This sentiment meter reflects current demand-supply conditions in the unlisted market.
It is not a rating and should not be considered advice to buy, sell, or hold.
Sentiments are subject to rapid change and may not be real-time.
NCDEX Unlisted Shares - Create Price Alert
Want to stay updated? Add your target price and email, and we'll notify you.
NCDEX Unlisted Shares Details
NCDEX Unlisted Shares Price
₹358
Lot Size
100 Shares
Min. Investment
₹35,800
Valuation
Market Cap
₹3,211.08 Cr
Total Shares
8,96,94,973
P/E Ratio
-
P/B Ratio
2.16x
Performance & Health
ROE
(3.99)%
EPS
₹(6.36)
Debt/Equity
0
Book Value
₹165.77
Corporate Identity
Sector
Stock Exchange
Availability in Depository
CDSL & NSDL
Face Value
₹10.00
ISIN Code
INE127G01010
PAN
AABCN7696K
CIN
U51909MH2003PLC140116
Registrar (RTA)
MUFG INTIME INDIA PRIVATE LIMITED
NCDEX Unlisted Shares Price
₹358
Lot Size
100 Shares
Min. Investment
₹35,800
Valuation
Market Cap
₹3,211.08 Cr
Total Shares
8,96,94,973
P/E Ratio
-
P/B Ratio
2.16x
Performance & Health
ROE
(3.99)%
EPS
₹(6.36)
Debt/Equity
0
Book Value
₹165.77
Corporate Identity
Sector
Stock Exchange
Face Value
₹10.00
ISIN Code
INE127G01010
PAN
AABCN7696K
Availability in Depository
CDSL & NSDL
CIN
U51909MH2003PLC140116
Registrar & Transfer Agent (RTA)
MUFG INTIME INDIA PRIVATE LIMITED
Understand Fundamentals
Premium
ArenaX Toolkit
📊Rev/Share
💰Returns
About National Commodity and Derivatives Exchange (NCDEX)
NCDEX (National Commodity & Derivatives Exchange Limited) is one of India’s leading commodity exchanges, offering a technology-enabled platform for commodity derivatives trading. Established in 2003, NCDEX plays a significant role in India’s comm...
NCDEX (National Commodity & Derivatives Exchange Limited) is one of India’s leading commodity exchanges, offering a technology-enabled platform for commodity derivatives trading. Established in 2003, NCDEX plays a significant role in India’s commodity market ecosystem by facilitating transparent price discovery and efficient price risk management across agricultural and non-agricultural commodities.
NCDEX provides a diversified range of products including commodity futures, options in goods, and commodity index futures. The exchange is widely recognised for its strong presence in agricultural commodities, where NCDEX benchmark prices are closely tracked by traders, businesses, and market participants across domestic and international markets.
Operating under the regulation of the Securities and Exchange Board of India (SEBI), NCDEX focuses on building a reliable, transparent, and technology-driven trading infrastructure. The exchange was among the first domestic exchanges in India to operate from an Uptime-certified Tier-IV data centre, reflecting NCDEX’s strong emphasis on technology, operational efficiency, and secure trading systems.
The NCDEX Group also offers integrated market infrastructure services through its subsidiaries, including clearing and settlement services, repository solutions, and e-auction platforms. These services strengthen the overall commodity trading ecosystem and improve market accessibility for participants across the value chain.
NCDEX continues to contribute towards the development of India’s agricultural sector by supporting better market connectivity, improving price transparency, and enabling wider participation in commodity markets. The exchange is backed by reputed institutional shareholders including Life Insurance Corporation of India (LIC), National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Limited (NSE), Canara Bank, and Punjab National Bank (PNB).
Today, NCDEX remains an important player in India’s commodity derivatives market with a strong focus on innovation, market development, and technology-led growth.
Commodities traded on NCDEX:
NCDEX Financial Performance FY 2024-25
NCDEX reported a challenging yet resilient financial performance during FY 2024-25 amid volatility in global commodity markets and continued suspension of key derivative contracts. Despite lower trading activity in certain commodities, NCDEX continued to focus on product diversification, technology-driven growth, and strengthening participation across the commodity derivatives ecosystem.
NCDEX FY 2024-25 Financial Highlights
Total income of the NCDEX Group for FY 2024-25 stood at ₹12,206 Lakhs, reflecting a decline of 10% compared to FY 2023-24.
Total expenses of the NCDEX Group increased by 5% year-on-year to ₹19,701 Lakhs during FY 2024-25.
The highest single-day turnover recorded by NCDEX during FY 2024-25 reached ₹1,261 Crores.
The Average Daily Traded Volume (ADTV) on NCDEX stood at ₹599 Crores in FY 2024-25 compared to ₹848 Crores in FY 2023-24.
The top traded commodities on NCDEX during FY 2024-25 included:
Guar Seed
Guar Gum
Turmeric
Cotton Cake
Castor Seed
NCDEX Business Performance FY 2024-25
FY 2024-25 witnessed significant volatility across global commodity markets due to changing policy frameworks, price fluctuations, and supply chain disruptions. While several international markets faced pressure due to food security concerns and trade restrictions, Indian agricultural markets remained comparatively resilient.
