Indian Commodity Exchange (ICEX)
+19.31 % 1 MAbout Indian Commodity Exchange (ICEX)
A Comprehensive Overview of Price & Journey
Understanding Indian Commodity Exchange (ICEX) Inception and Growth
Indian Commodity Exchange (ICEX) is an unlisted company trading in the private market. Unlike listed companies, the valuation and share price of unlisted or Pre-IPO companies are determined via negotiation and demand & supply on the Indian Commodity Exchange Unlisted Share Price.
Investors looking for diversification of their portfolio should carefully analyze the Indian Commodity Exchange (ICEX) unlisted share price, valuation, and research report for the latest year. This is the comprehensive coverage of the Indian Commodity Exchange Unlisted Share Price that answers simple questions of investors, such as how to buy unlisted/pre-IPO shares of the Indian Commodity Exchange (ICEX), what the Indian Commodity Exchange (ICEX) does, and how the Indian Commodity Exchange Unlisted Share Price has performed in recent years.
Overview
The Indian Commodity Exchange (ICEX) started its trading operations on August 28, 2017, and its headquarters office is in Mumbai, Maharashtra. It is an online Commodity Derivative Exchange regulated by the Securities Exchange Board of India.
The company also launched the Steel Long Future Contracts on August 28, 2018, and with this, the company has also obtained approval from SEBI to facilitate transactions in the Mutual Fund scheme on the platform.
Technology plays a key role in the Exchange business, and accordingly, the exchange has tied up with leading technology provider Millennium IT, a 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.
It is the first exchange in India to use a global hi-tech platform that ensures a seamless and automatic switch-over to a Disaster Recovery site from its data center with zero data loss. The exchange provides a nationwide trading platform through its appointed brokers and has 14 different commodity derivatives contracts available for trading on its platform, such as diamonds, basmati paddy, and so on.
Competitors
Multi Commodity Exchange (MCX)
Universal Commodity Exchange (UCX)
National Commodity and Derivative Exchange (NCDEX)
Dividend Details
There is no information provided regarding the dividend by the company.
IPO Details
There is no information provided regarding the IPO plans.
ICEX Share Price
Investors keen on the ICEX share price and performance track trading closely. As ICEX is presently unlisted, those in search of an Indian Commodity Exchange Unlisted Share Price must refer to approved brokers or unlisted share market websites for up-to-date valuations.
Services Provided
- Trading: ICEX provides a platform for trading commodities, including diamonds, through appointed brokers.
- Hedging: ICEX offers a unique platform for hedging against price fluctuations in diamond derivatives.
- Transparency: ICEX is known for bringing transparency to diamond trading.
- Clearing and settlement: ICEX has an in-house clearing department that monitors and manages activities related to delivery, fund settlement, and margining.
- Risk management: The Indian Commodity Exchange Unlisted Share Price offers Value at Risk (VaR) measures that calculate the maximum potential loss in the value of an asset or portfolio over a defined period.
- Client rights: ICEX offers grievance and arbitration services for clients.
- Features: ICEX offers a global hi-tech platform, optimized processing techniques, and policies for customer satisfaction.
Products
Agri Products
Spices – Black pepper and Cardamom
Oil & seeds
Castor Oil, Khopra, Mustard Seed & Soybean Oil
Plantation
Rubber
Fiber
Raw jute & Jute Sack
Other
Guar Seed & Isabgol Seed
Non-Agri Products
Metals
Diamond and steel
CEX Market Timings - Trading Sessions
The ICEX is open 5 days a week, i.e., from Monday to Friday, with different timing for agro and non-agro commodities.
Agro Commodities: 9:00 am - 5:00 pm
Non-Agro Commodities: 9:00 am - 11:30 pm/11:55 pm
Revenue Sources
- Transaction Fee
- Other membership fees
- Connectivity charges
- Income from penalty charges.
- Vaulting Charges
Subsidiary
The Company does not have Subsidiary Companies.
Registered Office
The Registered office of the company is in Surat, Gujarat, India.
