Empowering India’s Agricultural and Commodities Ecosystem through Digital Transformation
📌 Company Snapshot
Parameter
Details
Name
National E-Repository Limited (NeRL)
Incorporated On
February 10, 2017
Nature
Public Limited Company
Sector
Agri-Tech / Commodities Repository
Regulator
WDRA (Warehouse Development and Regulatory Authority)
🔧 Business Model
NeRL is India’s leading commodity repository, offering a digital platform for managing Electronic Negotiable Warehouse Receipts (eNWRs). Its objective is to increase transparency, liquidity, and ease of access in agricultural markets by digitizing warehouse receipts and streamlining post-harvest operations.
📄 What is an eNWR?
An Electronic Negotiable Warehouse Receipt (eNWR) is a secure, digital certificate issued to a depositor (usually a farmer or trader) after storing commodities in a WDRA-registered warehouse. Managed through NeRL, this digital receipt can be:
Traded electronically
Pledged to financial institutions for loans
Transferred without physical movement of goods
🌾 Farmer-Centric Benefits of eNWR
Better Pricing Opportunity
Farmers can store produce and wait for better market rates.
Easy Loan Access
eNWRs are acceptable collateral for banks and NBFCs.
No Repeated Transportation
Reduces costs and logistical challenges.
Transparency & Safety
Secure digital ownership reduces risk of loss, fraud, or dispute.
🔄 How eNWR is Issued: Step-by-Step
Storage:
Produce is deposited at a WDRA-registered warehouse.
Quality Assessment:
Warehouse verifies quantity and quality.
NWR Issuance:
A physical NWR is issued to the depositor.
Digitization:
NWR is converted to eNWR and uploaded to NeRL.
Access:
Farmers can log in to view and manage their eNWR online.
📈 How to Trade eNWRs on NCDEX: Step-by-Step
List eNWR for Sale:
Through NCDEX or approved platforms.
Buyer Discovery:
Traders, processors, or exporters place bids.
Trade Finalization:
Agreement and payment settlement.
Ownership Transfer:
eNWR is digitally transferred to the buyer.
Goods Management:
Buyer can retain in warehouse or withdraw goods.
💡 Summary of Key Benefits for Farmers
Advantage
Impact
No Repeated Transport
Saves cost and time
Better Price Realization
Delayed selling at optimal prices
Loan Facility
Quick financing via collateralized receipts
Fraud Prevention
Secure digital ledger ensures traceability
💰 Revenue Model
NeRL earns revenue through:
eNWR Issuance & Transfer Fees
Pledging Charges
Value-Added Services: Insurance linkages, analytics, etc.
Institutional Partnerships: With banks, NBFCs, agri-fintech platforms
⚠️ Risks and Challenges
Risk Type
Description
Regulatory Risk
Changes in WDRA or commodity trading laws can affect operations
Technology Risk
Cybersecurity, system downtime, or integration failures
Adoption Risk
Low digital literacy among farmers may hinder adoption
Operational Risk
Dependence on quality and efficiency of warehouse partners
🧭 Conclusion
NeRL is a pivotal force in India's Agri-Tech ecosystem, digitally transforming how commodities are stored, financed, and traded. Its eNWR infrastructure empowers farmers, strengthens supply chain efficiency, and facilitates financial inclusion in rural India — making it a cornerstone of the evolving Digital Bharat in agriculture.
📞 Want to Learn More or Explore Investment Opportunities in India’s AgriTech Sector? Reach out to the team at Rook Capital. 📧 Email: info@rookcapital.in 🌐 Website: www.rookcapital.in
At Rook Capital, we make investing in promising Pre-IPO companies like National E-Repository Limited (NeRL) simple, secure, and transparent. Here's the step-by-step process:
📌 Step 1: Confirm Your Booking
Reach out to our investment desk and confirm your interest in purchasing NeRL Unlisted Shares at the current trading price.
📄 Step 2: Submit KYC Documents
As per SEBI compliance norms, please provide the following:
Client Master Report (CMR) from your broker
PAN Card
Cancelled Cheque (required if the payment is not made from the bank account listed in the CMR)
💳 Step 3: Fund Transfer
We will share Rook Capital’s bank account details for the transaction.
Accepted Payment Modes: RTGS, NEFT, IMPS, Cheque Transfer
❌ Not Accepted: Cash deposits
🔒 Funds must be transferred from the same bank account linked to your demat account for compliance and verification purposes.
⏱ Step 4: Share Transfer Timeline
If payment is received before 2:00 PM, your NeRL shares will be credited to your demat account within 24 hours on a working day.
🔒 Lock-in Period Policy
As per SEBI guidelines, Pre-IPO shares are locked in for 6 months post-listing.
📌 You may sell National E-Repository Limited (NeRL) shares only after 6 months from the date of IPO listing.