India’s grains and pulses production increased to 353.96 million tonnes during FY 2024-25, reflecting growth of 21.6 million tonnes over the previous financial year. Domestic food exports also recorded growth of 6.4%, while global grains trade declined by 7% during the same period.
Despite continued suspension of several key derivative contracts, NCDEX maintained focus on innovation, diversification, and strengthening existing product segments. The exchange continued to expand participation across commodity options and agricultural derivatives markets.
NCDEX Business Updates
NCDEX continued to operate in a challenging regulatory environment during FY 2024-25 as suspended commodity contracts remained under extension until March 31, 2025.
Key business developments during FY 2024-25 include:
Average daily traded volumes on NCDEX declined by 29% compared to the previous financial year.
Average daily open interest (ADOI) declined by 9% year-on-year.
Hedging participation on NCDEX remained relatively stable, while intraday participation declined due to lower volatility in major commodities such as Guar Seed and Guar Gum.
NCDEX continued expanding its commodity options segment and introduced growth initiatives across existing products.
Commodities including Castor Seed, Kapas, Coriander, and Turmeric recorded positive growth in average open interest during FY 2024-25.
The Castor Seed contract emerged as a strong performer with:
4% increase in Average Daily Traded Volume (ADTV)
23% increase in Average Daily Open Interest (ADOI)
NCDEX Future Outlook
NCDEX continues to focus on expanding its presence in commodity options and strengthening risk management solutions for farmers, traders, and Farmer Producer Organizations (FPOs). The exchange remains actively engaged in policy advocacy efforts related to suspended commodity contracts.
Looking ahead, NCDEX plans to diversify its offerings through the launch of new market segments and innovative products, including weather derivatives aimed at managing climate-related agricultural risks.
Key focus areas for NCDEX going forward include:
Expansion of the commodity options ecosystem
Development of weather-based derivative products
Strengthening agricultural market participation
Increasing accessibility through feeder market locations
Enhancing collaboration with policymakers and industry participants
Supporting sustainable and inclusive growth in India’s commodity markets
Despite industry challenges, NCDEX continues to focus on long-term market development, technology-led innovation, and strengthening India’s commodity trading infrastructure.
Read More
NCDEX Unlisted Shares - Financial
Income Statement
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
Particulars
FY 2022-23
FY 2023-24
FY 2024-25
FY 2025-26
Trend
Income
Revenue from operations
10,393
9,640
8,819
2,530
Other Income
3,164
3,966
3,387
4,826
Total Income
13,557
13,606
12,206
7,356
Expense
Purchase under Corporate Buying Arrangement
1,101
-
-
Employee benefits expense
8,797
9,100
9,593
5,534
Finance cost
151
136
100
156
Depreciation & amortization expense
2,512
2,462
2,509
1,406
Technology expenses
3,947
4,380
4,462
3,659
Other expenses
3,116
2,643
3,037
2,159
Total expenses
19,624
18,722
19,701
12,914
Profit / (Loss) before tax
(5,801)
(3,320)
27,882
(4,122)
Tax Expense
Current tax
11
133
401
-
Current tax for earlier years
(5)
9
6
14
Deferred tax (credit)
(1,570)
(692)
3,866
(1,484)
Total Tax expense
(1,564)
(550)
4,273
(1,470)
Profit / (Loss) for the year
(4,237)
(2,770)
23,609
(4,122)
EPS (In ₹)
(8.01)
(5.14)
46.86
(5.93)
Balance Sheet
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
Particulars
March 2023
March 2024
March 2025
March 2026
Trend
Assets
Total non-current assets
27,344
21,199
45,241
79,542
Total current assets
59,682
62,146
79,350
120,810
TOTAL ASSETS
87,599
84,087
124,591
200,352
EQUITY AND LIABILITIES
Equity
Equity share capital
5,068
5,068
5,068
8,970
Other equity
42,412
40,871
67,721
139,722
Equity attributable to Owners
47,480
45,939
72,789
148,692
Total Equities
49,304
47,597
75,060
150,753
Liabilities
Total non-current liabilities
2,754
2,808
5,408
8,416
Total current liabilities
35,541
33,682
44,123
41,183
TOTAL LIABILITIES
38,295
36,490
49,531
49,599
TOTAL EQUITY AND LIABILITIES
87,599
84,087
124,591
200,352
Cash Flow
Figures shown in lakhs. YoY shown under each year; trend sparkline on the right.
Particulars
FY 2022-23
FY 2023-24
FY 2024-25
FY 2025-26
Trend
CASH FLOW FROM OPERATING ACTIVITIES
Profit before tax
(5,801)
(3,320)
27,882
(6,399)
Adjustments
(447.60)
(1,906)
(35,745)
(3,502)
Operating profit before working capital changes
(6,249)
(5,226)
(7,863)
(9,901)
Movements in working capital:
Cash generated / (used) from operations
(9,727)
(5,623)
841
(12,782)
Net cash generated / (used) in operating activities
(9,689)
(5,541)
1,184
(13,370)
CASH FLOWS FROM INVESTING ACTIVITIES
Net cash generated / (used) in investing activities
9,714
9,597
6,018
(57,978)
CASH FLOWS FROM FINANCING ACTIVITIES
Net cash generated / (used) from financing activities
(841)
(641)
(748)
75,569
Net increase / (decrease) in cash and cash equivalents
(816)
3,415
6,454
4,221
Cash and cash equivalents at the beginning of the year
7,183
6,366
9,781
16,235
Cash and cash equivalents at the end of the year
6,366
9,781
16,235
20,456
Total
6,366
9,781
16,235
20,456
Financial Analysis & Performance Trends
Track historical financial performance, profitability, and valuation metrics of NCDEX Unlisted Shares through interactive charts based on reported financial data.
