amit@unlistedkraft.in
+91-9599071664
+91-9599071664
National E Repository Limited (NeRL) Unlisted Shares
DRHP Status : Not Filed
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Fundamentals About National E Repository Limited (NeRL)
Downloads & Investor Documents
All documents are provided for informational purposes and are subject to regulatory disclosures.
Key Financials of National E Repository Limited (NeRL)
| P&L Statement | 2022 | 2023 | 2024 |
|---|---|---|---|
| Revenue | 10 | 7 | 9 |
| Cost of Material Consumed | 0 | 0 | 0 |
| Gross Margins | 100 | 100 | 100 |
| Change in Inventory | 0 | 0 | 0 |
| Employee Benefit Expenses | 6 | 7 | 9 |
| Other Expenses | 4 | 4 | 5 |
| EBITDA | 0 | -4 | -5 |
| OPM | 0 | -57.14 | -55.56 |
| Other Income | 2 | 2 | 2 |
| Finance Cost | 0 | 0 | 0 |
| D&A | 6 | 5 | 4 |
| EBIT | -6 | -9 | -9 |
| EBIT Margins | -60 | -128.57 | -100 |
| PBT | -4 | -7 | -7 |
| PBT Margins | -40 | -100 | -77.78 |
| Tax | -1 | -2 | -2 |
| PAT | -3 | -5 | -5 |
| NPM | -30 | -71.43 | -55.56 |
| EPS | -0.37 | -0.62 | -0.62 |
Financial Ratios |
2022 | 2023 | 2024 |
|---|---|---|---|
| Operating Profit Margin | 0 | -57.14 | -55.56 |
| Net Profit Margin | -30 | -71.43 | -55.56 |
| Earning Per Share (Diluted) | -0.37 | -0.62 | -0.62 |
| Assets | 2022 | 2023 | 2024 |
|---|---|---|---|
| Fixed Assets | 11 | 6 | 2.5 |
| CWIP | 0 | 0.3 | 0.4 |
| Investments | 0 | 0 | 0 |
| Trade Receivables | 2 | 1.5 | 1.8 |
| Inventory | 0 | 0 | 0 |
| Other Assets | 59 | 59.2 | 57.3 |
| Total Assets | 72 | 67 | 62 |
| Liabilities | 2022 | 2023 | 2024 |
|---|---|---|---|
| Share Capital | 81 | 81 | 81 |
| FV | 10 | 10 | 10 |
| Reserves | -20 | -26 | -31 |
| Borrowings | 0 | 0 | 0 |
| Trade Payables | 0.6 | 0.6 | 0.54 |
| Other Liabilities | 10.4 | 11.4 | 11.46 |
| Total Liabilities | 72 | 67 | 62 |
About Company
National E-Repository Ltd (NeRL) is a commodity repository in India. It was incorporated in February 2017, and began operations in September 2017. NeRL is regulated by the Warehousing Development & Regulatory Authority (WDRA) to create and manage electronic warehouse receipts (eWRs), including eNWRs (electronic Negotiable Warehouse Receipts). Key functions include:
- Creation, storage, transfer, and pledge of electronic warehouse receipts.
- e-Auction of eWRs.
- Enabling linkages with banks / financial institutions so that eNWRs can be used as collateral for loans.
- Connecting with commodity exchanges (e.g., NCDEX) and other value-chain participants.
- Its goal is to bring transparency, trust, and efficiency to the warehousing + agri-finance ecosystem.
Promoters & Shareholding
- Key shareholders: NCDEX (National Commodity & Derivatives Exchange), NABARD, State Bank of India (SBI), and ICICI Bank.
- This mix gives NeRL strong institutional backing and alignment with agri-credit goals.
Key Metrics
According to NCDEX’s FY25 annual report:
- As of FY 2024-25, NeRL had 11,821 active customers (approx).
- 84 banks / NBFCs are pledgees on its platform.
- 1,344 warehouses (registered with WDRA) issue eNWR or non-negotiable eWR via NeRL.
