Unlisted shares of National Commodity & Derivatives Exchange (NCDEX) surged about 14.5%, climbing to ₹475 from the earlier level of ₹415. The rally came after NCDEX raised ₹770 crore from marquee investors, boosting confidence ahead of its planned entry into the equity trading segment by 2026.
Key Highlights:
Fundraising Details
NCDEX attracted major investors including Radhakishan Damani, Ramesh Damani, Madhusudhan Kela, Sunil Singhania, along with top platforms like Zerodha and Groww.Stake Breakdown
Groww acquired 2.82% for about ₹50 crore.
Zerodha picked up 0.96% for around ₹17 crore.
Radhakishan Damani invested nearly ₹20.26 crore for a 1.41% stake.
Ramesh Damani, Madhusudhan Kela, and Sunil Singhania each invested about ₹15 crore for stakes of ~0.85%.
Other Investors
Global names like Citadel Securities (₹17 crore) and Tower Research (₹34 crore), along with institutions such as Kotak Mahindra Life Insurance, JM Financial, and Acacia Partners, also participated.Regulatory Approval & Strategic Plans
NCDEX recently received SEBI’s in-principle approval to start equity and derivatives trading. It plans to begin with cash equities before expanding into derivatives to compete with established exchanges.Unlisted Market Trend
Though shares were allotted at ₹197.34 in the preferential issue, they have now climbed to ₹415–₹475 in the unlisted market, delivering gains of over 25% in a month.Strategic Edge
With its strong rural presence, established commodity trading platform, and robust technology, NCDEX is well-positioned to capture opportunities as it diversifies into equities.
Summary Table
| Topic | Summary |
|---|---|
| Price Movement | Unlisted shares up ~14.5% to ₹475 |
| Funds Raised | ₹770 crore from marquee investors and institutions |
| Key Investors | Radhakishan Damani, Ramesh Damani, Madhu Kela, Sunil Singhania, Groww, Zerodha |
| Strategic Plan | Equity trading launch by 2026; focus on cash equities first |
| Unlisted Market Trend | Shares surged ~25% in a month, from ₹197.34 issue price to ₹415–₹475 |
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