Financial Snapshot
Key Performance Indicators:
Analysis is based on the company's reported financial statements and historical financial data.
NCDEX - Key Insights
POSITIVE
Strong Growth in Agricultural Production
India’s grains and pulses production increased to 353.96 million tonnes during FY 2024-25, supporting resilience in agricultural commodity markets.
NEUTRAL
Focus on Product Diversification
NCDEX plans to expand into new segments including weather derivatives to strengthen risk management solutions for the agricultural sector.
NEGATIVE
Global Commodity Market Volatility
FY 2024-25 remained challenging for NCDEX due to volatility in global commodity markets, evolving regulations, and supply chain disruptions.
NCDEX - Peers
NCDEX - Corporate Actions
Announcements
Buyback
Dividend
Split
Bonus
Rights
Latest Announcements
No Recent Announcements
We haven't recorded any regulatory updates for NCDEX Unlisted Shares.
Share Buyback Programs
No Active Buybacks
There are currently no active or upcoming share buyback programs announced for NCDEX Unlisted Shares.
Dividend History
No Dividend History
We have not tracked any interim or final dividend declarations for NCDEX Unlisted Shares.
Stock Splits
No Stock Splits
There are no historical records of face-value stock splits for NCDEX Unlisted Shares in our database.
Bonus Issues
No Bonus Issues
We haven't tracked any bonus share issuances allocated to shareholders of NCDEX Unlisted Shares.
Rights Issues
No Rights Issues
No rights issue offerings are currently recorded or available for NCDEX Unlisted Shares.
Annual reports, DRHP, or quarterly result documents are not currently available or match your filters.
2025Annual Report
NCDEX Annual Report FY 2024-25
2024Annual Report
NCDEX Annual Report FY 2023-24
2023Annual Report
NCDEX Annual Report FY 2022-23
Management & Corporate Info
Mr. Ashish Bahuguna
Chairperson and Public Interest Director
Mr. Hemant Adarkar
Public Interest Director
Dr. Mukulita Vijaywargiya
Public Interest Director
Mr. R Amalopavanathan
Public Interest Director
Mr. Soma Sankara Prasad
Public Interest Director
Mr. Sanjeev Rohilla
Non-Independent Director
Mr. Arun Raste
Managing Director & CEO
Registered Office
National Commodity & Derivatives Exchange Limited
Akruti Corporate Park, 1st Floor,
Near G.E.Garden, L.B.S. Marg,
Kanjurmarg (West), Mumbai - 400 078.
NCDEX Unlisted Shares Shares
Quick enquiry - tell us what you want and we'll reach out via WhatsApp or email.
NCDEX Unlisted Shares Trend
Trend Score
--
Sentiment
Loading...
This sentiment meter reflects current demand-supply conditions in the unlisted market.
It is not a rating and should not be considered advice to buy, sell, or hold.
Sentiments are subject to rapid change and may not be real-time.
NCDEX Unlisted Shares - Create Price Alert
Set a target price and we'll notify you when it's reached.
Premium
ArenaX Toolkit
📊Rev/Share
💰Returns
FAQ
Have a question? Browse through our comprehensive help categories or use the global command search to find exact answers instantly.
33 Answers
Buying NCDEX Unlisted Shares is a simple and fully digital process. Investors can purchase NCDEX Pre-IPO Shares through Unlisted Arena and receive the shares directly in their demat account through a secure off-market transfer.
Step 1: Initiate Contact: Check real-time pricing and liquidity. Reach out directly to the Unlisted Arena team to register your interest and obtain the most up-to-date, real-time pricing and liquidity availability for NCDEX unlisted shares.
Step 2: Submit KYC & Demat Details: Mandatory for off-market transfers. To transfer NCDEX Unlisted Shares to your demat account, you will need to provide:
Client Master Report (CMR): The Client Master Report (CMR) is a mandatory document required for transferring unlisted shares. It can be obtained from your stock broker or depository participant.
PAN Card Copy: A copy of the investor's PAN Card is required for verification and compliance purposes.
Bank Proof (If Required): If the payment is made from a bank account not mentioned in the CMR, you may be required to provide a Cancelled cheque with printed name, or Bank statement showing account holder name and account number.
Step 3: Confirm the Deal: Official banking channels only. Once your KYC documents are verified and we agree on the price and quantity, we will share our official bank details. We only accept payments through secure banking channels like NEFT, RTGS, or IMPS.
Step 4: Receive Your Shares: T+0 or T+1 delivery turnaround. Once the payment is verified, the NCDEX Unlisted Shares are transferred directly from our demat account to your demat account through a secure off-market transfer. In most cases, the shares are credited on the same day or the next working day, subject to verification and depository processing timelines.
