NCDEX approves IPO, plans to raise Rs 500 crore
NCDEX approves IPO, plans to raise Rs 500 crore The National Commodity and Derivatives Exchange, which is traded in the commodity market, ie NCDEX, has been allowed to launch an IPO. Securities and Exchange Board of India has approved NCDEX to launch an IPO of Rs 500 crore. According to the application documents of NCDEX, the company will issue new shares worth a total of Rs 100 crore in this IPO. In addition, 1.44 crore existing shares will be sold on the platform of stock exchanges through a sale offer. SEBI cleared NCDEX proposal on April 9. The company had applied to Sebi for this in February. This will be the third exchange to be listed in the market after BSE and MCX. In this issue, NCDEXK will hold current shareholders, Build India Capital Advisors LLP, Canara Bank, Indian Farmer Fertilizer Cooperative, Investcorp and Private Equity Fund-1 for its share sale offering. JP Capital Services, National Bank for Agriculture and Rural Develo...