Board of Directors
Independent Director
Mr. Sushil Kumar Agrawal
Shareholder Director
Ms. Vaishali Kale
Shareholder Director
Mr. Suresh Babu Kona Kanchi
Independent Director
Mr. Gopala Ramaratnam
Independent Director
Mr. Shantanu Walke
SHOW MORE...
Indian Commodity Exchange (ICEX) is an unlisted company trading in the private market. Unlike listed companies, the valuation and share price of unlisted or Pre-IPO companies are determined via negotiation and demand & supply on the Indian Commodity Exchange Unlisted Share Price.
Investors looking for diversification of their portfolio should carefully analyze the Indian Commodity Exchange (ICEX) unlisted share price, valuation, and research report for the latest year. This is the comprehensive coverage of the Indian Commodity Exchange Unlisted Share Price that answers simple questions of investors, such as how to buy unlisted/pre-IPO shares of the Indian Commodity Exchange (ICEX), what the Indian Commodity Exchange (ICEX) does, and how the Indian Commodity Exchange Unlisted Share Price has performed in recent years.
Overview
The Indian Commodity Exchange (ICEX) started its trading operations on August 28, 2017, and its headquarters office is in Mumbai, Maharashtra. It is an online Commodity Derivative Exchange regulated by the Securities Exchange Board of India.
The company also launched the Steel Long Future Contracts on August 28, 2018, and with this, the company has also obtained approval from SEBI to facilitate transactions in the Mutual Fund scheme on the platform.
Technology plays a key role in the Exchange business, and accordingly, the exchange has tied up with leading technology provider Millennium IT, a 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.
It is the first exchange in India to use a global hi-tech platform that ensures a seamless and automatic switch-over to a Disaster Recovery site from its data center with zero data loss. The exchange provides a nationwide trading platform through its appointed brokers and has 14 different commodity derivatives contracts available for trading on its platform, such as diamonds, basmati paddy, and so on.
Competitors
Multi Commodity Exchange (MCX)
Universal Commodity Exchange (UCX)
National Commodity and Derivative Exchange (NCDEX)
Dividend Details
There is no information provided regarding the dividend by the company.
IPO Details
There is no information provided regarding the IPO plans.
ICEX Share Price
Investors keen on the ICEX share price and performance track trading closely. As ICEX is presently unlisted, those in search of an Indian Commodity Exchange Unlisted Share Price must refer to approved brokers or unlisted share market websites for up-to-date valuations.
Services Provided
- Trading: ICEX provides a platform for trading commodities, including diamonds, through appointed brokers.
- Hedging: ICEX offers a unique platform for hedging against price fluctuations in diamond derivatives.
- Transparency: ICEX is known for bringing transparency to diamond trading.
- Clearing and settlement: ICEX has an in-house clearing department that monitors and manages activities related to delivery, fund settlement, and margining.
- Risk management: The Indian Commodity Exchange Unlisted Share Price offers Value at Risk (VaR) measures that calculate the maximum potential loss in the value of an asset or portfolio over a defined period.
- Client rights: ICEX offers grievance and arbitration services for clients.
- Features: ICEX offers a global hi-tech platform, optimized processing techniques, and policies for customer satisfaction.
Products
Agri Products
Spices – Black pepper and Cardamom
| Oil & seeds | Castor Oil, Khopra, Mustard Seed & Soybean Oil |
| Plantation | Rubber |
| Fiber | Raw jute & Jute Sack |
| Other | Guar Seed & Isabgol Seed |
Non-Agri Products
| Metals | Diamond and steel |
CEX Market Timings - Trading Sessions
The ICEX is open 5 days a week, i.e., from Monday to Friday, with different timing for agro and non-agro commodities.
Agro Commodities: 9:00 am - 5:00 pm
Non-Agro Commodities: 9:00 am - 11:30 pm/11:55 pm
Revenue Sources
- Transaction Fee
- Other membership fees
- Connectivity charges
- Income from penalty charges.