Important Guidelines: ✅ Shares are transferred directly to your demat account. ✅ The entire process is digital and paperless. ✅ All transactions are carried out through banking channels and depositories. ❌ Cash transactions are not accepted. ❌ Third-party payments and transfers are not permitted.
For assistance with buying NCDEX Unlisted Shares, obtaining the latest NCDEX Share Price, or understanding the complete investment process, feel free to contact the Unlisted Arena team.
Was this helpful?
Since NCDEX is not yet listed on public exchanges like the NSE or BSE, its share price will not appear on standard broker platforms. The price of NCDEX Unlisted Shares is determined by factors such as market demand and supply, company performance, investor sentiment, liquidity, valuation, and recent corporate developments in the unlisted market. You can check the current indicative price and track all market movements directly on this page:
Indicative Price Updates: Check the top of this page for the latest indicative price, updated based on active private market trends.
Historical Price Trends: Use our interactive Price Chart to analyze how the stock's valuation has moved over the past months or years.
Note: Prices in the unlisted market fluctuate frequently based on market conditions, sentiment, and company developments. You can bookmark this page to track daily updates.
Was this helpful?
The current minimum lot size for purchasing NCDEX unlisted shares is 100 Shares. This means you must buy a minimum of 100 Shares in a single transaction block.
Because unlisted stocks trade in predefined lots rather than single units, your minimum investment is calculated by multiplying this lot size by the prevailing share price.
Based on the current indicative share price and lot size, your indicative minimum investment is ₹35,800.
Note: The unlisted market is highly dynamic. Both the share price as well as the minimum lot size can occasionally change based on current market supply and demand. We recommend checking with our team for the exact, real-time price and availability.
Was this helpful?
Investors looking to buy NCDEX Unlisted Shares should choose a platform that offers transparent pricing, secure transactions, prompt share transfers, and complete documentation support throughout the investment process.
Unlisted Arena is one of India's trusted platforms for buying and selling NCDEX Unlisted Shares and other Pre-IPO Shares. We facilitate secure demat-to-demat transfers, transparent transactions through banking channels, and dedicated assistance throughout the purchase process.
Unlisted Arena has been featured by leading financial publications. Unlisted Arena stands out by delivering an institutional-grade experience for retail investors across India through:
Zero Brokerage or Hidden Fees: We operate on a net-rate basis. The price our team quotes you is the final, all-inclusive rate—meaning what you see is exactly what you pay.
Zero Third-Party Risk: We strictly avoid unverified third-party transactions. By executing your trade directly rather than acting as a middleman, we eliminate external risks and ensure your investment is fully secure and verified.
Fastest Delivery Timelines: We are committed to processing transfers with maximum speed. Once your payment clears and your KYC documents are verified, the shares are typically credited to your demat account on the exact same day or the next working day.
Process-Driven Execution: Every transaction is handled through a structured, compliant framework. We route all payments strictly through official corporate banking channels and manage your documentation safely.
Beyond the NCDEX unlisted shares, you can Explore available unlisted shares in India. Browse current prices, lot sizes, and key financial information for other premium pre-IPO opportunities currently available.
Was this helpful?
The price of NCDEX unlisted shares moves based on simple demand and supply in the unlisted market. If more investors want to buy, the price naturally goes up and vice-versa. The valuation is also heavily influenced by the company's financial performance, revenue growth, and how its publicly listed peers are performing on the stock exchanges.
Was this helpful?
Usually, it takes the same working day or the next working day (T or T+1) for NCDEX unlisted shares to be credited to your Demat account once your payment is verified. Because unlisted shares are not traded on live stock exchanges, the transaction does not follow the standard exchange settlement delays. Instead, it is processed via a direct off-market transfer. Here is the exact timeline you can expect:
Payment Confirmation (Day T): Your funds are successfully received and verified through standard banking channels.
Execution & Depository Credit: An off-market transfer instruction is submitted to the depository (CDSL or NSDL). The depository then processes this instruction and electronically credits the exact quantity of NCDEX shares directly into your Demat holding profile.
📌 The Unlisted Arena Advantage: We operate on a strictly structured approach. Our team initiates the off-market transfer the moment your funds clear. This process-driven execution ensures the fastest possible off-market transfers, delivering the shares to your Demat account swiftly and securely.
Was this helpful?
No, there are absolutely no hidden fees, commissions, or brokerage charges when you transact through Unlisted Arena. We operate on a fully transparent, upfront pricing model.
Zero Brokerage: We do not charge any percentage-based brokerage, fees, or commissions on your purchase.
Transparent Execution: The per-share price agreed upon is your final execution price. There are no surprise markups added at the last minute.
📌 The Unlisted Arena Promise: We believe in 100% upfront transparency. We do not charge any hidden account fees, transaction levies, or surprise margins.
Was this helpful?
Yes, Non-Resident Indians (NRIs) are absolutely eligible to invest in unlisted shares in India, subject to the regulations governed by the Reserve Bank of India (RBI) and the Foreign Exchange Management Act (FEMA).
