Fusion Techstack Limited Unlisted Share Price
Fusion Techstack Limited unlisted share price is ₹4.45 per share (indicative, as of 17 Oct 2026). Minimum ticket ₹25,000 (lot of 5055 shares), the same for every company. Sector: Financials. Status: unlisted, no DRHP on record.
All unlisted share prices: dated indicative prices for every company the desk tracks.
Updated 17 Oct 2026, 22:10 IST. Dated dealer references.
BuyUnlistedShares tracks 230 unlisted companies with dated prices; Fusion Techstack Limited’s indicative price is ₹4.45 per share as of 17 Oct 2026, a lot of 5055 shares.
Key facts
- Indicative price
- ₹4.45 per share
- Price as of
- 17 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 5,055 shares
- Sector
- Financials
- Listing status
- Unlisted
- Settlement
- Demat to demat; terms agreed in writing for each deal
- Last updated
- 17 Oct 2026, 22:10 IST
Indicative and dated. BuyUnlistedShares deals as principal.
Buying at a glance
- Minimum ticket
- ₹25,000
- Price shown
- Indicative, dated 17 Oct 2026
- Delivery
- Shares are credited to your demat account
In plain words
- Lock-in if it lists
- Shares bought before an IPO are generally locked in for six months from the IPO allotment date under SEBI rules. The issue documents set the exact terms.
- Demat
- Yes. ISIN INE678L01012: the shares sit in your own demat account and move demat to demat through NSDL or CDSL.
- IPO status
- Unlisted. No DRHP on record.
Facts only, not a rating or a recommendation.
Compare it against the full unlisted share price list: every company the desk quotes, each with a dated indicative price.
Indicative move: +71.2% over 3 months.
Key figures
| Market cap | ₹139 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 5055 |
| P/E ratio | 222.5x |
| ROE | 2.29% |
| Book value | ₹1.32 |
| Face value | ₹5 |
| 52-week high | ₹6 |
| 52-week low | ₹3 |
| ISIN | INE678L01012 |
| Dividend yield | — |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 0.24 | 0.01 | 0.01 |
| PAT | -58.3 | 2.92 | 1.10 |
| EPS (₹) | -1.09 | 0.05 | 0.02 |
About the company
Fusion Techstack Limited, formerly known as Indian Commodity Exchange Limited (ICEX), is a Gujarat-based company incorporated in 2008 and headquartered in Surat. It began life as a national-level, SEBI-recognised online commodity derivatives exchange, becoming one of India's organised platforms for trading commodity futures.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registry
- ISIN: INE678L01012
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 17 Oct 2026
Company facts
| CIN | U67120GJ2008PLC099142 |
|---|---|
| Incorporated | 2008 |
| ISIN | INE678L01012 |
| Face value | ₹5 |
| Registered office | Office No. 1002, 21st Century Business Centre, Upper Ground Floor, Surat Ring Road, Surat, Gujarat-395007, India |
| Lot size | 5055 shares |
| Minimum units | 2025 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY21 | FY22 | FY23 | FY24 | FY25 | FY25 vs FY24 |
|---|---|---|---|---|---|---|
| Revenue | 1 | 1.2 | 0.24 | 0.01 | 0.01 | — |
| EBITDA | — | −19.1 | −49.46 | −5.7 | −4.4 | +22.8% |
| Profit after tax | −26 | −22 | −58.3 | 2.92 | 1.1 | −62.3% |
| EPS (₹) | −0.49 | −0.41 | −1.09 | 0.05 | 0.02 | — |
| Share capital | — | — | — | 266.75 | 266.75 | +0% |
| Reserves & surplus | — | — | — | −240.45 | −196.56 | +18.3% |
| Net worth | — | — | — | 26.3 | 70.19 | +166.9% |
| Fixed assets | — | — | — | 2.39 | 1.71 | −28.5% |
| Investments | — | — | — | 14.92 | 13.48 | −9.7% |
| Trade receivables | — | — | — | — | 0.42 | — |
| Cash from operations | — | — | — | −9.64 | −7.18 | +25.5% |
| Cash from investing | — | — | — | 10.24 | 7.9 | −22.9% |
| Cash from financing | — | — | — | −0.57 | −0.54 | — |
| Net cash generated | — | — | — | 0.04 | 0.19 | — |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹4.45 | dealer reference, 17 Oct 2026 |
| Market cap | ₹139 Cr | as recorded |
| P/E | 222.5x | price ÷ EPS ₹0.02 (FY25) |
| P/B | 3.37x | price ÷ book value ₹1.32 |
| EPS | ₹0.02 | per share, FY25 |
| Book value | ₹1.32 | per share, latest books |
| RoE | 2.29% | return on equity, latest FY |
| Debt / equity | 0 | latest balance sheet |
| Dividend yield | — | |
| Face value | ₹5 | per share |
| 52-week range | ₹3 – ₹6 | 244 dated quotes, last 12 months |
| Shares outstanding | — | not meaningful |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Others | Reliance Exchangenext Limited | 16.33% |
| Others | Central Warehousing Corporation | 11.05% |
| Others | Deputy Director (pmla), Directorate Of Enforcement | 9.04% |
| Others | MMTC Limited | 6% |
| Public | Others / Public | 57.58% |
Public 57.58% · Others 42.42%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Sushil Kumar Agarwal | Director | — |
| Tridib Swain | Chief Executive Officer | — |
| Ranjit Samantaray | Key Management Personnel | — |
| Vaishali Vishwas Kale | Company Secretary | — |
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Undated | Other | SEBI issued an Exit Order confirming the company’s exit as a commodity derivatives exchange. (10 Dec 2024) | — | Desk note |
| Undated | Other | Shareholders approved alteration of the Memorandum and Articles and the change of name from Indian Commodity Exchange Limited to Fusion Techstack Limited through postal-ballot special resolutions. (10 Jul 2025) | — | Desk note |
| Undated | Name Change | MCA approved the company’s name change to Fusion Techstack Limited. (9 Sep 2025) | — | Desk note |
Reports and filings
No filings uploaded yet.
