New Delhi: The National Commodity and Derivatives Exchange Limited (NCDEX) has submitted the offer document to the market regulator of the Indian Guarantee and Exchange Board for an initial public offering (IPO).
According to the document, the IPO will include new issues up to Rs 100 crore and an offer to sell 1,44,53,774 shares of shareholders. Merchant banking sources said that the IPO is expected to raise capital of Rs 500 crore.
The shareholders who will offer the sale of shares include Build India Capital Advisors LLP, Canara Bank, Indian Farmers Fertilizer Cooperative Limited, Investcorp Private Equity Fund-1, JP Capital Services Limited, National Bank for Agriculture and Rural Development, Oman India Joint Investment Fund and Punjab National Bank. ICICI Securities and SBI Capital Markets will be the managers of this IPO. The shares of NCDEX are estimated to be listed on BSE and NSE.
