The National Commodity and Derivatives Exchange (NCDEX) IPO of ₹500-crore will probably open in the next few weeks with the plan of getting the listed in the exchange before the end of this fiscal with them receiving final observations from SEBI on their IPO prospectus.

NCDEX will become the second listed commodity bourse exchange in India. With trading volumes on the exchange going down since 2018, when on an average, more than ₹3,000 crore worth of commodities were traded, to less than ₹1,000 crores now. A proposal has been made by the NCDEX to utilize the net proceeds towards contribution to the core settlement guarantee fund, net worth requirements of National Commodity Clearing Ltd., and general corporate purposes.

Build India Capital Advisors LLP, Indian Farmers Fertiliser Cooperative, Canara Bank, Investcorp Private Equity Fund I are amongst the various selling shareholders followed by Jaypee Capital Services, Oman India Joint Investment Fund, National Bank for Agriculture and Rural Development, and Punjab National Bank, who will also sell their stakes. The NSE holds a 15% stake in NCDEX, followed by LIC and Nabard at 11.10% each. FFCO and Oman India Joint Investment Fund 10% each, and Punjab National Bank holds 7.29%.