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. Dharawat Securities is market leader in buying and selling of ICEX Unlisted Shares at best rates.
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Indian Commodity Exchange Unlisted shares details:
Sector: Commodity Exchange
Face Value: Rs 5
ISIN: INE678L01012
Lot Size : 500 shares
Share Price : Rs 5 per equity share
Important Developments –
ICEX has requested the Sebi to permit the Exchange to have a single investor to hold up to 51% for a period of five years from date of investment or till such time as the amended SECC Regulations, 2018 permit, whichever is later. This will help the exchange in raising funds and complying with necessary regulations required for revival.
On receipt of SEBI’s approval, the management is confident the requisite fund to commence the operations and MF transactions. The Management is also exploring the taking up other businesses relevant to its businesses to complete the echo system for a better synergy.
Company Business:
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
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Agri Products
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Spices
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Black Pepper |
| Cardamom | ||
|
Oil & Seeds
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Castor Seed | |
| Copra | ||
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Rape/Mustard Seed
|
||
| Soya Bean Oil | ||
| Plantation | Rubber | |
|
Fiber
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Raw Jute | |
| Jute Sack | ||
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Others
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Guar Seed | |
| Isabgul Seed | ||
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Non Agri Products
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Diamond | |
| Steel |
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.
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 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 – The company has created a free software application available on Google Play Store and App Store. The 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 traded Commodities in a real-time. The app is useful to watch real-time graphs, market depth, trade information.
Market Timing – Trading Sessions
| Monday To Friday | |
| Agri Commodities | 09:00 A.M. to 5:00 P.M. |
| Non-Agri Commodities | 09:00 A.M. to 11:30 P.M./11:55 P.M. |
| (Up to 11:55 P.M. on account of day light savings typically from November to March) | |
ICEX IPO – Know Current Share Price, Broker List, main charts, Latest News. Buy Sell Indian Commodity Exchange Limited Unlisted Shares at best prices from Dharawat Securities at https://buysellunlistedshares.com/
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The company has started a Mutual Fund Distribution business and its related activities during the financial year 2019-20. The average daily turnover during the financial year rose to Rs 156.41 crores from Rs 93.62 crore in previous year. The commodity exchange has a national reach with 138 SEBI registered members, having 1298 Authorised Persons, operating through 3340 terminals including Computer to Computer Link (CTCL) across 329 cities/towns across India as of March 31, 2020.
Diamond trading margin is just Rs 35 for 1 Lot of Diamond 1 carat.
Benefits of trading in ICEX are – Low Carry Forward Margin of Only 5%,
Daily Average Movement of Rs 15 To Rs.20
100% Correlated With USDINR
Minimum Margin To Trade
Good Market Movements
Good Liquidity
Recent Update based on FY 2022 financials:
During the F.Y. 2021-22, the Exchange has operating income of ₹ 1.22 Crore. The net loss after tax for the year ended March 31, 2022 stood at ₹ 21.73 Crore. The net-worth of the Exchange as on March 31, 2022 was ₹81.96 crores.
The Covid-19 pandemic induced lockdown across the Country forced the closure of the underlying physical market indefinitely, thus impacting the discovery of spot market price, gravely affecting the ICEX derivatives trading. Since all ICEX contracts were delivery based, liquidity and volume of the derivatives were impacted negatively.
Recent Update based on FY2021 financials:
Financial Year 2020-21 was an extraordinary year by any measure. It was a year of a global pandemic, a global recession and tough regulatory measures. The management, considering the present liquidity situation and availability of funds is working on a detailed business plan addressing both the short-term constraints and future growth opportunities.
In line with our plans, the Board is proposing the following: 1. Short Term Focus: i. Augmentation of liquidity through release of Rs 50 crore capital from release of Settlement Guarantee Fund (SGF). Management at the instruction of the Board to approach SEBI for the same.
ii. Focus on immediate and capital efficient opportunity of mutual fund transactions. This will ensure optimal utilization of limited capital in the short term and improvement in profitability.
iii. Further strengthening the Board and processes
2. Long Term Focus: i. Capital raising and renewed focus on commodities along with mutual fund transactions.
The company is presently working on detailed roadmap for future profitability and sustainable growth.
