Indian Commodity Exchange Ltd (ICEX) Unlisted Shares | Price, News, Valuation

Indian Commodity Exchange overview:

The exchange has recommenced trading operations w.e.f. August 28, 2017, after successfully complying with all SEBI mandated norms–prescribed for the commodity exchanges, and implementing world-class technology and risk management systems in Diamond Futures Contracts, which has highly impacted the Indian Commodity Exchange Share Value.
The Company has also launched a Steel Long Futures contract on August 28, 2018.
Further, subsequent to the amalgamation of NMCE vide NCLT approval, all the futures contracts traded at erstwhile NMCE were made available for trading at ICEX platform w.e.f September 24, 2018
The company has also obtained approval from SEBI to facilitate transactions in the Mutual Fund scheme on the platform.
As per SEBI requirement and in compliance with the erstwhile SECC Regulations, 2012, the Exchange has outsourced its services with respect to the clearing, settlement, deliveries, risk management services and any other applicable post-trade services required under the SECC Regulations to Metropolitan Clearing Corporation of India Limited (“MCCIL”), with effect from October 1, 2018.
Technology plays the key role in Exchange business and accordingly the exchange 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 providing advanced surveillance and risk management features at par with global best practices.
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.
Notable policy initiatives have been allowing commodity options, permitting mutual funds to participate in the commodity derivative markets, allowing foreign entities to hedge their exposure on the commodity in Indian commodity exchanges and allowing the introduction of commodity indices trade. 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.

The company provides 4 kinds of membership to its clients:

Trading member: A trading member has rights to trade on its own account as well as on account of their clients but cannot clear and settle trades itself and thereby must be affiliated with a trading cum clearing member or professional clearing member to settle trades.
Self-clearing member: A self-clearing member can clear and settle transactions on their own account or its client account but cannot clear trades of other trading members or their clients.
Trading cum clearing member: A trading cum clearing member can trade and settle transactions for self, its clients as well as other trading members and their clients.
Professional clearing member: A professional clearing member cannot trade and can only settle trades executed by another member of the exchange.

Vision and mission of the company:

Vision: Prices discovered on the Exchange to be recognized as benchmark prices for global trade.

Mission: To become the most preferred platform for price discovery and price hedging.

Management of the company:

Name	Designation
Dr. H. K. Pradhan	Chairman, Public Interest Director (PID)
Mr. Ajit Kumar Mittal	Shareholder Director (SHD)
Mrs. D. Vijayalakshmi	Public Interest Director (PID)
Mr. Lav Chaturvedi	Shareholder Director (SHD)
Mr. J. J. Bhatt	Public Interest Director (PID)
Mr. Sanjit Prasad	Managing Director and Chief Executive Officer (MD & CEO)

Past performance of the company:

(All figures INR in crores except specifically mentioned)

Particulars	2017-18	2018-19
Total Income	16.32	12.37
Profit before Tax (PBT)	(12.90)	(28.57)
Profit After Tax (PAT)	(13.34)	(28.52)
Earnings per share (EPS) (INR)	(0.25)	(0.54)

Shareholding pattern as on 31.03.2019

Name of the shareholder	No. of Shares	Holding (in %)
Promoter and Promoter group	16,64,06,671	31.19%
Central Warehousing Corporation	5,89,63,956	11.05%
Deputy Director (PMLA) Directorate Of Enforcement, Ahmedabad	4,82,09,060	9.04%
Indian Potash Limited	2,68,00,000	5.02%
Bajaj Holding and Investment Limited	2,54,40,800	4.77%
Asian Star Company Limited	1,67,50,000	3.14%
Akhil Kumar Gupta	1,67,50,000	3.14%
Vijay Sharma	1,67,50,000	3.14%
Punjab National Bank	1,61,18,720	3.02%
Abhinay Trading Private Limited	1,60,00,000	3.00%
Adventz Finance Private Limited	1,50,00,000	2.81%
Total outstanding shares	53,35,07,476	100%

Annual report for the last year is as under:

ICEX-annual-report-2019.pdf

Indian Commodity Exchange Limited (ICEX) Unlisted Shares

Particulars	Narration
Total available shares	10,000 equity shares
Face Value	5
ISIN	INE678L01012
Lot Size	1,000 Equity Shares
Current Unlisted Share Price	₹ Best in Industry per Equity Share
PAN No.	AABCI9479D
Registered office	1st Floor, Office - 109, Blue Diamond, Nodh No: 1158 to 63/65/9, Hat Faliyu, Mahidharpura,

Unlisteddeal review:

The company has a good product portfolio and is trying to increase awareness and boost the market share which has the potential to increase the Indian Commodity Exchange Share Price.
The company is constantly striving to add new products.
The company has the potential to give good CAGR returns to the esteemed Indian Commodity Exchange Shareholders from the current ICEX share price.

News:

Frequently Asked Questions (FAQs) on Indian Commodity Exchange Limited (ICEX) unlisted shares:

1. How to buy Indian Commodity Exchange Limited (ICEX) unlisted shares?

Step by Step process to buy Indian Commodity Exchange Limited (ICEX) unlisted shares is as under:

Step 1: A deal is proposed between unlisteddeal and buyer either on WhatsApp or over email.

Step 2: Buyer provides their client master copy for transfer of shares, PAN card copy, Aadhar card copy and cancelled cheque. The deal gets confirmed once documents provided are in order.

Step 3: Buyer transfers deal amount to bank account details provided by us and provide us with remitter name, bank account number, bank name and UTR no. for the amount transferred to us.

Step 4:We shall transfer shares to buyer account on the same day of receipt of funds and raise contract note.

See the Infographic flow to buy the shares

2. How to sell Indian Commodity Exchange Limited (ICEX) unlisted shares?

Step by step process to sell Indian Commodity Exchange Limited – ICEX shares is as under:

Step 1: A deal is proposed between unlisteddeal and seller either on WhatsApp or over email.

Step 2: Seller provides their client master copy, PAN card copy, Aadhar card copy, delivery instruction slip (DIS) copy and cancelled cheque copy. The deal gets confirmed once documents provided are in order.

Step 3: Seller transfer shares to details provided to them by us.

Step 4: We shall make payment to the seller on the same day of receipt of shares.

See the Infographic flow to sell the shares