The National Commodity & Derivatives Exchange Limited (NCDEX) has successfully raised ~₹770 crore through a preferential share issue, cementing its position as a key player in India’s commodity markets. This isn’t just another fundraising exercise—it reflects rising institutional confidence, marquee investor participation, and NCDEX’s ambitions to expand beyond commodities into equity products.
Amount Raised: ₹7,700,004,155 (~₹770 Cr)
Shares Allotted: 39,018,973 shares
Average Price: ~₹197.34 per share
The allotment was backed by a mix of global funds, leading domestic institutions, and respected Indian investors, ensuring NCDEX’s capital base is both stronger and more diversified.
Some of the most respected financial names participated:
Globe Capital Market Ltd. – ₹51 Cr
Billionbrains Garage Ventures Ltd. – ₹50 Cr
Acacia Banyan Partners – ₹50 Cr
Kotak Mahindra Life Insurance – ₹42 Cr
Tower Research Ventures LLC – ₹34 Cr
Share India Securities Ltd. – ₹28 Cr
Kedia Securities Pvt. Ltd. – ₹10 Cr
Other prominent names include Zerodha-backed Rainmatter Capital, Citadel Securities, SMC Global Securities, and several venture funds—bringing both financial muscle and market credibility.
Adding even more weight, legendary Indian investors also took part:
Radhakishan S. Damani (DMart) – ₹25 Cr
Ramesh S. Damani – ₹15 Cr
Gopikishan S. Damani – ₹9 Cr
Madhusudan Kela (MK Ventures) – ₹15 Cr
Kanchan Sunil Singhania (Abakkus family) – ₹15 Cr
Viral Amal Parikh (Ohm Stock Broker) – ₹15 Cr
When value investors and market veterans step in, it’s often a strong validation of long-term growth prospects.
Strengthened Capital Base – The ₹770 Cr infusion will help NCDEX upgrade technology, expand product offerings, and deepen liquidity.
Institutional + HNI Confidence – The blend of global funds, domestic institutions, and iconic Indian investors provides unmatched stability.
Affordable Entry Valuation – At ~₹197 per share, NCDEX remains attractive versus overheated valuations in other exchange plays.
Macro Tailwinds – Rising commodity volatility, climate-linked agri disruptions, and India’s push for organized trading create fertile ground.
Diversification Edge – Commodities often hedge against equity volatility and inflation, giving investors a unique asset class exposure.
Beyond commodities, NCDEX is now preparing to launch equity market products, a development that could significantly broaden its role in India’s capital markets. This marks a strategic shift—from being seen primarily as an agri-commodity exchange to potentially emerging as a full-service exchange platform.
Such a move could:
Attract new categories of investors,
Diversify revenue streams, and
Position NCDEX alongside established equity market exchanges.
This landmark fundraise isn’t just about capital—it’s about credibility, vision, and market positioning. Backing from legends like Radhakishan Damani and Madhusudan Kela, combined with institutional anchors like Kotak and Rainmatter, signals strong faith in NCDEX’s trajectory.
With a solid balance sheet, a diversified investor base, and plans to step into equities, NCDEX is no longer just a commodity story—it’s a broader India growth story in the making.
💡UnlistedZone Take: With marquee investors on board and fresh capital deployed for growth, NCDEX stands out as one of the most exciting unlisted opportunities today. Its expansion into equities could be a game-changer, offering early investors a chance to ride India’s evolving market infrastructure story.
🔗 For More Information: UnlistedZone – NCDEX Unlisted Shares
Disclaimer:
UnlistedZone is not a SEBI-registered Research Analyst or Investment Advisor. All information provided is for educational purposes only. Investors are advised to conduct their own due diligence or consult a SEBI-registered advisor. Investments in unlisted and pre-IPO shares are subject to risks including illiquidity and volatility.
