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National E-Repository (NeRL) ₹45.50 ▼ 3.2% 1M
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National E-Repository (NeRL) Unlisted Shares

Financial Services Commodity repository (electronic warehouse receipts)

National E-Repository Limited (NeRL) runs India's commodity repository, which issues and holds electronic negotiable warehouse receipts. It is promoted by NCDEX and regulated by the Warehousing Development and Regulatory Authority (WDRA).

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Indicative price
As of 23 Oct 2026
₹45.50 ▼ 3.19% in 1 month
Dealer quotes: ₹45.00 – ₹45.50 across 2 dealers
Key facts

National E-Repository (NeRL) share details

Lot size
1,000 shares
Min. investment
₹45,500
Face value
₹10
Founded
2017
Headquarters
Mumbai, Maharashtra
Website
nerlindia.com
ISIN
INE878X01013
CIN
U93090MH2017PLC291035
Lock-in after IPO
6 months
Price history

National E-Repository (NeRL) share price chart

1Y change
-28.91%
High
₹64.00
Low
₹45.50

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

About

About National E-Repository (NeRL)

National E-Repository Limited, known as NeRL, is a commodity repository. It provides a platform where negotiable warehouse receipts for commodities are issued, held and transferred in electronic form. These are called eNWRs. In simple terms, a farmer or trader who stores produce in a registered warehouse gets an electronic receipt instead of a paper one, and that receipt sits in a repository account much like shares sit in a demat account. The company was incorporated in February 2017 and started operations in September 2017. It is based in Mumbai. It works under the guidelines of the Warehousing Development and Regulatory Authority (WDRA), which issued its approval letter of intent in December 2016. The company says it serves farmers, traders, processors and other participants in the commodity value chain, and that electronic receipts remove the risks of paper receipts such as bad delivery, mutilation and duplication. NeRL was set up by the National Commodity and Derivatives Exchange Limited (NCDEX), the largest agri commodity derivatives exchange, which is its holding company. Other shareholders named on the company website are NABARD, ICICI Bank and State Bank of India. Its AGM notice for FY26 shows directors nominated by NABARD, NCDEX and State Bank of India on the board. Saurabh Khanna is the Managing Director and Chief Executive Officer. The company's ninth Annual General Meeting is scheduled for 28 September 2026. NeRL has not yet filed a DRHP with SEBI, so there is no IPO journey to report. Its audited financials were not available in a document we could read, so this page does not show revenue or profit. Unlisted shares of a company like this are dealt off-market between private buyers and sellers, and the price shown on this page is only an indicative price, not an exchange price.

Strengths

  • NeRL is promoted by NCDEX, the largest agri commodity derivatives exchange, which gives it direct access to the commodity market ecosystem.
  • Its shareholders include NABARD, ICICI Bank and State Bank of India, institutions with deep reach in agriculture and banking.
  • It is a repository working under WDRA guidelines, so its eNWR business sits inside a formal regulatory framework.
  • Electronic receipts are held in repository accounts and transferred by account transfer, which the company says removes paper risks such as duplication and mutilation.
  • The company has been operating since September 2017, so it has several years of working history in a niche market.

Risks

  • We could not read audited financial statements, so revenue, profit and debt of the company are not verified on this page.
  • The business depends on the use of eNWRs in agri commodity markets, which is a narrow segment compared with the wider financial sector.
  • As a WDRA-regulated repository, changes in WDRA rules, fees or approvals can directly affect how the company operates. Its board appointments also need WDRA approval.
  • NCDEX is the holding company and nominates a director, so decisions can be influenced by the parent and a few institutional shareholders.
  • The company has not filed a DRHP with SEBI, so there is no confirmed IPO plan or timeline.
  • Unlisted shares trade off-market with indicative prices, so liquidity is thin and the price can be hard to verify or exit at.
Leadership

Management team

Saurabh Khanna
Managing Director & Chief Executive Officer
MBA from IMS Indore; earlier worked at L&T Finance and Samunnati in agri lending.
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Get a live quote on WhatsApp in under 60 seconds. Current price ₹45.50. 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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National E-Repository (NeRL) 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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