ICEX (Indian Commodity Exchange) Limited Unlisted Shares

ICEX (Indian Commodity Exchange) Limited Unlisted Shares

Fundamentals

ICEX (Indian Commodity Exchange) Limited
₹4.00125 Per Equity Share

Lot Size 5000 Shares
52 Week High 7.75
52 Week Low 4.00125
Depository NSDL & CDSL
PAN Number AABCI9479D
ISIN Number INE678L01012
CIN U67120GJ2008PLC099142
RTA KFin Technology
Market Cap (in cr.) 213
P/E Ratio 66.69
P/B Ratio 0
Debt to Equity -0
ROE (%) -22.56
Book Value -0.16
Face Value 5
Total Shares 533507476

P&L Statement

P&L Statement 2021 2022 2023 2024
Revenue 1 1.2 0.24 0.01
Cost of Material Consumed 0 11 1.7 0.01
Change in Inventory 0 0 0 0
Gross Margins 100 -816.67 -608.33 -66.67
Employee Benefit Expenses 8 5.3 3 3.5
Other Expenses 16 4 45 2.2
EBITDA -23 -19.1 -49.46 -5.7
OPM -2300 -1591.67 -20608.33 -95066.67
Other Income 2 0.8 1.5 9.6
Finance Cost 0 0 0 0.07
D&A 4 4 10 0.9
EBIT -27 -23.1 -59.46 -6.6
EBIT Margins -2700 -1925 -24775 -110066.67
PBT -26 -22 -58 3
PBT Margins -2600 -1833.33 -24166.67 50000
Tax 0 0 0.3 0
PAT -26 -22 -58.3 3
NPM -2600 -1833.33 -24291.67 50000
EPS -2600 -0.41 -1.09 0.07

Financial Ratios

Financial Ratios 2021 2022 2023 2024
Operating Profit Margin -2300 -1591.67 -20608.33 -95066.67
Net Profit Margin -2600 -1833.33 -24291.67 50000
Earning Per Share (Diluted) -0.49 -0.41 -1.09 0.07

Balance Sheet

Assets 2021 2022 2023 2024
Fixed Assets 6 55 2.2 2.3
CWIP 0 0 0 0
Investments 29 14 22 15
Trade Receivables 2 1 0 0
Inventory 0 0 0 0
Other Assets 124 75 60.8 61.7
Total Assets 161 145 85 79

Liabilities

Liabilities 2021 2022 2023 2024
Share Capital 266.7 266.75 266.7 226.7
FV 5 5 5 5
Reserves -163 -184 -243.3 -240
Borrowings 0 0 0 0
Trade Payables 10 13.6 13 0.5
Other Liabilities 47.3 48.65 -243.3 91.8
Total Liabilities 161 145 85 79

Cash-Flow Statement

Cash-Flow Statement 2021 2022 2023 2024
PBT -26 -22 -58 3
OPBWC -24 -19 -6 5.6
Change in Receivables -2 0.7 2.2 1.2
Change in Inventories 0 0 0 0
Change in Payables 5 4.4 -1.5 -6
Other Changes 0 -0.5 49.7 -10.1
Working Capital Change 3 4.6 50.4 -14.9
Cash Generated From Operations -21 -14.4 44.4 -9.3
Tax 0 -0.1 -0.2 -0.3
Cash Flow From Operations -21 -14.5 44.2 -9.6
Purchase of PPE -3 0 0 -0.02
Sale of PPE -12 0 0 0.87
Cash Flow From Investment 0 15.2 -44.3 10.2
Borrowing 0 0 0 0
Dividend 0 0 0 0
Equity 0 0 0 0
Others From Financing 0 -0.6 -0.5 -0.56
Cash Flow from Financing 0 -0.6 -0.5 -0.56
Net Cash Generated -33 0.1 -0.6 0.04
Cash at the Start 34 0.6 0.7 0.1
Cash at the End 1 0.7 0.1 0.14

