ICEX (Indian Commodity Exchange) Limited Unlisted Shares

Business of ICEX

(i) Indian Commodity Exchange Ltd (“ICEX”) is a recognized Commodity Exchange regulated by the Securities and Exchange Board of India (“SEBI”), having demutualized corporate structure, online trading, clearing, and settlement with best practices. The company operates in one reportable business segment namely “Commodity Exchange” and one reportable geographical segment, i.e., within India and accordingly “business of facilitating trading in commodities and incidental activities thereto” is considered as the only Primary Reportable business segment.

(ii) The Exchange after obtaining the approval to re-commence its trading operation from SEBI, started the trading operation from August 28, 2017, by launching the Diamond Derivative contract of 1 carat. ICEX is the first Exchange worldwide to launch the Diamond Derivative contract. The Exchange launched Steel Long contract on August 28, 2018, exactly after completion of one year of re-commencement of trading operation.

(iii) During the FY 2018-19, the Hon’ble National Company Law Tribunal (“NCLT”) sanctioned the amalgamation of National Multi-Commodity Exchange of India Limited (“NMCE”) with ICEX vide its common order dated August 27, 2018, and August 31, 2018, and the said merger was effective from September 7, 2018. The appointed date as per the scheme was April 01, 2017. Accordingly, NMCE amalgamated with ICEX during the year. The commodities traded on erstwhile NMCE were automatically traded on the ICEX platform by operation of law. The exchange has now 16 different commodity derivatives contracts available for trading on its platform.

(iv) On July 11, 2019, the Paddy Basmati derivative contract was also launched. The Exchange has plans to introduce innovative contracts from time to time and keep its position as an innovative Exchange.

(v) As per SEBI requirement and in compliance with the erstwhile SECC Regulations, 2012, the Exchange has outsourced its services with respect to a clearing, settlement, deliveries, risk management services to Metropolitan Clearing Corporation of India Limited (“MCCIL”) with effect from October 1, 2018, by signing the Clearing and Settlement agreement with MCCIL.

(vi) The Exchange with the support of its well-experienced management team has successfully set up its infrastructure and technology. ICEX has tied up with leading technology provider Millennium IT, subsidiary of London Stock Exchange Group whose systems are used by exchange businesses around the world. The Exchange is ideally positioned to leverage the huge potential of the commodities market and encourage the participation of farmers, traders, and actual users to benefit from price discovery, risk management, and supply chain management in the commodity markets.

SEBI Initiative to Boost Commodity Business

(i) Recently, SEBI has taken various steps to boost the commodity derivative market. In a major decision to strengthen the commodity market, SEBI permitted mutual funds to participate in commodity futures along with PMS. It enabled mutual funds and portfolio managers to participate in the Agri and non-agri commodity derivatives segments (CDS). Earlier, Alternative Investment Funds (AIFs) were allowed to trade in commodities futures.

(ii) Notable policies initiatives have been allowing commodity options, allowing foreign entities to hedge their exposure on the commodity in Indian commodity exchanges and allowing the introduction of commodity indices trade

(iii) In the financial year 2018-19, the SEBI permitted two more exchanges to operate commodity derivative market. With this, there are currently five SEBI recognized electronic multi-commodity national exchanges including ICEX.

(iv) SEBI has permitted ICEX to launch Mutual Fund distribution, using the Exchange infrastructure and the Exchange will start this segment during the current financial year.

FY19-20 Performance Highlights:

1. The operating income for F.Y 2019-20 is ₹ 3.23 Crore as against ₹ 1.90 Crore in F.Y 2018-19.
2. The net loss after tax for the year ended March 31, 2020, stood at ₹ 42.32 Crore as against ₹ 28.57 Crore for the year ended March 31, 2019.
3. The net worth as of March 31, 2020, stood at ₹129.37 crores.
4. In FY19-20, the Company has launched Paddy Basmati Futures Contract on July 11, 2019, thereby marking another milestone. ICEX has created the world’s first organized, transparent, and regulated derivatives market for diamonds.
5. ICEX Company had envisioned and has started a business in Mutual Fund Distribution Scheme and its related activities during the financial year 2019-20.
6. The average daily turnover during F.Y 19-20 was ₹ 156.41 crores as compared to ₹ 93.62 crores in F.Y 2018-19 (single side) with a total of 7098 clients traded on the Exchange.
7. The total turnover of commodity futures traded on ICEX Exchange for F.Y. 19-20 stood at ₹ 40511 crores as against ₹ 24000 crores in F.Y 2018-19.
8. ICEX has a national reach with 138 SEBI registered members, having 1298 Authorised Persons, operating through 3340 terminals including Computer to Computer Link (CTCL) across 329 cities/towns across India as of March 31, 2020.

