NCDEX Unlisted Shares Surge 14.5% on Backing from Big Investors

Team Unlistify

Team Unlistify

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

TopicSummary
Price MovementUnlisted shares up ~14.5% to ₹475
Funds Raised₹770 crore from marquee investors and institutions
Key InvestorsRadhakishan Damani, Ramesh Damani, Madhu Kela, Sunil Singhania, Groww, Zerodha
Strategic PlanEquity trading launch by 2026; focus on cash equities first
Unlisted Market TrendShares surged ~25% in a month, from ₹197.34 issue price to ₹415–₹475

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