National Commodity and Derivatives Exchange Ltd. (NCDEX) Unlisted Share Price
National Commodity and Derivatives Exchange Ltd. (NCDEX) unlisted share price is ₹288 per share (indicative, as of 18 Oct 2026). Minimum ticket ₹25,000 (lot of 67 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 19 Oct 2026, 08:01 IST. Dated dealer references.
BuyUnlistedShares tracks 230 unlisted companies with dated prices; National Commodity and Derivatives Exchange Ltd. (NCDEX)’s indicative price is ₹288 per share as of 19 Oct 2026, a lot of 67 shares.
Key facts
- Indicative price
- ₹288 per share
- Price as of
- 18 Oct 2026
- Minimum investment
- ₹25,000
- Lot size
- 67 shares
- Sector
- Financials
- Listing status
- Unlisted
- Settlement
- Demat to demat; terms agreed in writing for each deal
- Last updated
- 19 Oct 2026, 08:01 IST
Indicative and dated. BuyUnlistedShares deals as principal.
Sourced key facts
- Legal name
- National Commodity & Derivatives Exchange Limited (NCDEX) (Source: NCDEX (company site), as of Oct 2026)
- Business
- SEBI-recognised commodity derivatives exchange: futures and options on cereals, pulses, oils and oilseeds, spices, fibres, metals and weather; expanding into cash equities and equity derivatives (Source: NCDEX (company site), as of Oct 2026)
- Equity segment decision
- Board approved entry into equity and equity derivatives on 12 February 2025, with an investment of ₹400-600 crore (Source: Angel One, as of 13 Feb 2025)
- SEBI in-principle approval
- August 2025, for equity and equity derivatives segments, conditional on technology, operations and risk readiness, with cash equity before derivatives (Source: Angel One, as of 11 Aug 2025)
- Launch plan
- Stock trading planned from January 2027 and equity derivatives by mid-2027; TCS is building the platform (Source: Briefs, as of 29 Jul 2026)
- Capital raised
- About ₹7.7 billion (₹770 crore) from investors including Citadel Securities and Tower Research (Source: Briefs, as of 29 Jul 2026)
- MD & CEO
- Arun Raste (Source: Briefs, as of 29 Jul 2026)
- 2020 DRHP
- Filed in early 2020 for an IPO of about ₹500 crore: fresh issue of up to ₹100 crore plus an offer for sale of 1,44,53,774 shares; no listing followed (Source: Outlook Business, as of 14 Feb 2020)
Last updated 8 Oct 2026. Facts only, each from the source linked; not a rating or a recommendation.
Buying at a glance
- Minimum ticket
- ₹25,000
- Price shown
- Indicative, dated 18 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 INE127G01010: 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: -27.6% over 3 months · -36.7% over 1 year.
Key figures
| Market cap | ₹3,211 Cr |
|---|---|
| Minimum investment | ₹25,000 |
| Lot size | 67 |
| P/E ratio | — |
| ROE | -3.05% |
| Book value | ₹165.78 |
| Face value | ₹10 |
| 52-week high | ₹480 |
| 52-week low | ₹288 |
| ISIN | INE127G01010 |
| Dividend yield | 0% |
Financials (₹ Cr)
| Metric | FY23 | FY24 | FY25 |
|---|---|---|---|
| Revenue | 136 | 136 | 122 |
| PAT | -42.4 | -27.7 | 236 |
| EPS (₹) | -8.00 | -5.10 | 46.9 |
About the company
National Commodity and Derivatives Exchange Limited (NCDEX) is one of India's leading commodity derivatives exchanges, incorporated in 2003 and headquartered in Mumbai, Maharashtra. The exchange operates a nationwide, electronic, screen-based trading platform that allows market participants to trade in commodity futures and options.
Prices shown are indicative and dated. Unlisted shares are illiquid and values can move sharply.
Registered in Mumbai, Maharashtra.