Big Breaking News on ICEX ( 13.05.2022)

SEBI has cancelled the ICEX license of Commodity as its net-worth has fallen below 100 Crores, the mandatory net-worth required to run an exchange.

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ICEX (Indian Commodity Exchange) Limited Unlisted Shares Details:

Total Available Shares:	100000
Face Value:	₹ 5 Per Equity Share
ISIN:	INE678L01012
Lot Size:	1000 Shares
Current Unlisted Share Price:	₹ 6.527 Per Equity Share

Promoters And Management:

1. Dr. H. K. Pradhan - Chairman, Public Interest Director 2. Mr. Ajit Kumar Mittal - Shareholder Director 3. Mrs. D. Vijayalakshmi - Public Interest Director 4. Mr. J. J. Bhatt - Public Interest Director 5. Mr. Lav Chaturvedi - Shareholder Director 6. Mr. Sanjit Prasad - Managing Director & CEO

Company Business:

The Company's main source of Revenue comes from the following Services: 1. Membership admission fee 2. Transaction Fee 3. Other membership fees 4. Connectivity charges 5. Income from penalty charges. 6. Vaulting Charges. The more the client they made more the business will flourish.

Shareholding Pattern:

Sr. No	Name of the Shareholder	No.of Shares	% Of Shares
1	Reliance Exchangenext Limited	871,00,000	16.33%
2	Central Warehousing Corporation	589,63,956	11.05%
3	Deputy Director(PMLA)	482,09,060	9.04%
4	Indiabulls House Finance Limited	350,00,000	6.56%
5	MMTC Limited	320,00,000	6%
6	Indian Potash Limited	268,00,000	5.02%
7	Bajaj Holding and Investment Limited	254,40,800	4.77%
8	Abhinay Trading Private Limited	220,00,000	4.12%
9	Reliance Corporate Advisory Services Limited	173,06,671	3.24%
10	Asian Star Company Limited	167,50,000	3.14%
11	Akhil Kumar Gupta	167,50,000	3.14%
12	Vijay Sharma	167,50,000	3.14%

Financials of ICEX (Indian Commodity Exchange) Limited Unlisted Shares:

Particulars(in Crores)	2020-21	2019-20	2018-19	2017-18	2016-17
Revenue	4	8	12	16	4
Expense	30	50	40	29	19
PBT	-26	-42	-28	-12	-14
Tax	0	0	0	0.52	0
PAT	-26	-42	-28	-13	-14
Equity shares	53.2	53.2	53.2	33.5	33.5
EPS	-0.48	-0.79	-0.53	-0.7	-0.58

FY19-20 Financial Highlights 1. During the F.Y. 2019-20, the Exchange started levying transaction fees on Diamond Contract from June 24, 2019. To improve the liquidity in its contracts the Exchange introduced as per SEBI guidelines the Liquidity Enhancement Scheme (LES). 2. It earned a total income of ₹ 8.07 crore and incurred a net loss of ₹42.33 crores. The expenses mainly consist of employee benefits and exchange operations. 3. In order to boost commodity market, SEBI permitted mutual funds to participate in commodity futures along with PMS. It enabled mutual funds and portfolio managers to participate in the agri and non-agri commodity derivatives segments (CDS). Earlier, Alternative Investment Funds (AIFs) were allowed to trade in commodities futures. 4. SEBI has permitted ICEX to launch Mutual Fund distribution, using the Exchange infrastructure and the Exchange has commenced the Mutual Fund distribution service (MFDS) from December 27, 2019. ICEX Annual Report 2020-21 ICEX Annual Report 2019-20 ICEX Annual Report 2018-19

Company Address:

Office No.109, 1st Floor, Nodh No. 1158 to 63/65/9, Hat Faliyu, Mahidharpura, Surat- 395003, Gujarat. Email: icexsecretarial@icexindia.com Website: www.icexindia.com Phone: 0261 - 2609960 CIN: U67120GJ2008PLC099142

Frequently Asked Questions:

Please find below the procedure for buying ICEX (Indian Commodity Exchange) Limited Unlisted Shares at UnlistedZone.

