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HPX India ₹24.00 ▲ 0.0% 1M
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HPX India Unlisted Shares

Hindustan Power Exchange

Energy Power Exchange

Hindustan Power Exchange (HPX) runs a CERC-licensed electricity exchange in India where buyers and sellers trade power in the short-term market. It is promoted by PTC India, BSE and ICICI Bank, and reported revenue from operations of ₹3,835.19 lakh in FY26.

Read the full company profile
Indicative price
As of 23 Oct 2026
₹24.00 ▲ 0.00% in 1 month
Dealer quotes: ₹23.00 – ₹24.00 across 3 dealers
Key facts

HPX India share details

Lot size
500 shares
Min. investment
₹12,000
Face value
₹1
Implied market cap
₹1,326 Cr
Shares outstanding
552,500,000
Founded
2018
Headquarters
Noida, Uttar Pradesh
Website
hpxindia.com
ISIN
INE07WD01012
CIN
U74999MH2018PLC308448
Lock-in after IPO
6 months
Price history

HPX India share price chart

1Y change
-29.41%
High
₹34.00
Low
₹24.00

Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.

About

About HPX India

Hindustan Power Exchange (HPX), formerly known as Pranurja Solutions Limited, is India's third licensed power exchange operating under CERC approval since July 2022. Promoted by PTC India Limited, BSE Investments Limited, and ICICI Bank, HPX provides a transparent, technology-driven marketplace for electricity products including Day-Ahead Market (DAM), Term-Ahead Market (TAM), and Green Market segments, enabling efficient power procurement and price discovery across India's short-term power market.
IPO outlook

When is the HPX India IPO?

HPX is backed by marquee promoters — PTC India, BSE, and ICICI Bank — and has turned profitable with strong revenue growth. An IPO remains a medium-term possibility once the exchange scales its market share further against incumbents IEX and PXIL.

Strengths

  • Promoted by PTC India, BSE & ICICI Bank — strong institutional backing
  • India's third CERC-licensed power exchange — structural market opportunity
  • Turned profitable in FY24 with PAT of ₹15 Cr after prior losses
  • Revenue surged 135% YoY to ₹36.4 Cr in FY24
  • Technology-driven platform offering DAM, TAM, and Green Market products

Risks

  • Dominated by IEX with 90%+ market share — tough competitive landscape
  • Regulatory dependence on CERC for market design and product approvals
  • Early-stage growth; sustained profitability yet to be proven
  • Power sector policy changes could impact short-term market volumes
Financials

HPX India financial performance

Revenue, profit and balance-sheet figures by fiscal year.

Revenue & PAT (₹ Cr)
Revenue PAT
Metric FY26Latest FY25
Revenue (₹ Cr) 38.35 31.18
PAT (₹ Cr) 4.60 10.67
PAT Margin (%) 11.99 34.22
RoNW (%) 6.40 15.87
EPS (₹) 0.08 0.19
Total Assets (₹ Cr) 215 366
Net Worth (₹ Cr) 71.91 67.25

Swipe the table sideways for earlier years →

Ownership

Shareholding pattern

Psus
20%
Promoters
65%
Other Investors
15%
Leadership

Management team

Niraj Nabh Kumar
Director
Experienced power sector executive.
Deepak Goel
Director
Finance and strategy professional.
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Get a live quote on WhatsApp in under 60 seconds. Current price ₹24.00. Shares are delivered to your own demat in 24–48 hours, never to a custodian.

Indicative off-market price, not an exchange quote. Read the disclaimer.

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FAQs

HPX India unlisted shares: common questions

Important disclaimer

Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.

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