Looking to exit your investment in NeRL Unlisted Shares? At Rook Capital, we ensure a safe and efficient share-selling process backed by full compliance and prompt settlement.
📌 Step 1: Confirm the Selling Price
We will confirm the buying price for National E-Repository Limited (NeRL) shares based on current market trends.
📌 Note: This price remains valid for 3 business days. If the shares are not transferred within this timeframe, the updated price on the date of receipt will apply.
📄 Step 2: Share Transfer
We will provide you with Rook Capital’s Client Master Report (CMR).
You will then initiate the off-market transfer of shares to our demat account using either:
Offline DIS (Delivery Instruction Slip)
Online DIS (via broker’s platform)
🏦 Step 3: Submit Your Bank Details
Once the shares are received in our demat account, we will request your bank account details to process the payment.
✅ If you're using a different account than the one linked to your demat, a cancelled cheque (with your name printed) is required for verification.
🔒 As per SEBI regulations, fund transfers to third-party accounts are not permitted.
💰 Step 4: Fund Settlement
Payment will be processed within 24 hours of successfully receiving your shares.
Accepted Modes: RTGS, NEFT, IMPS, Cheque Transfer
❌ Not Accepted: Cash deposits
The lock-in period for National E-Repository Limited (NeRL) varies depending on the category of investors:
1. For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of National E-Repository Limited (NeRL).
2. For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period.
3. For other types of investors, which include Retail Investors, High Net-worth Individuals (HNIs), or Body Corporates, the lock-in period is 6 months from the date of the IPO listing of National E-Repository Limited (NeRL).
This regulation was introduced by SEBI in August 2021. The rule change, which reduced the lock-in period from one year to six months, was aimed at encouraging more investments in startups that are preparing for public offerings or IPOs. This reduction in the lock-in period is seen as a significant step forward, and since its introduction, many Portfolio Management Services (PMS) have been advising their clients to invest in Pre-IPO shares to capitalize on the benefits of early-stage investments.
How to Use DIS to Transfer National E-Repository Limited (NeRL) Unlisted Shares
DIS (Delivery Instruction Slip) is the legally recognized method to transfer unlisted shares like National E-Repository Limited (NeRL) from your demat account to another party (e.g., Rook Capital) in an off-market transaction.
📝 1. Offline DIS (Traditional Paper-Based Method)
This method involves manually filling out a DIS form, typically obtained from your broker or Depository Participant (DP), and submitting it physically.
✅ Key Details to Fill in the DIS Form:
a. ISIN Number of National E-Repository Limited (NeRL)
b. Company Name: National E-Repository Limited
c. Number of Shares to be transferred
d. Consideration Amount (Transaction value)
**e. Target DP ID & Client ID (Provided by Rook Capital)
f. Annexure (if required by your DP for unlisted/off-market transfers)
📬 Once filled and signed, submit the DIS form to your DP or broker's nearest office.
🌐 2. Online DIS (Digital Transfer Method)
Some brokers now offer Online DIS or e-DIS for added convenience, eliminating the need for physical submission.
🔗 How It Works:
Log in to your broker's portal/app
Navigate to ‘Off-Market Transfer’ or ‘Online DIS’
Add Rook Capital’s DP ID and Client ID as the beneficiary
Enter:
ISIN of NeRL
Share quantity
Consideration amount
Authenticate the transfer (via OTP/digital signature)
Submit the request
📌 Note: Not all brokers support online DIS. Confirm availability with your broker.
Examples of brokers offering Online DIS:
Angel One (Angel Broking)
Zerodha (via CDSL Easiest)
Upstox, Groww, ICICI Direct (selective)
🔒 Important Compliance Notes:
The payment and demat account must match – SEBI mandates that shares be transferred and funds received only from the account holder’s own linked bank account.
Always double-check ISIN, DP ID, and Client ID before submitting, to avoid delays or rejection.
You can contact Rook Capital for pre-filled templates or support with the DIS form.
📞 Need Help with DIS Transfer?
Our Rook Capital operations team is available to guide you step-by-step and ensure a smooth and secure off-market transfer.
📧 Email: info@rookcapital.in
🌐 Website: www.rookcapital.in
In recent years, the unlisted share market has expanded significantly, leading to a reduction in the minimum investment amount. Previously, the typical investment ticket size ranged from 5-10 Lakhs, but in the current market scenario, it has decreased to between 35-50k. Therefore, through our UnlistedZone platform, if someone wishes to invest in National E-Repository Limited (NeRL), the minimum investment required would now be in the range of 35-50k
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
1. Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%. However, it has now changed in Budget 2024 from 23rd July 2024 to 12.5%.
2. Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain. However, This has removed in the Budget 2024 from 23rd July 2024.
3. Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
4. Calculation: New LTCG will be calculated from 23rd July 2024 as flat rate of 12.5%.
5. Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
6. Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.