1. You confirm booking of ICEX (Indian Commodity Exchange) Limited Unlisted Shares with us at a trading price.
2. You provide your client master report (ask the broker if not available) along with PAN Card and Cancelled Cheque in case you are not transferring funds from the bank account as mentioned in the CMR Copy. These are KYC documents required as per SEBI regulations.
3. We will provide the bank details.
4. You need to transfer funds in that account.
5. Payment has to be done in RTGS/NEFT/IMPS CHEQUE TRANSFER. No CASH DEPOSIT.
6. Payment has to be done from the same account in which shares are to be credited.
7. We will transfer the shares in 24 hours if funds are credited before 2 pm.

Important Note: Please note that the lock-in period for selling ICEX (Indian Commodity Exchange) Limited Unlisted Shares is 6 months after listing. Hence you can’t sell ICEX (Indian Commodity Exchange) Limited Unlisted Shares which you bought in Pre-IPO for 6 months after its listing. i.e. You can sell it only after 6 months calculated from the listing date. For any queries, please contact us at sales@unlistedzone.com

Please find below the procedure for selling ICEX (Indian Commodity Exchange) Limited Unlisted Shares at UnlistedZone.

1. We will confirm our buying price of ICEX (Indian Commodity Exchange) Limited Unlisted Shares.
2. We will give you our client master report and you will transfer the ICEX (Indian Commodity Exchange) Limited Unlisted Shares to our demat account.
3. We will ask for bank details of yours once the ICEX (Indian Commodity Exchange) Limited Unlisted Shares are received in our demat account..
4. We will transfer the funds in your bank account within 24 hrs of receiving the ICEX (Indian Commodity Exchange) Limited Unlisted Shares.
5. Payment will be made in RTGS / NEFT / CHEQUE TRANSFER/IMPS. No CASH DEPOSIT.
6. Payment will be given in the same account which is linked to demat account or you need to provide the cancelled cheque shows your name to verify. As per SEBI regulations, the transfer of funds in the third party account is not legal and our policy refrain us from doing so.

Note: The price at which we are buying the share is fixed for 3 days. If you cant sell your stock within 3 days, then the price of that day will be applicable when we receive shares in our demat.

Lock-in period of ICEX (Indian Commodity Exchange) Limited Unlisted Shares depends upon category of investors.

1. Venture Capital Funds or Foreign Venture Capital Investor - lock-in Period of 6 months from the date of acquisition of ICEX (Indian Commodity Exchange) Limited Unlisted Shares.
2. AIF-II - There is no locking period.
3. Other Investors (include Retail, HNIs or Body Corporate) lock-in Period of 6 months from the date of listing of IPO of ICEX (Indian Commodity Exchange) Limited Unlisted Shares.

This new SEBI rule was introduced in the month of August-2021, wherein the SEBI has reduced the lock-in period previously from 1 year to 6 months to encourage more and more funds to be invested in startups which are going to public or IPO in near future. Reduction of lock-in is seen as big step and after that many PMS funds are advising their clients to invest in Pre-IPO shares to get the benefit of early stage investment.

DIS - Delivery Instruction Slip is the way through which an investor can sell or transfer the ICEX (Indian Commodity Exchange) Limited Unlisted Shares from his/her demat account to any other demat account. There are two Types of DIS Slip.

1. Offline-DIS - This is an offline mode of transfer of shares wherein the investors needs to fill DIS form and give it to their broker for transferring the shares. Following are the fields which are required to be filled.
- a. ISIN number of ICEX (Indian Commodity Exchange) Limited Unlisted Shares.
- b. Name of ICEX (Indian Commodity Exchange) Limited Unlisted Shares
- c. Quantity of ICEX (Indian Commodity Exchange) Limited Unlisted Shares
- d. Cosideration Amount
- e. Target DP ID and Client ID
- f. Annexure
2. Online DIS - Some of the broker these days gives facility of transferring the ICEX (Indian Commodity Exchange) Limited Unlisted Shares via online DIS. So, please check with your broker whether such facility is available or not. For example: Angel Broking proivdes the facility of Online-DIS from its platform. As an investor he/she simply needs to add a beneficiary into it and send the ICEX (Indian Commodity Exchange) Limited Unlisted Shares by filling the details similar to Ofline-DIS.