To purchase unlisted shares through Unlisted Arena, the following key requirements must be met:
NRO Bank Account: The investment must be made on a non-repatriable basis. Therefore, the funds used for purchasing shares must be processed through an active Non-Resident Ordinary (NRO) bank account.
Non-Repatriable Demat Account: You must hold a valid, active Demat account specifically designated as "Non-Repatriable" to receive and hold the unlisted shares.
Was this helpful?
Yes, absolutely. Non-individual investors—including Hindu Undivided Families (HUFs), Partnership Firms, LLPs, and Corporate Entities—are fully eligible to invest in NCDEX unlisted shares. The investment process is straightforward, with your shares credited securely into your entity's designated Demat account:
HUF (Hindu Undivided Family): HUFs can seamlessly invest in unlisted shares. The NCDEX shares are credited directly to the HUF's Demat account, which is officially operated and managed by the Karta on behalf of the family.
Partnership Firms & LLPs: Limited Liability Partnerships (LLPs) hold unlisted shares directly in a Demat account opened under the LLP's name.
Corporate Entities (Pvt Ltd / Public Ltd): Companies can purchase NCDEX unlisted shares directly under their corporate name, reflecting cleanly in the company's official corporate Demat account.
📌 The Unlisted Arena Advantage: We actively specialize in executing high-ticket transactions for HNIs, Family Offices, and Corporate Entities.
Was this helpful?
Yes, absolutely.Unlisted Arena follows a transparent and compliant process for facilitating transactions in NCDEX Unlisted Shares and other unlisted and pre-IPO shares. Investor safety is a key consideration in every transaction, and we strive to ensure that the buying and selling process is secure, documented, and fully traceable.
Some of the measures followed by Unlisted Arena include:
Secure Banking Channels: All payments are accepted only through official bank accounts using recognised banking channels such as NEFT, RTGS, and IMPS. Cash transactions and unauthorised third-party transfers are not permitted.
Demat-to-Demat Share Transfers: NCDEX Unlisted Shares are transferred directly through the official NSDL/CDSL depository infrastructure to the buyer's demat account, ensuring transparency and ownership verification.
Documentation & Compliance: Transactions are supported by appropriate documentation, including demat details, Client Master Report (CMR), PAN verification, and other compliance requirements wherever applicable.
Transparent Pricing: We provide transparent pricing with no hidden brokerage or charges. Investors are informed of the transaction terms before proceeding with the purchase or sale of NCDEX Unlisted Shares.
Dedicated Investor Support: Our team assists investors throughout the transaction process, from documentation and payment verification to successful credit of shares into the demat account.
Yes, buying and selling NCDEX Unlisted Shares is completely legal. As long as the transaction is carried out transparently through proper banking channels, it is a fully compliant and regulated process. When you buy or sell unlisted shares with Unlisted Arena, transactions are carried out in accordance with applicable regulations and standard depository procedures by following these exact steps:
Official Depositories: All shares are held in electronic demat form and transferred safely through official depositories (NSDL and CDSL).
Secure Banking: We only accept and process payments through our official corporate bank accounts. We never deal in cash or accept unverified third-party transfers.
Stamp Duty Paid: As per government regulations, the required stamp duty is fully paid on the transaction amount.
Was this helpful?
According to SEBI rules, all pre-IPO shares have a 6-month lock-in period. Here is the most important part: this 6-month timer starts on the day the company finally lists on the stock exchange—not on the day you bought the shares.
Before the IPO happens, there is no lock-in at all, and you are free to sell the shares in the unlisted market whenever you want – subject to availability of the buyer.
Was this helpful?
During the 6 months after the IPO, your shares will stay safely in your demat account but will show as "locked." The moment those 6 months are over, the depository automatically unlocks them. You don't have to fill out any forms or call your broker—you can just open your app and sell them openly on the stock exchange.
Was this helpful?
From a transaction standpoint, buying NCDEX unlisted shares is completely secure because the transfer happens electronically through regulated depositories (NSDL/CDSL). However, like any equity investment, it is not entirely risk-free.
To help you perform your own due diligence and make an informed decision, Unlisted Arena provides direct access to all critical research data points right on this page:
Ownership Structure: Check who else owns a stake in the company by viewing the latest shareholding pattern.
Market Benchmarking: See how the company measures up against other public exchanges using our peer comparison section.
Deep-Dive Analysis: Read through the official annual reports to study the company's long-term growth trajectory.
Please note: While we provide these comprehensive research tools to help you analyze the fundamentals, Unlisted Arena does not offer any investment recommendations. The final decision rests entirely with your own risk appetite and financial goals.
Was this helpful?
Whether NCDEX unlisted shares are a good investment depends entirely on your financial goals, risk appetite, investment horizon, and personal assessment of the company's future prospects.
Investors typically evaluate unlisted shares based on these core factors:
Financial performance and profitability
Revenue and earnings growth
Market leadership and competitive position
Dividend track record
Valuation metrics
Shareholding pattern
Regulatory developments
Potential future listing opportunities
At the same time, you must carefully consider the inherent risks associated with the private market, including liquidity constraints, valuation fluctuations, regulatory changes, and uncertainty regarding future listing timelines or exit opportunities.