- Vaulting Charges
Subsidiary
The Company does not have Subsidiary Companies.
Registered Office
The Registered office of the company is in Surat, Gujarat, India.
Board of Directors
| Independent Director | Mr. Sushil Kumar Agrawal |
| Shareholder Director | Ms. Vaishali Kale |
| Shareholder Director | Mr. Suresh Babu Kona Kanchi |
| Independent Director | Mr. Gopala Ramaratnam |
| Independent Director | Mr. Shantanu Walke |
About Indian Commodity Exchange (ICEX)
IPO Details, Price movement
Performance Highlights FY2023-24
- The net worth of the company as of March 31, 2024, was ₹26.27 crore, and as of March 31, 2023 was ₹ 23.36 crore.
- The operating income for F.Y. 2023-24 was ₹ 0.006 Crore as against ₹₹ 0.25 Crore in F.Y 2022-23.
- Other income during F.Y. 2023-24 was ₹9.61 Crore as against ₹1.58 Crore in the F.Y 2022-23.
- The net profit before tax for the year that ended March 31, 2024, stood at ₹ 2.91 Crore as against negative ₹ 58.27 Crore for the year that ended March 31, 2023.
- The net cash used in Operating activities was Rs. 9.63 Crores in FY24.
- The company received a cash flow of Rs. 10.2 Crores from Investing activity.
- Net cash used in Financing activities was Rs 0.55 in FY24.
Fundamentals
Financials
All values are INR Cr except per share value
| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 2.09 | 1.83 | 9.61 |
| Other Income | 0.86 | 1.58 | 9.61 |
| Gross Profit | 2.09 | 1.83 | 9.61 |
| Total Expense | 19.93 | 49.99 | 5.72 |
| EBIDTA | -17.84 | -48.16 | 3.90 |
| D&A | 3.77 | 10.04 | 0.90 |
| EBIT | -21.61 | -58.20 | 2.99 |
| Interest Expense | 0.10 | 0.68 | 0.08 |
| PBT | -21.72 | -58.88 | 2.92 |
| TAX | - | 0.33 | - |
| PAT | -21.72 | -59.22 | 2.92 |
| Diluted EPS | -0.41 | -1.10 | 0.05 |
| Total income | 2.95 | 3.41 | 19.22 |
ASSETS
| CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Cash and Cash Equivalents | 0.76 | 38.50 | 37.50 |
| Trade Payables | 1.07 | - | - |
| Inventory | - | 0.10 | 0.14 |
| Other Current Assets | 36.35 | 33.74 | 25.45 |
| Total Current Assets | 38.18 | 72.34 | 63.09 |
| NON CURRENT ASSETS | 2022 | 2023 | 2024 |
|---|---|---|---|
| Plant Property and Equipment | 4.55 | 2.19 | 2.39 |
| Other Non Current Assets | 102.00 | 10.27 | 13.36 |
| Total Non Current Assets | 106.55 | 12.46 | 15.75 |
| Total Assets | 144.73 | 84.80 | 78.84 |
|---|
| CURRENT LIABILITES | 2022 | 2023 | 2024 |
|---|---|---|---|
| TRADW Payable | 13.64 | 12.87 | 0.56 |
| Other Current Liab | 4.96 | 9.87 | 9.12 |
| NON CURRENTLIABILITIES | 2022 | 2023 | 2024 |
|---|---|---|---|
| Other Non Current Liab | 5.73 | 0.07 | 0.12 |
LIABILITIES
| EQUITY | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 266.75 | 266.75 | 266.75 |
| Other Equity | -146.36 | -204.75 | -197.70 |
| Total Equity | 120.39 | 62.00 | 69.05 |
| Total Liabilities & Equity | 120.39 | 62.00 | 69.05 |
|---|
| CASH FLOW STAT | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Cash Flow from operating | - | -14.46 | 44.25 | -9.64 |
| Cash Flow from financing | - | -0.63 | -0.58 | -0.57 |
| Cash Flow from investing | - | 15.19 | -44.32 | 10.24 |
| Net cash flow | 0.00 | 0.10 | -0.65 | 0.03 |
Revenue Growth
PAT Growth %
EPS Growth %
TOTAL ASSETS Growth %
QUICK RATIO Growth %
LONG TERM DEBT TO EQUITY RATIO Growth %
Shareholding Pattern
2026
| Name | Designation | Share % |
|---|---|---|
| Reliance Exchangenext Limited | NA | 16.33% |
| Central Warehousing Corporation | NA | 11.05% |
| Deputy Director (PMLA), Directorate Of Enforcement | NA | 9.04% |
| MMTC Limited | NA | 6.00% |
| Others | NA | 57.58% |
Events
| Name | Date | Details |
|---|---|---|
| No events available. | ||
Frequently Asked Questions
Like any other financial product or commodity, the price of unlisted shares is discovered at the intersection of demand from buyers and supply from sellers of particular unlisted shares.