Annual reports
- Fusion Techstack Limited annual report 2024-25 (PDF)
- Fusion Techstack Limited annual report 2023-24 (PDF)
Frequently asked questions
What does Fusion Techstack Limited (formerly ICEX) do?
Fusion Techstack Limited, formerly Indian Commodity Exchange Limited (ICEX), was originally a SEBI-recognised online commodity derivatives exchange incorporated in Gujarat in 2008. After its exchange recognition was cancelled in 2022, the company was renamed Fusion Techstack Limited in 2025 and has stated a pivot toward technology-enabled platforms, data management and digital solutions for capital markets and allied areas.
Is Fusion Techstack Limited listed on NSE or BSE, and how can its unlisted shares be bought?
No. Fusion Techstack Limited is not listed or trading on the NSE or BSE main board; its shares are currently traded in the unlisted (off-market) space. Unlisted shares are generally transacted privately through dealers or platforms that facilitate buyers and sellers, with shares credited to your demat account after settlement.
What determines the indicative price of Fusion Techstack (ICEX) unlisted shares?
The indicative price reflects buy and sell interest in the private secondary market and can move with supply and demand, the company's financial position and net worth, developments around its name change and new business direction, available disclosures, and overall sentiment toward unlisted securities. Because there is no exchange order book, quotes vary across sources and are indicative only.
What are the key fundamentals of Fusion Techstack Limited?
Reported reference details include incorporation in 2008, registered office in Surat, Gujarat, a face value of ₹5 per share, ISIN INE678L01012 and CIN U67120GJ2008PLC099142. The company has a large equity base of roughly 533 million shares outstanding, translating to an indicative market capitalisation in the ₹139–143 crore range based on prevailing unlisted quotes. Figures are drawn from secondary sources and should be independently verified.
What is the Fusion Techstack Limited unlisted share price today?
The indicative over-the-counter reference price is ₹4.45 per share as of 17 Oct 2026. It is a dated dealer reference, refreshed every working day.
Is Fusion Techstack Limited listed on a stock exchange?
Not yet. Fusion Techstack Limited changes hands in the unlisted market, over the counter and settle into your demat account through NSDL and CDSL.
What is the minimum investment in Fusion Techstack Limited?
The minimum ticket is ₹25,000, the same for every company on the site.
What is the ISIN of Fusion Techstack Limited?
INE678L01012. Holdings are settled in demat form through NSDL and CDSL.
How do I buy Fusion Techstack Limited unlisted shares?
Send an enquiry with the quantity you have in mind. The desk replies with a dated quote, the paperwork list and the demat steps, and the shares settle demat to demat into your own account.
Is there a lock-in if Fusion Techstack Limited lists?
Pre-IPO shareholders other than promoters are generally locked in for six months from the date of IPO allotment under SEBI ICDR regulation 17. The final offer document sets the exact terms.
Sources
- Fusion Techstack Limited annual report 2024-25 · FY 2024-25 · icexindia.com
- Fusion Techstack Limited annual report 2023-24 · FY 2023-24 · icexindia.com
- BuyUnlistedShares indicative price series for Fusion Techstack Limited, dated daily · since 13 Jan 2026 (244 dated quotes) · buyunlistedshares.com
How to cite this page: BuyUnlistedShares, “Fusion Techstack Limited unlisted share price”, https://buyunlistedshares.com/unlisted-shares/fusion-techstack-limited, as of 17 Oct 2026.
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Enquire to buy Fusion Techstack Limited · Sell a holding
Indicative reference price, dated. BuyUnlistedShares is India's premium unlisted shares desk, run by Gayatri Financial Synergy LLP. In the market since 2002. Data as of 17 Oct 2026.
Before you buy: guides
- How to evaluate an unlisted company before investing
- How Unlisted Share Prices Are Discovered When There Is No Live Order Book
- The risks of buying unlisted and pre-IPO shares in India
- Unlisted Shares Lock-In Period: What Every Investor Must Know (2026)
- Can an NRI invest in unlisted shares in India?
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