Before investing, it is highly advisable to perform a thorough analysis. You can directly use the research tools provided on this page to review the company's latest financial statements, valuation metrics, shareholding pattern, trend, and peer comparison to make a well-informed decision. Please note that these data tools and research points are provided solely for informational purposes and do not constitute an investment recommendation or financial advice.
Disclaimer: As with any equity investment, past performance does not guarantee future returns. Investors should carefully assess both the potential opportunities and risks before investing.
Was this helpful?
Investors are primarily drawn to NCDEX unlisted shares to secure a stake before it hits the public exchanges. The key reasons include:
Early Investment Opportunity: You gain access to the shares before the company becomes publicly listed, potentially benefiting from future value appreciation if the business continues to perform well.
Portfolio Diversification: Adding a unique alternative asset class like unlisted equity helps diversify your broader investment portfolio away from daily stock market volatility.
Potential for High Returns: If the company maintains its strong financial performance and successfully launches an IPO, early investors have the potential to see substantial capital appreciation.
Please note that these points are highlighted solely for informational purposes and do not constitute an investment recommendation or financial advice.
Was this helpful?
While investing in unlisted shares offers the advantage of early access, it carries specific market risks that are different from buying standard publicly traded stocks. Some of the key risks associated with investing in NCDEX Unlisted Shares include:
Liquidity Risk: Unlike listed stocks that you can sell instantly with a single click, unlisted shares are traded in the private market. This means you cannot sell them immediately—you must wait to find a willing buyer, which may take time.
Valuation Risk: The market price of NCDEX Unlisted Shares is determined by demand and supply in the unlisted market. Investors who purchase shares at higher valuations may experience lower-than-expected returns or even incur losses if future growth or listing expectations are not met.
IPO & Listing Uncertainty: There is no guarantee that a company will launch an IPO or become publicly listed within a specific timeframe. Even if a company has expressed intentions to pursue a listing, the timing may be delayed due to regulatory requirements, market conditions, business considerations, or strategic decisions by the company. As a result, you may need to hold your investment for a longer period than anticipated, and you may not always have immediate liquidity or exit opportunities at your preferred valuation.
Market Risk: Like all equity investments, the value of NCDEX Unlisted Shares may fluctuate based on broader market conditions, economic developments, and changes in investor sentiment.
Was this helpful?
You can easily track how the price has changed over time by looking at our interactive NCDEX Unlisted Share Price Chart. To dive deeper into long-term returns, you can also use our Historical Wealth Tool to see exactly how an early investment would have performed.
To help you understand the company's size, we calculate the live market capitalization for you based on the current share price and total outstanding shares. You can also review the shareholding pattern to see who else is invested and utilize our custom tools like the Market Cap Scenario and Revenue Per Share calculators to analyze different valuation metrics.
To help you fully assess the company's valuation, this page provides direct access to tracking these key financial metrics:
Market Capitalization
Earnings Per Share (EPS)
Price-to-Earnings Ratio (P/E)
Book Value Per Share
Return on Equity (ROE)
Peer Comparison
Revenue Growth
Profitability Trends
On this page, investors can access financial ratios, valuation metrics, financial statements, and peer comparison tools to assess NCDEX's valuation.
Was this helpful?
Because unlisted companies do not file daily stock exchange disclosures, tracking their updates can be difficult for retail investors. We make it easy by consolidating all major announcements directly on this page. You can follow our dedicated News Section for the latest media headlines, and check our Corporate Actions tab to track all official company events—including board meetings, dividends, bonus issues, stock splits, share buybacks, and potential IPO updates for NCDEX.
Was this helpful?
Once the shares are processed, your NCDEX unlisted shares are credited directly to your demat account. You can track and verify your unlisted shares ownership across these two channels:
Official Depositories (Fastest Update): Since your shares are held directly with depositories (CDSL/NSDL), this is where your holdings update first. You can instantly verify the credit online via the official CDSL myEasi or NSDL SPEED-e portals.
Your Broker's Platform: The shares will also reflect in the DP Holdings (Depository Participant Holdings) section of your trading account once your broker syncs their system with the central depository.
📌 Important Note: Because unlisted shares are not publicly traded yet, they usually do not appear on your broker's front-end mobile trading app or main dashboard. Instead, you can verify the exact quantity of shares you own by logging into your broker's back-office portal (Console/DP Holdings). Please note that a live, fluctuating daily price will not be displayed anywhere on the platform until the company officially lists.
Was this helpful?
The current Face Value of NCDEX unlisted shares is ₹10.00 per share, and the officially registered ISIN code is INE127G01010.
Face Value: The face value (also known as nominal value) is the original value assigned to each share by the company. It is primarily used for accounting purposes and may also play a role in corporate actions such as stock splits, bonus issues, and dividend declarations. Current Face Value: ₹10.00 per share
ISIN Code: The ISIN (International Securities Identification Number) is a unique identifier assigned to securities held in electronic form. Every dematerialized share has its own ISIN, which helps investors verify the authenticity of their holdings and facilitates secure transfer through the depository system. Current ISIN: INE127G01010
Since NCDEX Unlisted Shares are held in demat form, the ISIN is used by NSDL and CDSL to identify and process share transfers, corporate actions, and ownership records. Investors can use the ISIN to verify their holdings in their demat account and confirm that the shares have been credited correctly after purchase.
