business verticals, being the following:
a) futures and options trading in agricultural commodities through the Exchange;
b) clearing and settlement of trades through National Commodity Clearing Limited (“NCCL”), a registered clearing corporation;
c) an online commodities spot market, through NCDEX e-Markets Limited (“NeML”); and
d) issuance of electronic negotiable warehouse receipts for commodities, and provision of related services, through National E-Repository Limited (“NERL”), a WDRA registered repository.
Further, it also engages in research, training and building awareness in the agricultural commodities market through NCDEX Institute of Commodity Markets and Research (“NICR”).
The strengths of the company:
* NCDEX is the leading agricultural commodity derivatives exchange in India by market share;
* It has domain expertise in post-harvest agricultural commodity value and supply chain;
* It has strong connections with market participants and service providers across all levels of the postharvest agricultural commodities value and supply chain;
* NCDEX has established relevant benchmarks for price discovery;
* It has a robust risk management framework; and
* The future readiness of its systems, which are capable of handling growth in trading volumes,
supplemented by in-house capability to develop supporting technologies.
For more study : www.ncdex.com
The promoters of NATIONAL COMMODITY & DERIVATIVES EXCHANGE LTD
The Exchange is professionally managed and does not have an identifiable promoter in terms of The SEBI ICDR regulations.
NATIONAL COMMODITY & DERIVATIVES EXCHANGE LTD IPO Main Objects
The Offer comprises of a Fresh Issue and an Offer for Sale.
The Exchange proposes to utilise the Net Proceeds towards funding the following main object:
Contribution to the Core SGF and towards net worth requirements of NCCL
NCDEX IPO Details
NCDEX IPO Opens on : ? 2021
NCDEX IPO Closes on : ? 2021
Issue Type: Book Built Issue IPO
Issue : Up to [?] Equity Shares, aggregating up to Rs [?] million
(i)Fresh Issue Up to [?] Equity Shares, aggregating up to Rs 100 Crore
(ii) Offer for Sale Up to 14,453,774 Equity Shares aggregating up to Rs [?]
Face Value per share : Rs. 10
NCDEX IPO Price Band Per Equity Share: Rs. ??
NCDEX IPO Lot Size ? Shares
NCDEX IPO Listing at BSE,NSE
Shares offered to
Anchors ? Shares = INR ? Crs
QIB ? Shares = INR ?Crs
NII ? Shares = INR ?Crs
RII ? Shares = INR ?Crs (Lot size: ? = ? Forms)
NCDEX IPO Tentative timeTable
Price Band announced on
Anchor Subscription on
NCDEX IPO Opens on
NCDEX IPO Closes on
NCDEX IPO Allotment on
Unblocking of ASBA ? 2021 :
Credit to Demat Accounts 28 Dec 2020 :
NCDEX IPO Listing on ?
NCDEX IPO Financial Details :
Earnings per Share 2017-18 Rs (2.09)
Earnings per Share 2018-19 Rs 3.22
Earnings per Share 2019-20 Rs ?
Earnings per Share 2020-21,6M Rs ?
Book Value of the Share as on 30.09.2019 Rs 93.28
Return on Net Worth: 17-18 (2.49) %
Return on Net Worth: 18-19 3.42 %
Return on Net Worth: 19-20 ? %
Return on Net Worth: 20-21,6M : ? %
Upper Price Band/last EPS:
Upper offer price/Book Value Ratio:
Equity Shares outstanding prior to the Offer 50,676,000 Equity Shares
Equity Shares outstanding after the Offer [?] Equity Shares
NCDEX IPO Peer Comparison:
MCX commands PE Multiple of 43.9
NCDEX IPO Lead Managers
ICICI Securities Limited
SBI Capital Markets Limited
NCDEX ltd , Registrar to the IPO
Link Intime India Private Limited
Registered Office of NCDEX Ltd
1 st Floor, Akruti Corporate Park,
Near G. E. Garden,
L. B. S. Road,
Mumbai 400 078,
Company Secretary and Compliance Officer
NCDEX IPO Grey Market Premium Trend
NCDEX IPO Subscription
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