| Name | Indian Commodity Exchange Limited (ICEX) Unlisted Shares |
|---|---|
| Short Name | ICEX Unlisted Shares |
| Sector | Exchange |
| Security Type | Unlisted Equity Shares |
| Face Value | ₹ 5 |
| ISIN Code | INE678L01012 |
| Available in Depository | CDSL & NSDL |
| ICEX Unlisted Share Price | ₹ 5.05 Per Equity Share |
| Lot Size | 2000 Shares |
| Minimum Investment | ₹ 10,000-20,000 |
| All Time High | ₹ 17 |
| All Time Low | ₹ 5 |
| Highlights | - SEBI regulated online commodity derivative exchange |
| PAN | AABCI9479D |
Indian Commodity Exchange Limited (ICEX) is SEBI regulated online Commodity Derivative Exchange. Headquartered at Mumbai, the Exchange provide nationwide trading platform through its appointed brokers.
Indian Commodity Exchange (ICEX) launched world’s first ever Diamond derivative contracts. Indian Commodity Exchange (ICEX) aims to provide futures trading products in India’s all economically relevant commodity. At present it offers futures contract in Diamond. Providing desired price risk hedging solution to the trade through innovative contract designing forms core value of Indian Commodity Exchange (ICEX).
According to the company, Indian Commodity Exchange (ICEX) is ideally positioned to leverage the huge potential of commodities market and encourage participation of actual users to benefit from the opportunities of hedging, risk management and supply chain management in the commodities markets.
Indian Commodity Exchange (ICEX) is the first Exchange in India to adopt global hi-tech platform that ensures automatic and seamless switch-over from its Data Center (DC) to the Disaster Recovery (DR) site with zero data loss in case of exigencies. The technology platform has highly optimized processing techniques, which enables the system to handle very large orders with latencies under 300 microseconds.
Key Shareholders:
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
Indiabulls Housing Finance Ltd.
Key Developments Pertaining to ICEX Operations
According to media reports in the beginning of year,2022 – Indian Commodity Exchange | ICEX will shut down its commodity operations and they had applied market observer SEBI as Indian Commodity Exchange does not have the requisite funds to meet the regulatory criteria. SEBI is likely to keep Indian Commodity Exchange plea in abeyance for a year as per the rules.
In a 14-page ruling, SAT stated that the trade become now no longer accused of any unlawful pastime along with defrauding buyers or misusing its popularity as a inventory trade for vested gains.
SAT has given ICEX twelve months to convey withinside the required price range and meet Sebi norms. However, till the net worth standards are met, ICEX has been requested to maintain its buying and selling operations closed. ICEX had voluntarily closed its buying and selling operations in March 2022 and presently is handiest supplying mutual fund-associated products.
Read More at – The Economic Times Article
Indian Commodity Exchange (ICEX) Financial Performance FY22-23:
Source: Indian Commodity Exchange (ICEX) Annual Report FY2022-23
REVIEW OF EXCHANGE PERFORMANCE, OPERATIONS AND OVERVIEW:
(Source: Indian Commodity Exchange (ICEX) Annual Report FY2022-23)
During the fiscal year 2022-23 under review, Indian Commodity Exchange (ICEX) temporarily suspended its trading operations for the Commodity Segment and Mutual Fund transactions, starting from April 01, 2022, and April 14, 2022, respectively. Additionally, the Securities and Exchange Board of India (SEBI), the regulatory authority, withdrew the permanent recognition granted to ICEX through an order dated May 10, 2022. This withdrawal came into effect from May 18, 2022, following the official gazette notification.
In response to this development, ICEX filed an appeal with the Securities Appellate Tribunal (SAT) against SEBI’s order dated May 10, 2022. Subsequently, SAT issued an order dated June 13, 2022, setting aside SEBI’s order and granting ICEX a one-year window to revive the exchange. This included raising necessary funds and ensuring compliance with statutory regulations such as the SCR Act, 1964, SEBI Act, 1992, SECC Regulation, 2018, and any subsequent amendments.
ICEX had also sought SEBI’s approval to allow new investors to hold up to a 51% stake in the exchange’s equity shares for a period of three to five years to facilitate fundraising. However, this request was not approved by the regulator.
In light of these circumstances, the Board of ICEX, in a meeting held on February 14, 2023, approved the voluntary surrender of recognition granted by SEBI and decided to discontinue its Commodity derivatives business. This decision was further ratified during the Extraordinary General Meeting (EOGM) held on May 24, 2023, and subsequently submitted to the regulator. Consequently, there were no trading or other activities conducted by ICEX in the fiscal year 2022-23.
Upon exiting the Commodity business and ensuring compliance with SEBI guidelines, the management of ICEX will explore alternative business avenues that are most suitable given the limited funds available to the exchange.
FY2021-22 Performance:
The operating income of Indian Commodity Exchange (ICEX) for FY 2021-22 was ₹ 1.22 Crore as against ₹1.42 Crore in F.Y 2020-21. Other income during F.Y 2021-22 was ₹0.85 Crore as against ₹2.42 Crore in the F.Y 2020-21. The net loss after tax for the year ended March 31, 2022 stood at ₹ 21.73 Crore as against ₹25.67 Crore for the year ended March 31, 2021.The net worth (including Exchange’s initial Settlement Guarantee Fund contribution) as at March 31, 2022 stood at ₹ 81.96 Crore.
