NCDEX plans IPO to provide exit option to early investors, raise capital

Apart from NSE, the largest shareholder with 15% stake, there are other investors who have been holding stakes since 2003. Some of them now want to flog their stakes

The National Commodity & Derivatives Exchange (NCDEX), India’s largest agri-centric commodities deri­vatives exchange, is planning to issue an initial public offering (IPO) in a bid to raise Rs 400-Rs 500 crore, sources in the exchange said.

With the IPO, the NCDEX, set up in 2003, looks to provide an exit option to some shareholders who are invested since long and raise growth capital.

Once listed, it will become the only listed commodities derivatives exchange after the Multi Commodities Exchange (MCX). In India’s exchange industry, it will be the third as the BSE is also listed.

The National Stock Exchange or