The average daily turnover of ICEX during F.Y 2020-21 was Rs 6.54 crores (single side) with a total of 1960 clients traded on the Exchange. The total turnover of commodity futures traded on your Exchange stood at Rs 1,666.17 crores in F.Y 2020-21. ICEX has national reach with 134 SEBI registered members, having 1114 Authorized Persons, operating through 3444 terminals including Computer to Computer Link (CTCL) across 341 cities / towns across India as at March 31, 2021.
In Mutual Fund transaction platform, the Exchange proposes to enhance its transaction-volume from 1.2 crores per annum to 15.19 crores per annum, thereby earning a transaction fee of Rs. 45.56 cores at the end of FY 2025-26. The operating revenue of the MF platform will be in blue from FY 2024-25 itself.
The Company is making efforts which shall help in reducing losses. The Company is working to further control the cost in the ongoing year viz., FY 2020-21. Further, the Mutual fund segment which is the Exchange’s new segment of business is showing a satisfactory growth since it got started. The Exchange is also focusing on launching of new and innovative products into the markets. The Exchange has plans to introduce innovative contracts from time to time and keep its position as an innovative Exchange.
On December 27, 2019 the Exchange launched ICEX MF Platform, a mutual fund platform to facilitate transactions in Mutual Fund. SEBI has permitted ICEX to launch Mutual Fund distribution, using the Exchange infrastructure and the Exchange has commenced the Mutual Fund distribution service (MFDS) from December 27, 2019.
The Exchange with the support of its well experienced management team has successfully setup its infrastructure and technology. ICEX 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. The upgraded technology platform has advanced surveillance and risk management features at par with global best practices.
For more details on ICEX:
The Exchange is ideally positioned to leverage the huge potential of the commodities market and encourage participation of farmers, traders and actual users to benefit from price discovery, risk management and supply chain management in the commodity markets.
Commodity is now recognised as an asset class and commodity futures provides the window to the market participants for this new asset class other than equity, bond and physical real estate market. It provides an opportunity to hedging and also diversifies investor’s portfolio.
With increase in economic growth coupled with volatility in the commodity prices, corporates would like to hedge their price risk on the exchange so that they become more competitive not only domestically but also in the international market.
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.
Recent reports indicated that Indian Energy Exchange Ltd (IEX) is considering a 15% stake, worth Rs 150 crore, in Reliance ADAG’s Indian Commodity Exchange (ICEX). IEX Share Price has gone up sharply after this report. Hence, it is likely to be positive development for ICEX as well.
About ICEX
Indian Commodity Exchange Ltd | CIN : U67120GJ2008PLC099142
Corporate Office: Reliable Tech Park, 403-A, B-Wing, 4th Floor,
Thane-Belapur Road, Airoli (E), Navi Mumbai – 400708, India
Registered Office: 1st Floor, Office-109, Blue Diamond, Nodh No: 1158
to 63/65/9, Hat Faliyu, Mahidharpura, Surat, Gujarat-395003, India
Latest updates:
SAT sets aside SEBI’s direction to derecognise ICEX – 16 June 2022
The Securities Appellate Tribunal (SAT) has set aside Sebi’s direction that derecognised Indian Commodity Exchange Limited (ICEX) as a bourse on certain conditions, including raising requisite funds within one year. The tribunal noted that COVID-19-induced lockdown completely stopped physical trading in the commodity sector especially the appellant exchange which was doing delivery based contracts.
Among the ICEX’s 226 shareholders are Central Warehousing Corporation, MMTC, Indian Potash and Bajaj Holding and Investment. SAT held that Sebi’s approach in cancelling the ICEX’s licence was “harsh and arbitrary.”
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.
https://buysellunlistedshares.com/icex-msei-initiate-merger-talks/
ICEX turnover jumps 5-fold in 6 months to Rs 5,333 crore
https://buysellunlistedshares.com/icex-turnover-icex-share-price-buy-sell/
ICEX witnesses 98% spurt in physical delivery