Countrywide Commodity & Derivatives Exchange Ltd (NCDEX), the country’s biggest agri derivatives exchange, has filed a draft crimson herring prospectus with SEBI for an preliminary community offering (IPO).
Besides a clean situation of equity shares of ₹100 crore, the proposed IPO will also help critical traders get an exit/partial exit as a result of an give of sale of 1.forty five crore shares of the exchange.
The selling shareholders include things like Establish India Funds Advisors LLP, Canara Financial institution, Investcorp Private Equity Fund I (formerly IDFC Private Equity Fund III), Punjab Countrywide Financial institution, Indian Farmers Fertiliser Cooperative Ltd and NABARD.
NCDEX has preserved its management placement since 2005 in the agricultural commodity derivatives sector in phrases of typical each day turnover by worth (ADTV), said the IPO prospectus.
In FY19, it had a sector share of 81.five for each cent in the agricultural commodity section, centered on an typical each day turnover ( by worth).