Read our article to understand more about this. https://unlistedzone.com/how-do-i-sell-my-unlisted-shares/

In the last 4-5 years, the unlisted share market has become quite big and as a result of that, the ticket size has reduced from usual 5-10 Lac to 35-50k in today's scenario. So, via our UnlistedZone platform, if somebody wants to buy ICEX (Indian Commodity Exchange) Limited Unlisted Shares then minimum investment would be 35-50k.

Yes, buying and selling of unlisted shares in India is 100% legal.

If you sell your shares within 2 years, then you will have to pay Short-term Capital gain on unlisted shares. Short-Term Capital Gain is added in your Income. So, as per individual tax slab you need to pay capital gain tax.

If you sell your shares after 2 years, then you will have to pay Long-term Capital gain on unlisted shares LTCG is 20% with indexation benefits.

After listing of shares, the unlisted shares which you have bought through unlisted market, will be taxed at listed rates, if sold through exchange. So, taxes of listed market will be applicable. And, to calculate holding time, for determining LTCG or STCG, the purchase date of unlisted shares will be applicable.

If you buy ICEX (Indian Commodity Exchange) Limited Unlisted Shares from UnlistedZone then these shares can checked in two ways. However, before we tell you the process of checking of shares, it is intimated that as per SEBI regulations, the shares can be transferred in demat account only.

Check credit of ICEX (Indian Commodity Exchange) Limited Unlisted Shares Instantly?

1.You can download the NSDL or CDSL application from google play-store and check. If you want to check whether your stock broker is registered with NSDL or CDSL then check the following procedure.
By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Demat Account = DP ID + Client ID. (16 Characters )
"DP ID is the unique identification of the Broker. Every broker gets a unique number from CDSL or NSDL.By carefully examining the number format of Demat Account we can easily identify whether the stock broker is registered with CDSL or NSDL.
Client ID is the unique identification of the Client. Every client gets this unique number which represents his/her portfolio.
In CDSL, all these characters are numbers (1234567891234567) first 8 digits are DP ID and next 8 digits are Client Id whereas in NSDL the first two characters are letters which are in accordance with the country that you are from (IN12345678912345), then 6 unique digits for Broker and next 8 digits are client ID.
Example:
CDSL = 12345678(DP ID) and 91234567(Client ID).
NSDL = IN123456 (DP ID) and 78912345(Client ID).
Check in brokers application?
Credit of ICEX (Indian Commodity Exchange) Limited Unlisted Shares can be checked in brokers application as well but it takes T+2 days to show the shares.

The ICEX (Indian Commodity Exchange) Limited Unlisted Shares are credited in demat account same day of transferring funds in our company's bank account.

The price of ICEX (Indian Commodity Exchange) Limited Unlisted Shares can be checked in two ways. First, you can join our telegram channel where on daily basis we share the latest prices of all the unlisted shares in the morning and secondly, you can register on UnlistedZone.live platform to see the historical graphs and prices of all the shares at one place.

If you see the thesis of investment in the unlisted shares then it is being done mainly to take the advantage of IPO market. And, if the IPO plans of company get delayed due to market conditions or any other reason then demand suddenly drops in the market. The unlisted market works mainly on demand and supply and if there is no IPO news then getting exit would be difficult.

"UnlistedZone is India's fastest and leading marketplace to buy and sell unlisted shares. In the last 3 years, we have already served more than 1 million users on the platform. The total transactions value done from the platform is already more than 100 Crores. The name of our Co-founders Mr. Umesh Paliwal and Dinesh Gupta publish regularly in leading newspapers like MoneyControl, Business-Standard, ET etc for their views on IPO and Unlisted market. In the last 3 years, UnlistedZone has made a good name for itself in the industry and gained a trust of their users. So, the new investors should not be worried about any kind of fraud that is mostly happens with unkown brokers in the market while doing investment with UnlistedZone."

