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Is NCDEX IPO good?
NCDEX has recorded its offer document with business sector controller SEBI for an IPO to raise about Rs 500 crore. The Price band issue was fixed at Rs….The Price band issue was fixed at Rs. 250 – 300per Equity Share.
| Face Value | Rs.10 per Equity Share |
| Maximum Bid amount for Retail | Rs. 2 Lakhs |
| QIB | 50\% of the issue size |
What is NCDEX IPO?
NCDEX is a commodity exchange which has about 82\% share of the agri-commodities trading in India. The exchange is professionally managed and has LIC, NSE, NABARD, Canara Bank and Punjab National Bank amongst its shareholders.
Do IPO usually go up?
Yes, most IPOs go up and surge on their first opening day because on the opening day there is no one to sell the stocks immediately as compared to older IPOs so the company gives 3 days for the investors to invest and on the fourth day it releases it’s share price after investors invest.
Is Ncdex listed?
With effect from September 28, 2015, the Exchange became a deemed recognized stock exchange under the Securities Contracts (Regulation) Act, 1956 in terms of Section 131(B) of Finance Act, 2015 pursuant to notification no. 1/9/SM/2015 dated August 28, 2015.
How do I apply for Ncdex IPO?
Registrar
- Link Intime India Private Ltd.
- Phone: +91-22-4918 6270.
- Email: [email protected].
- Website: http://www.linkintime.co.in.
Is NCDEX available in Zerodha?
No, Zerodha doesn’t offer trading at the NCDEX exchange. Zerodha only provides commodities trading at the MCX exchange. You could choose full-service brokers like Angel Broking or Edelweiss for trading at NCDEX.
Which broker is best for NCDEX?
Top NCDEX Brokers
- Zerodha.
- Angel broking.
- Sharekhan.
- Edelweiss.
- Upstox.
What is the NCDEX IPO all about?
NCDEX IPO will involve new issuance of equity shares worth Rs 100 crore, while additionally giving existing speculators a window to exit through an OFS of 1.45 crore shares. NCDEX has recorded its offer document with business sector controller SEBI for an IPO to raise about Rs 500 crore.
What is ncncdex’s offer document?
NCDEX has recorded its offer document with business sector controller SEBI for an IPO to raise about Rs 500 crore. The Price band issue was fixed at Rs. 250 – 300per Equity Share. According to DRHP, the IPO includes an offer for sale up to 1.44 cr equities by shareholders and a new issue up to Rs. 100 cr.
Who is the CEO of NCDEX?
With Vijay Kumar as the CEO and MD of NCDEX, it is headquartered in Mumbai. Based on average daily turnover, the company is the leader in its segment. It is one of the largest commodity exchange based in India. After MCX (Multi Commodity Exchange) that allows trades in metal and energy, NCDEX is the second-largest trading platform in India.
What is ncncdex’s market share in agricultural commodities?
NCDEX has 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.