The average daily turnover during F.Y 2021-22 was ₹0.54 crores (single side) with a total of 36 clients traded on the Exchange. The total turnover of commodity future traded on our exchange stood at 138.66 crores in F.Y. 2021-22.
Imapct of Covid:
Gobsmacked by 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 Indian Commodity Exchange (ICEX) derivatives trading. Since all Indian Commodity Exchange (ICEX) contracts were delivery based, liquidity and volume of the derivatives were impacted negatively. For a two-year-old exchange which was focussing on unique, innovative delivery-based contracts, which were in tandem with the regulator’s thought process, and were so relevant to the Indian physical market commodity eco-system; this once-in-a century global crisis was too severe not to impact the fledging exchange! ICEX volume soon dried up, thus severely impacting the revenue.
Source – Indian Commodity Exchange (ICEX) annual report FY2021-22
| Particulars | FY2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Revenue from operations | 2,462.11 | 12,260.05 | 14,227.79 | 32,278.59 | 18,987.13 |
| Other Income | 15,829.42 | 8,593.91 | 24,252.52 | 48,433.15 | 1,04,668.06 |
| Total Income | 18,291.53 | 20,853.96 | 38,480.31 | 80,711.74 | 1,23,655.19 |
| Employee benefits expense | 28,411.58 | 53,534.45 | 84,519.14 | 142,126.36 | 1,52,537.26 |
| Operating cost | 17,869.00 | 108,138.18 | 111,573.96 | 98,191.03 | 83,054.09 |
| Finance Cost | 677.58 | 1,027.70 | 603.08 | 592.74 | - |
| Depreciation and amortisation expense | 100,433.79 | 37,742.29 | 43,563.95 | 44,410.41 | 39,536.67 |
| Total Expenses | 601,016.28 | 238,223.57 | 295,138.76 | 5,03.938.26 | 4,09,322.28 |
| Profit/(Loss) before tax | (582,724.75) | (217,369.61) | (256,658.45) | (4,23,226.52) | (2,85,667.09) |
| Profit/(Loss) for the year | (586,051.91) | (217,369.61) | (256,658.45) | (4,23,226.52) | (2,85,667.09) |
| EPS (In INR) | (1.10) | (0.41) | (0.48) | (0.79) | (0.54) |
*Rates mentioned in the chart are indicative.
The trend indicator above has been derived from the current demand/supply of ICEX Unlisted Shares. The trend has a tendency to change anytime depending on the market conditions and other events. This indicator must not be construed as any recommendation to buy/sell/hold.
Total Number of Outstanding Shares: 533,507,476 (As per Indian Commodity Exchange Annual Report FY 2022-23)
Market Cap Scenarios:
At 4 Rs/Share, ICEX Unlisted Shares values the company at approx. Rs. 213 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of ICEX unlisted shares.
At 6 Rs/Share, ICEX Unlisted Shares values the company at approx. Rs. 320 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of ICEX unlisted shares.
At 8 Rs/Share, ICEX Unlisted Shares values the company at approx. Rs. 427 crores.
This are just pre-defined scenarios, since the market cap is variable to price, you can calculate the latest market cap based on the ongoing rates of ICEX unlisted shares.
Source: Indian Commodity Exchange (ICEX) Annual Report FY2022-23
Source – indian Commodity Exchange (ICEX) Annual Report FY 2022-23
| Name | Listing Status |
|---|---|
| Bombay Stock Exchange - BSE | Listed |
| Metropolitan Stock Exchange of India - MSEI | Unlisted |
| Multi Commodity Exchange - MCX | Listed |
| National Stock Exchange - NSE | Unlisted |
No information found for Indian Commodity Exchange (ICEX) Dividend
No information found for Indian Commodity Exchange (ICEX) Rights Issue
No information found for Indian Commodity Exchange (ICEX) shares Buyback
No information found for Indian Commodity Exchange (ICEX) shares split
Process of Buying ICEX Unlisted Shares
Get connected with us and inquire for the ICEX Unlisted Shares
We will quote the current prevailing market rates of the ICEX Unlisted Shares (Subject to availability)
If you agree on the rate and quantity, we will send our bank details. (Please note, we accept payment only through bank)
Buyer transfers the fund in our bank account and buyer also need to send their demat details (for initiating share transfer process)
Post receiving funds and demat details, we initiate transfer of ICEX unlisted shares. The shares usually gets transferred on same/next working day in your demat account
For detailed buying process, refer here
The minimum lot size for investing in ICEX Unlisted Shares is 2000 Shares
The Lock-in period for ICEX Unlisted Shares will be Six Months. The Lock-in period starts from the date of IPO allotment
As per the SEBI guidelines, lock-in period for Pre IPO shares is six months. The lock-in period starts from the date of allotment of IPO. During the lock-in period, the shares remain in your account but are marked as locked. After six months, the shares automatically gets unlocked and one can sell it normally on stock exchanges like any other listed shares
Yes, buying ICEX Unlisted Shares is completely legal
You can regularly check the updated price of ICEX Unlisted Shares at our Website and on our Telegram Channel
At Unlisted Arena, you can buy ICEX Unlisted Shares and many such Pre IPO Shares easily at most reasonable rates with a hassle-free process. Unlisted Arena is India’s leading dealer in Unlisted & Pre IPO Shares
You can sell ICEX Unlisted Shares:
Before IPO: You can sell ICEX Unlisted Shares before IPO too. You need to have a buyer for this shares. We can also help you to liquidate your holdings of unlisted shares.
