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 in August 2018.
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ICEX (Indian Commodity Exchange) Limited Unlisted Shares Details:
Total Available Shares: 5,000-5 lakh shares
Face Value: Rs 5 Per Equity Share
Lot Size: 500 shares
Current Unlisted Share Price: Rs 10-11 Per Equity Share. Best in industry
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.
ICEX offers commodity trading in following Products
Oil & Seeds
|Soya Bean Oil|
Non Agri Products
Some of Prominent shareholders are MMTC Ltd, Central Warehousing Corporation, Indian Potash Ltd, KRIBHCO, Punjab National Bank, IDFC Bank Ltd, Gujarat Agro Industries Corporation, Reliance Exchangenext Ltd, Bajaj Holdings & Investment Ltd, Gujarat State Agricultural Marketing Board, NAFED and Indiabulls Housing Finance Ltd.
Indian Commodity Exchange Unlisted shares details:
Sector: Commodity Exchange
Face Value: Rs 5
ICEX full form is Indian Commodity Exchange. The company encourages the participation of farmers, traders, and actual users and helps them in different aspects like price discovery, risk management, and supply chain management in the commodity exchange.
Merger with NMCE – In the financial year 2018-19, the honorable National Company Law Tribunal (NCLT) sanction the amalgamation of the National Multi-Commodity Exchange of India Limited (NMCE) with ICEX. This allows the automatic trade of commodities on NMCE on the ICEX platform by the operation of law. ICEX merged with the NMCE (National Multi Commodity Exchange of India Ltd) and it is the first merger deal in the commodity exchange of India. According to the merger, ICEX holds the 62.8% stake while the rest of 37.2% will be owned by the NMCE.
As per the requirements of SEBI and in consent with the former SECC regulations, 2012 the exchange signed an agreement with the Metropolitan Clearing Corporation of India Limited (MCCIL) and started outsourcing its services of clearing, settlement, deliveries, risk management to the MCCIL from October 1, 2018.
On July 11, 2019, another contract Paddy Basmati derivative was launched. The exchange remains active to introduce such contracts to maintain its position as an innovative exchange in the market.
ICEX Membership – Members play an important role and work as an interface between any exchange (ICEX) and the users. The transactions on the ICEX platform is executed between the registered members. The member of the commodity should maintain the high standard of integrity, appropriate staff, infrastructure along with following the agreement with the stringent capital adequacy requirements. Anyone who comes under the following category can become a member by following the right membership process including –
- Registered Partnership Firm
- Hindu Undivided Family (HUF)
- Individual/Proprietorship Firm
- Private Limited Company
- Public Limited Company
- Co-operative Societies
ICEX App – ICEX India has created a free software application available on Google Play Store and App Store. ICEX app is available in the English language and provides real-time information on the traded commodities and a lot more. The app is used to keep track of Futures & Spot Prices of ICEX traded Commodities in a real-time. The app is useful to watch real-time graphs, market depth, trade information.
For more details on ICEX:
Indian Commodity Exchange Limited is ideally positioned to leverage the huge potential of commodities market. It also encourage the participation of actual users to benefit from the opportunities of Hedging, Risk management and Supply chain management in the commodities markets.
Shares of Indian Commodity Exchange Limited can provide multibagger returns as shares are currently undervalued considering the huge market size, monopoly product and high entry barriers in exchange business.
IEX considering 15% stake in ICEX for Rs 150 crore: Report 29 April 2020
The Indian Energy Exchange (IEX) is reportedly considering a 15 percent stake, worth Rs 150 crore, in Reliance ADAG’s Indian Commodity Exchange.
ICEX relocates exchange warehousing facilities from Ghaziabad to Punjab – ET – 11 February 2020
Acting on market feedback, Indian Commodity Exchange Limited has relocated the steel futures contract by shifting basis centre from Ghaziabad (UP) to Mandi Gobindgarh (Punjab) from January 2020 contract and onwards. Market responded positively and the contract witnessed overwhelming response from market participants with a rise in trading volume, open interest and delivery.
ICEX turnover jumps 5-fold in 6 months to Rs 5,333 crore
ICEX witnesses 98% spurt in physical delivery