Was this helpful?
To buy NCDEX unlisted shares, you are required to submit a digitally signed Client Master Report (CMR) or Client Master List (CML). You can easily download this document directly from your existing broker's back-office portal, or simply request it by calling or emailing your broker's customer support team.
Why is a CMR mandatory to buy NCDEX shares?
Your CMR acts as the official proof of your 16-digit Demat Account Number (BO ID) and your linked primary bank account, ensuring that your NCDEX shares are securely credited to the correct, verified profile.
NCDEX Unlisted Shares are held and transferred in electronic (demat) form, similar to listed shares traded on stock exchanges. Physical share certificates are generally not used for transactions in NCDEX Unlisted Shares.
ISIN Identification: To facilitate this secure electronic holding, NCDEX unlisted shares are assigned a specific International Securities Identification Number (INE127G01010). This unique code is what allows the shares to be officially recognized, tracked, and stored within depositories (CDSL/NSDL).
Holding NCDEX Unlisted Shares in demat form offers several benefits, including:
100% Secure: Ensures tamper-proof electronic ownership records.
Seamless Transfers: Enables faster and highly transparent off-market share transfers.
Easy Tracking: Allows for instant verification through official depository statements (like CDSL myEasi or NSDL SPEED-e).
Automated Corporate Actions: Ensures you automatically receive dividends, bonus shares, and stock splits directly to your linked accounts.
Zero Physical Risk: Completely eliminates the risks associated with physical paper certificates, such as loss, theft, forgery, or damage.
Was this helpful?
No, you do not need any special or separate demat account. Your regular demat account with brokers like Zerodha, Angel One, Upstox, Groww, HDFC Securities or any other broker works perfectly for buying and holding NCDEX unlisted shares.
Was this helpful?
At Unlisted Arena, our core philosophy is built on trust, clear communication, and verified availability. We source our unlisted share inventory strictly through a secure and structured network, which includes:
Existing Shareholders: Early retail investors or High-Net-Worth Individuals (HNIs) looking to liquidate their current holdings.
Employees (ESOPs): Current or former company employees who are looking to monetize their vested Employee Stock Ownership Plans.
Was this helpful?
Yes, absolutely. You can use your existing Demat account with Zerodha, Groww, Upstox, Angel One, ICICI Direct, HDFC, or any other registered broker in India to securely hold your NCDEX unlisted shares.
However, it is highly important to understand the difference between your broker's trading app and your underlying Demat account:
You do not buy them on the app like listed shares: Because NCDEX is an unlisted company, its shares do not trade on the live NSE or BSE terminals. You will not find a "Buy" button for them on front-end apps like Zerodha Kite or the Groww app.
You do hold them in the account: Your broker provides you with an underlying Demat account securely held with a central depository (CDSL or NSDL). Your unlisted shares are credited directly into this depository account via an off-market transfer.
Was this helpful?
Yes, investors holding NCDEX Unlisted Shares are eligible to receive dividends, bonus shares, stock splits, rights issues, and other corporate actions declared by the NCDEX, subject to their ownership of the shares on the applicable record date.
Ownership rights associated with NCDEX Unlisted Shares are similar to those of listed equity shares. Once the shares are credited to your demat account, you become a shareholder of the company and may be entitled to participate in corporate actions announced by the company from time to time. Here is how you receive them:
Dividends (Cash Payouts): When the company declares a dividend, the amount is transferred directly into the primary bank account linked to your Demat profile. You do not need to claim it manually.
Bonus Shares & Stock Splits: If the company announces a bonus issue or a stock split, the new shares are automatically credited directly into your Demat account under the same ISIN, increasing your total share quantity.
Other Corporate Actions: Shareholders may also become eligible for mergers, demergers, buybacks, special dividends, or other corporate actions, depending on future decisions taken by the company and its board of directors.
Was this helpful?
Selling unlisted shares is a straightforward process, though it occurs completely off-market. As an investor, you generally have two main exit routes:
Secondary Market Sale (Before the IPO): You do not have to wait for an IPO to exit. You can sell your unlisted shares into the market if you have any buyer. Unlisted Arena may also buy your NCDEX unlisted shares directly if we have an active requirement and if the pricing is mutually agreeable.
Post-IPO Sale: You can choose to hold the shares until the company officially lists on the public stock exchanges. Once listed, you can sell the shares directly through your demat account after the completion of the 6-month lock-in period.
Was this helpful?
You can seamlessly transfer your NCDEX unlisted shares to another Demat account—whether it belongs to you, a family member, or a third-party buyer. Because unlisted shares do not trade on live exchanges, this is executed as an off-market transfer directly through depositories (CDSL/NSDL). You can initiate this transfer using one of two standard methods:
The Online Method (CDSL Easiest / NSDL SPEED-e): This is the fastest, completely paperless route. If your current Demat account is with CDSL (which most major discount brokers use), follow these steps:
Add a Beneficiary: Log in to the official CDSL Easiest portal and add the receiver's 16-digit Demat Account Number (BO ID) as a "Trusted Beneficiary." (Note: Depository approval for a new beneficiary strictly takes 24 hours).