We at UnlistedZone do the valuation based on 2 methods.

1. We check the last funding that is being done in the ICEX (Indian Commodity Exchange) Limited Unlisted Shares to ascertain the benchmark valuation.
2. If there is no funding happened in the company, then we try to find a business similar to ICEX (Indian Commodity Exchange) Limited Unlisted Shares in the listed space and do comparison method to ascertain the valuation.

As an investor in the unlisted space, we would always recommend that you must check all the risk parameter carefully before investing in the unlisted space.

We source shares either from the employees or initial investors looking to liquidate their ICEX (Indian Commodity Exchange) Limited Unlisted Shares.

Pre-IPO shares means which are planning for an IPO in near future. So, all the shares which are traded on the platform are not Pre-IPO Shares. However, if the company's business is going good and then demand will always be there in the unlisted space, so even if the IPO does not come, the investors can easily liquidate their ICEX (Indian Commodity Exchange) Limited Unlisted Shares in the unlisted market itself.

Rules and regulations of SEBI are applicable in the Unlisted space like lock-in period of 6 months, paying of Stamp Duty, and DP Charges for every transaction etc. However, to become an unlisted broker there is no such regulation by SEBI as of yet.

For tracking news and other information about ICEX (Indian Commodity Exchange) Limited Unlisted Shares, one can visit our website wherein we post news and other information on daily basis and one can also join our telegram channel.

Discussion on ICEX (Indian Commodity Exchange) Limited Unlisted Shares:

23 Comments

rupesh2588

6:01 PM, 7 February 2022

What is the current price and lot size to buy?

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narender

8:19 PM, 18 June 2022

i have the shares. At what price are you willing to buy

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milind phadke

8:03 AM, 19 May 2021

hi .
pl quote rate

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dhavalpatel50

9:33 AM, 24 December 2020

What’s the price of iced? And the minimum quantity needed to buy.

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Umesh Paliwal

11:30 AM, 24 December 2020

Current Price is 12 per share. And minimum quantity is 1000.

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RUPESHG

10:18 AM, 16 May 2021

Hi,
I am ready to buy at Rs 8 per share

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Prashant

11:16 AM, 26 October 2020

I WANT TO SELL STAKE IN ICEX. WHAT IS THE PRICE?

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mahendramergu

9:00 PM, 3 April 2021

5

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SUKANTA19

7:03 PM, 27 November 2021

I WANT TO BUY @ 5

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Market Wizard

5:18 AM, 16 June 2020

https://unlistedzone.com/steel-diamond-paddy-rubber-trades-on-icex-under-scanner-16-06-2020/

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dhavalpatel50

12:28 PM, 19 August 2020

What is the price of ICEX and the minimum quantity?

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Market Wizard

8:17 AM, 20 August 2020

Price is Rs.13 and Minimum quantity is 250

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Market Wizard

7:45 AM, 21 May 2020

Fun Facts:
1. ICEX – It has a daily turnover of Rs.200 Cr.

2. MCX – larget commodity exchange- It has a daily turnover of Rs. 40000 Cr. Specializes in Metal derivatives.

3. NCDEX – another commodity exchange- It has a daily turnover of Rs. 1600 Cr. Specializes in Agri-Futures.

Though, the volume traded at ICEX is minuscule as compared to MCX and NCDEX, the newly formed commodity exchange such as ICEX runs a niche future contracts for Rubber, Steel, Diamond, and Basmati paddy.

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Market Wizard

10:45 AM, 29 April 2020

https://unlistedzone.com/iex-is-looking-to-buy-15-stake-in-icex-for-rs-150-cr-29-04-2020/

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rupesh2588

7:10 AM, 3 October 2021

I would like to know the current rate.. would like to buy 1000 shares

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Umesh Paliwal

3:36 AM, 6 October 2021

Hi,

ICEX Unlisted share Price is Rs.12 per share.

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SHAIK

11:16 AM, 21 January 2020

i want 500 shares of icex for buy. pls send me details.

Hi Sreejith

Share Price: Rs. 14

Please also go through the below procedure to buy unlisted shares from UnlistedZone.com

https://unlistedzone.com/procedure-to-buy-and-sell-unlisted-shares-with-unlistedzone/

Please find below our bank details:
Account Name: Investor Zone and Unlisted Zone
Account no: 919020001398815
NEFT ID: UTIB0000715
Bank: Axis Bank Limited

Please check and get back to us if you have any questions or concerns.