Registry
- ISIN: INE127G01010
- Depository: NSDL & CDSL
- Listed at: Unlisted
- Price as of: 18 Oct 2026
Company facts
| CIN | U51909MH2003PLC140116 |
|---|---|
| Incorporated | 2003 |
| ISIN | INE127G01010 |
| Face value | ₹10 |
| Depository | NSDL & CDSL |
| Registered office | First Floor, Akruti Corporate Park, Near G. E. Garden, L.B.S. Road, Kanjurmarg (West), Mumbai 400078, Maharashtra, India |
| Lot size | 67 shares |
| Minimum units | 30 |
| DRHP | Not filed |
Financial statements (₹ Cr)
| Metric | FY22 | FY23 | FY24 | FY25 | FY26 | FY26 vs FY25 |
|---|---|---|---|---|---|---|
| Revenue | 154.4 | 135.6 | 136 | 122.06 | 153.37 | +25.7% |
| EBITDA | — | −66 | −65 | −83 | −103.6 | −24.8% |
| Profit before tax | — | −58 | −33 | 279 | −64 | profit to loss |
| Profit after tax | −17.9 | −42.4 | −27.7 | 236.09 | −46.24 | profit to loss |
| EPS (₹) | −2.2 | −8 | −5.1 | 46.86 | −6.36 | profit to loss |
| Operating margin | — | — | — | −61.4% | −43.4% | +18 pts |
| Net margin | — | — | — | 193.4% | −30.1% | −223.6 pts |
| Share capital | — | — | — | 50.68 | 89.7 | +77% |
| Fixed assets | — | — | — | 7.62 | 13.21 | +73.4% |
| Trade receivables | — | — | — | 22.51 | 25.73 | +14.3% |
| Trade payables | — | — | — | 10.47 | 13.39 | +27.9% |
| Cash from operations | — | — | — | 11.84 | −133.7 | profit to loss |
| Cash from investing | — | — | — | 60.18 | −579.78 | profit to loss |
| Cash from financing | — | — | — | −7.48 | 755.69 | loss to profit |
| Net cash generated | — | — | — | 64.54 | 42.21 | −34.6% |
Key ratios and valuation
| Measure | Value | Basis |
|---|---|---|
| Indicative price | ₹288 | dealer reference, 18 Oct 2026 |
| Market cap | ₹3,211 Cr | as recorded |
| P/E | — | loss-making, n/a |
| P/B | 1.74x | price ÷ book value ₹165.78 |
| EPS | ₹−6.36 | per share, FY26 |
| Book value | ₹165.78 | per share, latest books |
| RoE | −3.05% | return on equity, latest FY |
| Debt / equity | 0.01 | latest balance sheet |
| Dividend yield | 0% | at the indicative price |
| Face value | ₹10 | per share |
| 52-week range | ₹288 – ₹480 | 317 dated quotes, last 12 months |
| Shares outstanding | — | not meaningful |
Shareholding pattern
| Category | Holder | % of equity |
|---|---|---|
| Others | National Stock Exchange Of India (nse) | 15% |
| Institutions | Life Insurance Corporation Of India (lic) | 11.1% |
| Institutions | Nabard | 11.1% |
| Others | Iffco | 10% |
| Institutions | Oman India Joint Investment Fund (oijif) | 10% |
| Institutions | Punjab National Bank | 7.3% |
| Institutions | Canara Bank | 6% |
| Institutions | Investcorp Private Equity Fund I | 5% |
| Institutions | Build India Capital Advisors LLP | 5% |
| Public | Others (bodies Corporate, Individuals & Public) | 19.5% |
Institutions 55.5% · Public 19.5% · Others 25%
Management and promoters
| Name | Designation | Experience |
|---|---|---|
| Ashish Bahuguna | Chairman / Public Interest Director | — |
| Arun Raste | Managing Director & CEO | — |
| Atul Roongta | Chief Financial Officer | — |
| Hoshi D Bhagwagar | Company Secretary | — |
| Hemant Adarkar | Public Interest Director | — |
| Mukulita Vijayawargiya | Public Interest Director | — |
| R. Amalorpavanathan | Public Interest Director | — |
| Soma Sankara Prasad | Public Interest Director | — |
| Sanjeev Rohilla | Non-Independent Director | — |
News and insights
Corporate actions and events
| Date | Type | Detail | Ratio / amount | Source |
|---|---|---|---|---|
