InvestorQ : What are your views on the NCDEX IPO to come out later this year? Is it an issue worth investing?
ishika Banerjee made post

What are your views on the NCDEX IPO to come out later this year? Is it an issue worth investing?

Answer
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Niti Shenoi answered.
7 months ago


You will have to wait for the issue pricing and the relative valuations before you can take a call on the attractiveness or otherwise of the IPO. NCDEX is the second largest commodity exchange after MCX and will be the third exchange to list on the stock market after MCX and the BSE. It will be a combination of fresh issue and an offer for sale with shareholders like Canara Bank, Build India Capital Advisors, IFFCO and Investcorp PE hiving off part of their stake in the OFS. The fresh issue will be to the tune of Rs.100 crore while the balance Rs.400 crore will be by way of offer for sale. NSE, LIC and NABARD also hold stakes in NCDEX. Between LIC, NSE and NABARD, they own close to 37% in the NCDEX. In the last decade and more, NCDEX has positioned itself as the leader in agricultural commodities while MCX has leadership in precious metals, energy products and base metals.