After IPO: Once the lock-in period is complete, you can sell the shares on stock exchanges(NSE/BSE) just like any other listed shares
There are two methods to transfer ICEX Unlisted Shares
Method 1 – Offline Transfer
In this method, you must have a Delivery Instruction Slip (DIS) book which is provided by your broker. All the demat broking companies have its own DIS book. Along with DIS, there is an annexure which is to be submitted by the seller. Annexure too is provided by the demat broking company. After filing DIS and annexure, duly signed by the seller, they are to be handed over to your respective broker. Post that, your broker will process the request and transfer the shares as per details provided
Method 2 – Online Transfer
One can also transfer shares online through E-DIS/Off Market share transfer. The client must check with their respective brokers if they provide such facility. One can also transfer shares through CDSL easiest (for CDSL Demat) and NSDL Speed-E (For NSDL Demat) after registering into it
Yes, ICEX Unlisted Shares are in demat form just like listed shares. You can buy and store them in your demat account. Like listed shares, Unlisted Shares also have their ISIN code so that you can verify the authenticity of shares
Once the process is complete, ICEX Unlisted Shares will reflect in your demat account. The shares usually gets reflected in your Depository holdings (DP Holdings). You can check it in your stock brokers app/website. The shares are also shown on your DP transactions and holding statement.
You can also check your holdings in the following:
If you have CDSL Demat Account – CDSL Myeasi app
If you have NSDL Demat Account – NSDL Speed-E
Many investors do ask ‘How to buy ICEX Unlisted Shares in Zerodha, Angel One, Upstox, etc?’
You can buy ICEX Unlisted Shares in any demat account with any broking company
When it comes to delivery of unlisted shares- Be assured as Unlisted Arena is the fastest in delivering shares. Once the process is completed, we usually deliver the shares on same day or the next working day. i.e T day or (T+1) working day
Short Term Capital Gains Tax: If unlisted shares are sold in 24 months or less, gains from such sale are taxed at the slab rate
Long Term Capital Gains Tax: If unlisted shares are sold after holding for more than 24 months, gains on such sale will be taxed at 20% after indexation
Tax on Capital Gains on Unlisted Shares that are sold after getting listed: The tax rates will be the same as that on purchase and sale of listed shares.
That is, the long-term gains (shares sold after holding for more than one year) will be taxed at 10% after a threshold of ₹ 1 lakh per financial year.
Short-term gains (gains on selling shares in one year or less) will be taxed at 15%
For listed shares, there are numerous applications and website which shows the market capitalization of shares. But no need to worry, we have included market capitalization scenarios on our website which shows market cap/valuations of the company based on prevailing Unlisted Shares rates. In addition, we have also mentioned total number of shares so that you can easily calculate current market cap quickly without putting much efforts. Click here to see the valuations of ICEX Unlisted Shares
Quick tip: Market Cap= Total Outstanding shares x Price per share
You can easily check latest developments, news related to ICEX Unlisted Shares on our website without any sign up or login. Click here to know about latest news and happenings
Unlisted Arena is a prominent name which facilitates Unlisted Shares & Pre IPO Shares safely and securely. All the transactions are done through bank accounts where no third parties are involved. Unlisted Arena always quotes transparent rates and is also known for its fastest delivery of Unlisted Shares and Pre IPO Shares. Unlisted Arena gets featured regularly in India’s top most financial publications. You can check media coverage of Unlisted Arena here
ICEX is an Unlisted Company
Yes, NRIs can also buy and sell ICEX Unlisted Shares just like domestic investors. But their investment is on a non-repatriable basis
Like any listed shares, Unlisted Shares price is also determined by demand-supply of Unlisted Shares. Higher the demand, higher the price and vice-versa. The rates of Unlisted Shares are also derived from its performance, corporate actions such as declaration of results, bonus, dividend, etc. Another important aspect is share price/valuation of its listed peer. If the listed business is identical, unlisted companies share price/valuation will too be in similar fashion
At Unlisted Arena, we charge Zero Brokerage/Charges. The rates quoted by us are- net rates, i.e., you do not need to pay any brokerage or charges
One can buy ICEX Unlisted Shares in any demat account – no matter with which broker you have a demat account. There is no need for separate/special demat account for buying Unlisted Shares
Unlisted Arena sources ICEX Unlisted Shares from existing investors looking to liquidate their investment
Yes, you are eligible to get dividend, bonus and/or any other corporate actions declared by the company. You need to hold the Unlisted Shares in your demat account on the record date declared by the company to be eligible for such corporate actions
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