| Dec 2025 | Other | SEBI in-principle nod for mutual fund transaction platform — NCDEX announced it received in-principle approval from SEBI to launch a mutual fund transaction platform, which the exchange positioned as a precursor to its planned entry into the equity and equity derivatives segments. | — | Desk note |
| Aug 2025 | Funding | Raised over ₹770 crore via preferential allotment; Citadel, Tower Research, Groww among backers — NCDEX raised over ₹500 crore (reported in total at around ₹770 crore via preferential allotment) from investors including Citadel Securities, Tower Research, Groww, JM Financial, Kotak Life Insurance and individual… | — | Desk note |
| Jul 2025 | Egm | SEBI in-principle approval to launch equity and equity derivatives segment — NCDEX received in-principle approval from SEBI to enter the equity cash and equity derivatives segments, marking a diversification beyond its commodity-only platform. | — | Desk note |
| Undated | Other | Q3 FY26 results: net loss narrows to ₹8.50 crore (quarter ended Dec 2025) — For Q3 FY26, NCDEX reported total income of ₹24.46 crore and revenue from operations of ₹6.47 crore, with the net loss narrowing to ₹8.50 crore from ₹11.82 crore in the prior quarter. | — | Desk note |
| Undated | Other | FY25 results: net profit of ₹234 crore driven by asset sales (FY ended Mar 2025) — NCDEX reported a net profit of ₹234 crore for FY25 versus a loss of ₹27.7 crore the prior year, largely from one-time gains including the sale of its stake in Power Exchange India Ltd (PXIL). | — | Desk note |
Reports and filings
No filings uploaded yet.
Annual reports
- National Commodity and Derivatives Exchange Ltd. (NCDEX) annual report 2024-25 (PDF)
- National Commodity and Derivatives Exchange Ltd. (NCDEX) annual report 2023-24 (PDF)
- National Commodity and Derivatives Exchange Ltd. (NCDEX) annual report 2022-23 (PDF)
- National Commodity and Derivatives Exchange Ltd. (NCDEX) annual report 2021-22 (PDF)
Frequently asked questions
What is the NCDEX unlisted share price today?
NCDEX's indicative unlisted share price is ₹288 per share, dated 18 Oct 2026: the same figure as the dated price line at the top of this page. It is a dated reference, not an exchange quote, and the price for an actual deal is confirmed in writing before you pay.
How do I buy NCDEX unlisted shares?
Send the enquiry form on this page with the quantity you want, and a person on the BuyUnlistedShares desk calls you back. You need a demat account (NSDL or CDSL) and your PAN. You pay only into the company bank account of Gayatri Financial Synergy LLP, never to an individual, and the shares are delivered to your own demat account. The minimum ticket is ₹25,000.
When is the NCDEX IPO date?
No IPO date has been announced. NCDEX filed a draft offer document (DRHP) in early 2020 for an IPO of about ₹500 crore, and no listing followed. No new DRHP or IPO date had been reported when this page was last updated on 8 Oct 2026.
Is NCDEX listed on NSE or BSE?
No. NCDEX runs a commodity derivatives exchange, but its own shares are unlisted and are not traded on NSE or BSE. They change hands off market and settle demat to demat.
What is the lot size and minimum investment for NCDEX unlisted shares?
The minimum ticket is ₹25,000, the same for every company on this site. At the indicative price of ₹288 per share, that is a lot of 67 shares.
Is there a lock-in on NCDEX shares if it lists?
As a general rule, SEBI's ICDR Regulations (regulation 17) lock in all pre-IPO shares held by investors other than promoters for six months from the date of IPO allotment. Some exemptions apply, and the final offer document sets the exact terms. NCDEX has no current DRHP, so there are no IPO lock-in terms for it yet.