Setup the Transaction: Navigate to 'Bulk Setup', select the unique ISIN for NCDEX, enter the share quantity, and select your precise reason for transfer (e.g., Self-Transfer, Gift, or Off-Market Sale).
Authenticate: Approve the transaction using the OTP sent to your registered mobile and your 8-digit CDSL Easiest PIN.
Many brokers provide online facilities for transferring shares from one demat account to another. Depending on your broker, you may be able to initiate the transfer through your broker’s platform, or depository portal (CDSL/NSDL).
The Offline Method (Physical DIS): If you prefer a manual process or your broker does not support the Easiest portal, you can use a physical Delivery Instruction Slip (DIS):
Request a physical DIS booklet from your existing broker.
Fill in the NCDEX ISIN, the exact quantity of shares, and the target 16-digit BO ID.
Sign and submit the hard copy to your broker's office for manual processing.
Crucial Compliance Note: If the off-market transfer is a sale (involving financial consideration), the sender must pay a mandatory 0.015% stamp duty online to the respective depository (CDSL or NSDL) before the transfer can clear. However, if you are simply transferring the shares to your own secondary account or gifting them to an immediate family member (zero consideration), no stamp duty is required.
Was this helpful?
If you sell your NCDEX unlisted shares within 24 months of purchasing them, the profit is classified as a Short-Term Capital Gain (STCG). Short-term gains from unlisted shares are added directly to your total taxable income for the financial year. The tax is then calculated based on your applicable Income Tax Slab Rate. In simple terms:
Holding Period: 24 months or less
Tax Classification: Short-Term Capital Gain (STCG)
Tax Rate: As per the investor's applicable income tax slab rate
Taxability: Gain is added to total taxable income
Was this helpful?
If you hold your NCDEX unlisted shares for more than 24 months, the profit qualifies as a Long-Term Capital Gain (LTCG). Long-term capital gains arising from the sale of unlisted shares are currently taxed at 12.5% without indexation benefits. In simple terms:
Holding Period: More than 24 months
Tax Classification: Long-Term Capital Gain (LTCG)
Current LTCG Tax Rate: 12.5%
Indexation Benefit: Not available
Was this helpful?
Once NCDEX successfully completes its IPO and lists on the stock exchange, the tax treatment of your shares immediately shifts to the listed equity framework. If you sell the shares after they list on the NSE/BSE, three major tax advantages unlock:
Shorter Holding Threshold: The holding period required to qualify for Long-Term Capital Gains (LTCG) drops from 24 months down to just 12 months.
LTCG Exemption Unlocked: If your total holding period exceeds 12 months, your gains are taxed at 12.5%, but you now gain access to the ₹1.25 lakh annual tax-free exemption.
Flat STCG Rate: The short-term profit is no longer taxed at your high income tax slab rate. Instead, it is capped at a flat 20%.
Was this helpful?
No Matching Answers Found
We couldn't find anything matching your exact terms. Try another keyword.
Private Access
The Inner Network.
A quiet, private space for unlisted share prices, market insights, updates, and important news.
100% Free • No Spam
Get Regular Updates
Join our private WhatsApp Community.
Request Received!
Our team will shortly send you the invite link on your WhatsApp. Thank you for your interest.
Model valuations, analyze revenue, and track historical returns using actual company data.
Pro Tip: You can change any number in these calculators. Enter your own estimates to see how they affect the final valuation.
Play with the Numbers
Valuation Modeler
Adjust the share price or outstanding shares to see how the market cap reacts instantly.
Editable
Tip: Enter your target price to see the resulting market cap. (Currently trading at: )
Editable
Tip: Adjust this number if the company issues new shares or executes a buyback.
Estimated Market Cap
₹0.00
Cr
Valuation Scenarios
Scenario
Share Price
Market Cap (Cr)
Revenue Metrics
Understand how much revenue the company generates for every single share you hold.
Editable
Tip: Input projected future revenue to find the forward P/S ratio. (Default is based on latest audited financials).
Editable
Tip: Adjust this number if the company issues new shares or executes a buyback.
Revenue Per Share (RPS)
₹0.00
The company generates in revenue for every outstanding share.
Price to Sales Ratio (P/S)
0.00
x
Current Price
₹0
Investors are currently paying times the revenue for a single share.
Wealth Creator
See how a past investment would be performing today.
Editable
Tip: Enter how much hypothetical capital you plan to invest.
Editable
Tip: Pick a past date. We will automatically find the closest available historical market price.
Closest Historical Match:
-- at ₹--
Current Latest Price
₹--
Current Value
₹0
Shares acquired: 0
Total Profit / Loss
₹0
Absolute Return
0%
Wealth Multiple
0.0
x
Select a date to see historical performance.
Disclaimer:
The calculations provided by the ArenaX Investor Tools are for educational and analytical purposes only. They do not constitute financial advice, buy/sell recommendations, or guarantee future performance. While we strive for accuracy, we do not guarantee the completeness or absolute accuracy of the underlying data. Unlisted share investments carry inherent risks.
"True wealth creation is driven by data, deep analysis, and conviction—not by market noise."