Shareholding Pattern

Reliance Exchangenext Limited 16.33%
Central Warehousing Corporation 11.05%
Deputy Director (PMLA), Directorate Of Enforcement, Ahmedabad 9.04%
MMTC Limited 6.00%
Indiabulls Housing Finance Limited 5.62%
Others 51.96%
Reliance Exchangenext Limited 16.33%
Central Warehousing Corporation 11.05%
Deputy Director (PMLA), Directorate Of Enforcement, Ahmedabad 9.04%
MMTC Limited 6.00%
Indiabulls Housing Finance Limited 3.47%
Other 54.11%
Reliance Exchangenext Limited 16.33%
Central Warehousing Corporation 11.05%
Deputy Director (PMLA), Directorate Of Enforcement, Ahmedabad 9.04%
MMTC Limited 6.00%
Others 57.58%
Reliance Exchangenext Limited 16.33%
Central Warehousing Corporation 11.05%
Deputy Director (PMLA), Directorate Of Enforcement, 9.04%
MMTC Limited 6%
Others 57.58%

Promoters or Management

Name Designation Experience LinkedIn Profile
Sushil Kumar Agrawal Chairman 45
Ranjit Samantaray Whole-time Director & COO 15
Tridib Swain CEO 20 yrs
Vaishali Vishwas Kale Director 10

Indian Commodity Exchange Limited (ICEX) is a recognized national-level commodity derivatives exchange in India, offering a regulated platform for trading a variety of commodity contracts. Known for being the world’s first exchange to launch diamond futures, ICEX carved a unique niche in the commodities market by introducing innovative and structured products aimed at bringing transparency to traditionally opaque sectors. The exchange operates under the regulatory oversight of SEBI and provides secure, technology-driven trading infrastructure. Through its advanced trading systems, risk management frameworks, and clearing and settlement mechanisms, ICEX supports smooth participation for traders, hedgers, and investors across the commodities ecosystem.

From a business standpoint, ICEX focuses on expanding its product portfolio, enhancing liquidity, and partnering with various industry stakeholders to strengthen its market presence. The exchange has diversified into multiple commodity segments, including agricultural products, metals, and energy, with an aim to serve producers, processors, exporters, and corporate hedgers. Its emphasis on robust technology and stringent compliance standards builds trust among market participants. Furthermore, ICEX continues to work on increasing membership, improving contract design, and encouraging institutional participation to deepen market penetration. Despite competition from larger exchanges, ICEX has maintained its relevance by prioritizing niche offerings, strategic innovation, and participant-centric solutions.

In the unlisted market, ICEX’s shares draw attention from investors due to its growth potential in India’s expanding commodity derivatives space, driven by increasing financialization of commodities, rising hedging needs, and evolving regulatory frameworks. The exchange’s efforts to enhance trading volumes, diversify products, and deploy advanced technology contribute to expectations of long-term value creation. As commodity markets continue to mature and more industries adopt hedging practices, ICEX is positioned to benefit from higher participation and growing market depth. For investors seeking exposure to the commodity exchange segment with long-term potential, ICEX’s unlisted shares offer an attractive opportunity supported by innovation, regulatory strength, and strategic growth focus.

FAQa about ICEX (Indian Commodity Exchange) Limited Unlisted Shares


Q:1 How do I confirm my booking for ICEX Unlisted Shares?Answer: You can confirm your booking by contacting us and confirming the trading price for ICEX (Indian Commodity Exchange) Limited Unlisted Shares.

Q:2 What documents do I need to provide for purchasing ICEX Unlisted Shares?Answer: You need to provide your client master report, PAN Card, and a cancelled cheque unless you are transferring funds from the bank account as mentioned in the CMR Copy.These documents are required for KYC compliance as per SEBI regulations.

Q:3 How will I receive the bank details for the payment?

Answer: We will provide you with the necessary bank details once you confirm your booking for the ICEX Unlisted Shares.

Q:4 What payment methods are accepted for purchasing ICEX Unlisted Shares?Answer: Payments can be made via RTGS, NEFT, IMPS, or cheque transfer.Please note that cash deposits are not accepted.

Q:5 Can I pay for the ICEX Unlisted Shares from any bank account?

Answer: No, the payment must be made from the same account where the shares will be credited.

Q:6 Is there a specific timeframe for making the payment after booking?Answer: While the specific timeframe may vary, it is advisable to complete the payment as soon as you confirm your booking to avoid any delays.

Q:7 What happens if I do not provide the required KYC documents?Answer: If you do not provide the required KYC documents, your transaction may be delayed or canceled as they are necessary for compliance with SEBI regulations.

Q:8 Can I change my bank account after confirming the booking for ICEX Unlisted Shares?Answer: No, you cannot change your bank account once you have confirmed the booking.The payment must come from the account specified in the KYC documents.



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