What does National Commodity and Derivatives Exchange Ltd (NCDEX) do?
NCDEX is a SEBI-regulated commodity derivatives exchange incorporated in 2003 and based in Mumbai. It runs a nationwide electronic platform for trading commodity futures and options, with a particularly strong franchise in agricultural commodities such as guar, cotton, chana, soybean and spices, supporting price discovery, hedging and risk management.
What determines the indicative price of NCDEX unlisted shares?
The indicative price reflects privately negotiated, over-the-counter deals between buyers and sellers rather than a live exchange-quoted price. It can move with the balance of demand and available supply, the company's financial performance, developments in the commodity-exchange sector and overall market sentiment. As an indicative figure, it may differ across sources and over time.
What are some key fundamentals of NCDEX?
Reported reference details include CIN U51909MH2003PLC140116, ISIN INE127G01010 and a face value of ₹10 per share, with the company incorporated in 2003 and registered in Mumbai, Maharashtra. NCDEX operates as a deemed recognised stock exchange under SEBI regulation. These figures are for general information only and should be independently verified.
What is the ISIN of National Commodity and Derivatives Exchange Ltd. (NCDEX)?
INE127G01010. Holdings are settled in demat form through NSDL and CDSL.
Sources
- National Commodity and Derivatives Exchange Ltd. (NCDEX) annual report 2024-25 · FY 2024-25 · ncdex.com
- National Commodity and Derivatives Exchange Ltd. (NCDEX) annual report 2023-24 · FY 2023-24 · ncdex.com
- National Commodity and Derivatives Exchange Ltd. (NCDEX) annual report 2022-23 · FY 2022-23 · ncdex.com
- National Commodity and Derivatives Exchange Ltd. (NCDEX) annual report 2021-22 · FY 2021-22 · ncdex.com
- BuyUnlistedShares indicative price series for National Commodity and Derivatives Exchange Ltd. (NCDEX), dated daily · since 15 Sep 2025 (342 dated quotes) · buyunlistedshares.com
- Angel One: Equity segment decision · as of 13 Feb 2025 · angelone.in
- Angel One: SEBI in-principle approval · as of 11 Aug 2025 · angelone.in
- Briefs: Launch plan, Capital raised, MD & CEO · as of 29 Jul 2026 · briefs.co
- Outlook Business: 2020 DRHP · as of 14 Feb 2020 · outlookbusiness.com
- SEBI (ICDR) Regulations, 2018, regulation 17: lock-in of pre-issue capital held by persons other than promoters · last amended 5 Dec 2025 · sebi.gov.in
How to cite this page: BuyUnlistedShares, “National Commodity and Derivatives Exchange Ltd. (NCDEX) unlisted share price”, https://buyunlistedshares.com/unlisted-shares/national-commodity-and-derivatives-exchange-ltd, as of 19 Oct 2026.
Other Financials unlisted shares
- ASK Investment Managers Limited · ₹785
- Ambadi Investments Limited (murugappa) · ₹17,500
- Arohan Financial · ₹228
- Berar Finance Limited · ₹485
- Bharat Nidhi · ₹13,400
- Camac Commercial Company Limited · ₹35,000
Enquire to buy National Commodity and Derivatives Exchange Ltd. (NCDEX) · 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 19 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?
All unlisted shares · IPO calendar · Research & learning · Send an enquiry · Calculators · Jobs · About · Contact · Privacy · Terms · Disclaimer · Grievance redressal
Guides: Start investing · Evaluate a company · How prices are set · Risks · Lock-in periods · After the IPO · Sell ESOPs · NRI investors · Buybacks · Choosing a platform
BuyUnlistedShares (BUS) · Gayatri Financial Synergy LLP (LLPIN ACU-4678) · SCO-39, 1st Floor, HUDA Market, Sector-7, Faridabad, Haryana 121006 · +91 916-916-59-59