The two determinants of price are dynamic factors and keep changing constantly, hence share price tends to fluctuate constantly – every day, every minute.
Upon successful completion of a deal, the unlisted shares are credited electronically directly to your standard demat account that is usually created with CDSL or NSDL (Central Depository Services Limited or National Securities Depository Limited).
The lock-in period of Purple Style Labs Limited varies depending on the category of the investor:
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Venture capital or foreign venture capital investors are subject to lock-in period of 6 months from the date of acquisition of shares
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For AIF investors of Category-II are not subject to any lock-in.
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Any other investor, including retail investors, HNI or corporate investors are subject to a lock-in period of 6 months from the date of listing.
Note – The above-mentioned lock-in is for mainboard, however for SME IPO the applicable lock-in period is 1 Year.
There is no regulatory minimum limit to invest in unlisted shares. However, minimum investment size varies with the per share price. Earlier, the typical investment size often ranges between 70K – 100K, but with the growing awareness and increased participation the investment size has been down sized to 50k.
Short-Term Capital Gain tax is applicable when you sell your unlisted shares within a year from date of acquisition. Realized gain is taxable at your slab rate after consolidating in total income for the year. Hence, the rate of tax depends on your overall income for the particular financial year.
Long-Term Capital Gain taxes are applicable when you sell your unlisted shares after two years from the date of acquisition. LTCG tax is calculated on profits realized on sale of unlisted shares at 12.5%. Investors particularly retail or HNI must understand the concept clearly as it impacts strategy and tax planning.
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You can download the NSDL or CDSL application and login into the account and check whether the shares have been credited or not.
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Credit of Unlisted Shares/Pre-IPO shares can be checked in brokers application as well but it takes T+2 days to show the shares.
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You would also get email confirmation of credit of shares via email
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The value of share in unlisted space is determined in the same way as it is done in the listed market. Demand and supply decide the price of any share. If the demand is more than the supply, then the price of the share increases and vice versa.
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When a new share is introduced in the unlisted space, the value of the company is decided upon the last funding raised by the company. If the company hasn’t raised any funding in the past, then the valuation is decided upon the fundamentals of the company.
Yes, investing in unlisted shares is legal in India, the activity is regulated and governed under the rules and guidelines laid by SEBI (Securities and Exchange Board of India). Related parties must comply with the regulations and guidelines to ensure legal and financial standards.
Investing in unlisted shares in India carries a significant and distinctive risk profile such as limited liquidity, lack of transparent pricing and regulatory oversight because unlisted shares do not trade on listed stock exchange, they are bought or sold in OTC (over the counter) market that makes vulnerable to following risks:
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Liquidity risk, unlisted shares are difficult to buy and sell,
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Lack of transparent pricing, as share price of pre-IPO or unl;isted company is often determined by narrative not fundamentals
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Lack of information disclosure, unlisted companies are not mandated for disclosures like listed companies
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Tax ambiguity, because determination of fair market value and cost of acquisition of unlisted shares is often disputed
Hence, investors should carefully examine related facts before investing in Pre-IPO or unlisted shares.