Looking forward to your response

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Market Wizard

7:49 AM, 24 August 2019

Results Update

1. Annual FY 18-19

https://www.icexindia.com/docs/default-source/financials/185_sebi-quarterly-format—march-2019-web.pdf?sfvrsn=5af35fca_10

2. First Quarter of FY 19-20

https://www.icexindia.com/docs/default-source/financials/financial-results-for-the-quarter-ended-june-30-2019.pdf?sfvrsn=8ce2182c_2

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Market Wizard

4:14 PM, 7 July 2019

In 2015-16

State-owned trading firm MMTC has sold 10 percent stake in commodity bourse Indian Commodity Exchange (ICEX) for Rs 20 crore.

Bharti Airtel group veteran Akhil Gupta and another Delhi-based investor, Vijay Sharma of BN Enterprises, have bought five percent each in ICEX in a personal capacity from MMTC.

As per our calculation, they have bought shares at Rs.10 each.

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Market Wizard

6:05 AM, 18 May 2019

ICEX set to launch black pepper contract, eyes up to 50% of market

https://unlistedzone.com/icex-set-to-launch-black-pepper-contract-eyes-up-to-50-of-market-18-05-2019/

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Praveen Kumar

11:03 AM, 1 March 2019

For two consecutive sessions, ICEX DIAMOND volume has breached all time high with value of Rs.365 crs traded on a single day. The Exchange also crossed landmark turnover of Rs.400 crores on a single day across all its contracts.

As per an internal discussion which is at initial stage, there will be only 2 full fledged exchanges. So MSEI and ICEX are likely to be merged with BSE. And MCX and NCDEX is likely to be merged with NSE. This consolidation is expected to be done in 1-2 years. Swap ratio will be in favour of smaller exchanges.

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Market Wizard

6:31 AM, 19 January 2019

Flash News- ICEX witnessed 98.07% growth in physical delivery:

January 10, 2019 : Indian Commodity Exchange (ICEX) on Tuesday stated that the beginning of New Year has witnessed the physical delivery growth of nearly 98% on a month on month basis on its platform and has brought cheers to the market. The value of delivery in both Steel Long and Diamond contracts expired on 4th January stood INR 5.2 crore. This is the highest value of delivery at ICEX since the launch of Diamond and Steel Long future contract in August 2017 and August 2018 respectively.

The settlement witnessed smooth delivery of 1230 MT steel Ingots/Billets valuing INR 4.06 crores and 31.34 carats of diamond valuing INR 1.06 crores.

Mr. Sanjit Prasad, MD & CEO of ICEX said, “ICEX has made a principled decision to launch compulsory delivery contracts which is a perfect platform and caters the need of all the participants in the echo system. Hence, ICEX trading platform provides a good opportunity for hedging the price risk for hedgers as contract expiry exhibits close convergence of the settlement and spot prices.”

In the previous month, i.e., December 2018, ICEX registered physical delivery of 590 MT Steel valuing INR 1.99 crore, while the physical delivery of 32.10 carats diamonds valuing INR 60 lakh.

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Market Wizard

7:43 AM, 20 December 2018

1. NMCE merger with ICEX

2. On August 27, 2018, the NCLT, Ahmedabad approves the merger of NMCE with ICEX effective from 7th September 2018.

3. The merged entity will retain the name of ICEX. New board is to be reconstituted soon.

4. The merger creates India’s third largest commodity derivatives exchange offering a wide range of commodity contracts which includes Rubber, Castor Seed, Mustard Seed, and Jute apart from Diamond and Steel.

5. Merged entity draws on support from its prominent shareholders such as MMTC, Indian Potash, Krishak Bharti Cooperative (KRIBHCO), IDFC Bank, Indiabulls Housing Finance, Reliance Exchangenext, Bajaj Holdings, Central Warehousing Corporation, Punjab National Bank and Gujarat Agro Industries.

6. MD & CEO of ICEX, Mr. Sanjit Prasad said “Merger shall result into synergy with an increase in overall depth of product offerings, the addition of members & their clients and the well-diversified experience manpower.

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