The Book Running Lead Managers (BRLMs) are ICICI Securities Limited and SBI Capital Markets Limited.
National Commodity & Derivatives Exchange Limited (“Exchange”) is a leading agricultural commodity exchange in India, with a market share of 78.0%, 81.5%, 79.9% and 78.1% in the agricultural commodity segments, based on average daily turnover (by value) (“ADTV”) for the six months ended September 30, 2019, Fiscal 2019, Fiscal 2018 and Fiscal 2017, respectively (source: CARE Report). The Exchange has maintained its leadership position since 2005, in the agricultural commodity derivatives market, in terms of ADTV (Source: CARE Report). Further, the Exchange is a professionally managed company, which is driven by technology.
As of September 30, 2019, the Exchange’s network comprised 380 members, 13,316 terminals, nine WSPs, 12 clearing banks, 41 financial institutions and 246 FPOs representing 461,619 farmers, thereby encouraging a virtuous cycle. Besides, as on September 30, 2019, NeML’s network comprised 171 mandis and had approximately 8,900 members and 7.8 million farmers, connected to its platform through the various projects managed by it.
Some of the key investors include National Stock Exchange of India Limited (“NSE”), Life Insurance Corporation of India (“LIC”), National Bank for Agriculture and Rural Development (“NABARD”), Indian Farmers Fertiliser Co-operative Limited (“IFFCO”), Oman India Joint Investment Fund, Punjab National Bank, Canara Bank, Build India Capital Advisors LLP, and Investcorp Private Equity Fund I (formerly known as IDFC Private Equity Fund III).