- NeRL has issued more than 6 lakh eNWRs, covering ~ 73.5 lakh MT of commodities across exchange + non-exchange business.
- Total pledge/collateral finance via NeRL has crossed ₹ 11,000 crore since inception.
- In FY 2024-25, pledge financing via NeRL grew ~9% YoY.
As per its own communications, NeRL has helped facilitate over ₹ 2,000 crore of loans (pledge financing) via eNWR.
Strengths & Growth Drivers
- Strong Institutional Backing: Shareholders include NCDEX, NABARD, SBI, ICICI — vested interest in agri finance.
- Policy-Aligned: WDRA regulation mandates electronic NWRs → supports its core business.
- Financing Leverage: NeRL enables banks to lend against stored commodities, unlocking credit for farmers / FPOs.
- Agri-Tech Fintech Role: Emerging as a key infrastructure in digitizing warehouse receipts and integrating with trade, lending, and storage.
- Scalable Network: Growing number of warehouses, banks, and customers; good traction in pledge finance.
- Investor Confidence: Recent investment from AIF Vardan Ceqube shows faith in its long-term vision.
Risks & Challenges
- Profitability Risk: According to unlisted-share data, it's still loss-making.
- Execution Risk: Scaling eWR usage across warehousing, banking, and trading ecosystems requires strong execution.
- Counterparty Risk: Dependence on WDRA-registered warehouses and financial institutions.
- Technology Risk: As a digital repository, any system failure, data breach or regulatory lapse can be serious.
- Competition: Other repository players (e.g., CCRL) may compete in the same space.
- Policy Risk: Changes in warehousing regulation, pledge norms, or digital credit policy may impact its business.
Quick Summary
National E-Repository Ltd (NeRL) is a critical agri-fintech infrastructure play in India: digitizing warehouse receipts, enabling pledge financing, and creating transparency in commodity storage. It’s well-backed by NCDEX, NABARD, SBI, ICICI, and regulated by WDRA. While its financials show it's still investing (with losses), its growth in pledge financing and policy tailwinds make it a high-potential long-term play on agri-infrastructure + commodity finance.
Shareholding Pattern of National E Repository Limited (NeRL)
| Name | Holding |
|---|---|
| NCDEX | 67.22% |
| NABARD | 13% |
| ICICI Bank Limited | 9.90% |
| State Bank Of India | 9.88% |
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Frequently Asked Questions
NeRL unlisted shares refer to equity ownership in National E-Repository Limited, a SEBI-regulated digital securities depository. These shares are not listed on NSE or BSE and can be accessed via private-market platforms like UnlistedKraft.
Yes, UnlistedKraft provides verified access to NeRL unlisted shares. After completing your KYC and placing the order, the shares are delivered to your demat account, usually within 24 hours.
Unlisted shares involve risks such as limited liquidity and less frequent disclosure. However, NeRL operates under SEBI regulation with a core infrastructure role in digital securities. UnlistedKraft ensures secure, verified, and transparent transactions.
Pricing depends on recent private transactions, industry demand, company financials, and market sentiment. UnlistedKraft updates the pricing regularly to reflect fair and current market value.
Yes, you must have an active demat account to receive and hold NeRL unlisted shares.
There is no mandatory holding period unless NeRL comes out with a public listing. Investors generally hold shares until a liquidity event such as an IPO or strategic exit.
Yes, UnlistedKraft allows resale of NeRL shares before they go public, subject to buyer interest and prevailing market conditions.
Yes, per SEBI regulations, pre-IPO shares are locked in for six months after the company lists on a public exchange.
If held for more than two years, gains qualify as long-term capital gains and are taxed at 20 percent with indexation. Gains made before two years are treated as short-term and taxed under your income tax slab.
UnlistedKraft offers verified access to private shares in institutions like NeRL, along with transparent pricing, expert support, secured transactions, and timely credit of shares to your demat account, making it a reliable platform for unlisted share investing.
+91-9599071664
amit@unlistedkraft.in