ICEX (Indian Commodity Exchange) Limited Unlisted Shares
Indian Commodity Exchange Limited (ICEX) is SEBI regulated online Commodity Derivative Exchange. Headquartered at Mumbai, the exchange provides the nationwide trading platform through its appointed brokers.
The exchange launched world’s first ever Diamond derivative contracts. ICEX aims to provide futures trading products in India’s all economically relevant commodity. At present, it offers futures contract in Diamond.
This exchange is ideally positioned to leverage the huge potential of commodities market and encourage the participation of actual users to benefit from the opportunities of Hedging, Risk management and Supply chain management in the commodities markets.
ICEX is the first exchange in India to adopt global hi-tech platform that ensures automatic and seamless switch-over from its Data Center (DC) to the Disaster Recovery (DR) site with zero data loss in case of exigencies. The technology platform has highly optimized processing techniques, which enables the system to handle very large orders with latencies under 300 microseconds.
Products of the ICEX Exchange in which Commodity trading is offered.
| Agri Products | Black Pepper |
| Cardamom | |
| Castor Seeds | |
| Rape/Mustard Seed | |
| Soya Bean Oil | |
| Plantation | Rubber |
| Raw Jute | |
| Guar Seed | |
| Isabgul Seed | |
| Non-Agri Products | Diamonds |
| Steel |
ICEX (Indian Commodity Exchange) Limited Unlisted Shares Details:
| Total Available Shares: | 100000 |
| Face Value: | ₹ 5 Per Equity Share |
| ISIN: | INE678L01012 |
| Lot Size: | 500 Shares |
| Current Unlisted Share Price: | ₹ 14 Per Equity Share |
Promoters And Management:
Company Business:
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) | 2017-18 | 2016-17 |
| Revenue | 14.74 | 4.31 |
| Expense | 37.71 | 19.17 |
| PBT | -22.97 | -14.86 |
| Tax | 0.52 | 0 |
| PAT | -23.5 | -14.86 |
| EPS | -0.7 | -0.58 |
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.
**********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.
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.