Hindustan Power Exchange Limited (HPX India)
vs. prev. close ₹23
52W High
₹39
52W Low
₹23
Market cap
₹1,326 Cr
IPO stage
No DRHP filed
CIN
U74999MH2018PLC308448
Price History
52W High
₹39
52W Low
₹23
About Hindustan Power Exchange Limited (HPX India)
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Introduction Hindustan Power Exchange Limited (HPX), established in 2018, formerly known as Pranurja Solutions Limited, is a new-age power exchange in the Indian electricity market, offering a comprehensive and transparent platform for trading various electricity products. HPX combines advanced technology with customized value-added services to provide a seamless and equitable trading experience for market participants, fostering innovation and efficiency in the sector. Key Offerings HPX facilitates trading in various electricity products, including: Day Ahead Market (DAM): Enables participants to buy and sell electricity for the following day. Term Ahead Market (TAM): Offers contracts for electricity delivery in the near future. Intra-Day Market (IDM): Allows trading of electricity within the same day. Contingency Contracts: Provides a mechanism for managing unforeseen electricity demand or supply variations. Green Contingency Contracts: Focuses on renewable energy sources to meet contingency needs. Renewable Energy Certificates (RECs): Facilitates the trading of certificates representing renewable energy generation. These offerings cater to a diverse range of market participants, including state utilities, private generators, traders, and industrial consumers Promoters HPX is promoted by three leading institutions: PTC India Limited, BSE Investments Limited, and ICICI Bank Limited. 1. PTC India brings decades of expertise in power trading and market development in India and South-East Asia. 2. BSE contributes experience in operating exchanges and trading platforms as one of the oldest and fastest stock exchanges globally. 3. ICICI Bank adds financial expertise in clearing and settlement, being one of India’s largest private banks. Additionally, HPX has attracted investments from various government utilities, Independent Power Producers (IPPs), power traders, distribution utilities, and sector consultants, reflecting broad market trust. Technology and Expertise HPX leverages advanced technology to facilitate high-frequency trading, real-time market data, and seamless settlements. The exchange is supported by a diversified team of power sector professionals with expertise in regulatory compliance, policy frameworks, and operational challenges in electricity trading, ensuring smooth and transparent market operations. Market Impact and Outlook Since its inception, HPX has quickly established itself as a significant player in India’s power market, achieving strong trading volumes and gaining credibility among market participants. The exchange aims to expand its offerings, increase market participation, and support India’s transition towards a transparent, efficient, and sustainable electricity sector. ... Read more
Company Details
Industry
Energy — Oil & Gas
Founded
2018
Headquarters
Mumbai, Maharashtra, India
Min Lot Size
1
Face Value
₹1.00
Total Shares
552500000
Regulatory Information
Corporate Identity Number (CIN)
U74999MH2018PLC308448
PAN Number
AAJCP8333P
ISIN
INE07WD01012
Key Valuation Ratios
Valuation
Market Cap
₹1,326.00 Cr
P/E Ratio
288.26×
P/S Ratio
34.58×
P/B Ratio
18.44×
EV / EBITDA
123.73×
Returns & Per Share
ROE
6.40%
EPS
₹0.08
Book Value / Share
₹1.30
Solvency
Debt / Equity
0.00×
Interest Coverage
32.20×
Company Fundamentals
As of FY2026 Annual · updated 18 Sept 2026Gross Profit
₹38.35 Cr
EBITDA
₹9.66 Cr
Revenue Growth
23.00%
Profit Margin
11.99%
Performance Trends
4 annual periods · derived from filed statements
Revenue
₹ Cr
Net Profit
₹ Cr · losses in red
Earnings Per Share
₹ per share
Return on Equity
ROE %
Return on Capital Employed
ROCE %
Debt-to-Equity
0.00×
EBITDA Margin
25.19%
Interest Coverage
32.20×
Financial Statements
| Line item | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|
| Total Income | ||||
| Revenue from operationsDisclosed | 15.51₹ Crore | 36.46₹ Crore | 31.18₹ Crore | 38.35₹ Crore |
| Other incomeDisclosed | 1.93₹ Crore | 7.18₹ Crore | 9.44₹ Crore | 9.3₹ Crore |
| Total IncomeDerived | 17.44₹ Crore | 43.64₹ Crore | 40.62₹ Crore | 47.65₹ Crore |
| Expenses | ||||
| Cost of goods soldDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Purchases of stock-in-tradeDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Changes in inventoriesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | — |
| Employee benefits expenseDisclosed | 9.28₹ Crore | 10.33₹ Crore | 11.14₹ Crore | 15.01₹ Crore |
| Finance costsDisclosed | 8₹ Lakh | 20₹ Lakh | 26₹ Lakh | 20₹ Lakh |
| Depreciation and amortization expenseDisclosed | 5.77₹ Crore | 4.9₹ Crore | 3.34₹ Crore | 3.22₹ Crore |
| Manufacturing expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Operating expensesDisclosed | 0₹ Crore | 0₹ Crore | 0₹ Crore | 0₹ Crore |
| Other expensesDisclosed | 12.32₹ Crore | 11.48₹ Crore | 12.49₹ Crore | 22.98₹ Crore |
| Total ExpensesDerived | 27.45₹ Crore | 26.91₹ Crore | 27.23₹ Crore | 41.41₹ Crore |
| Profit | ||||
| Profit before taxDerived | -10.01₹ Crore | 16.73₹ Crore | 13.39₹ Crore | 6.24₹ Crore |
| Current tax expenseDisclosed | 0₹ Crore | 1.79₹ Crore | 3.27₹ Crore | 1.8₹ Crore |
| Deferred tax expenseDisclosed | 0₹ Crore | 0₹ Crore | -56₹ Lakh | -16₹ Lakh |
| Tax expenseDisclosed | 0₹ Crore | 1.79₹ Crore | 2.71₹ Crore | 1.64₹ Crore |
| Profit After TaxDerived | -10.01₹ Crore | 14.94₹ Crore | 10.68₹ Crore | 4.6₹ Crore |
| Other comprehensive incomeDisclosed | 0₹ Crore | 1₹ Lakh | 1₹ Lakh | 6₹ Lakh |
| Total Comprehensive IncomeDerived | -10.01₹ Crore | 14.95₹ Crore | 10.69₹ Crore | 4.66₹ Crore |
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Current Price
₹24Secure & Verified Transaction
Unlisted shares are illiquid and carry higher market risks. Please read the Risk Disclosure before investing.
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About Hindustan Power Exchange Limited (HPX India) unlisted shares
Indicative · updated dailyHindustan Power Exchange Limited (HPX India) unlisted share price today
Hindustan Power Exchange Limited (HPX India) unlisted share price today is ₹24 as of 19 September 2026.
Hindustan Power Exchange Limited (HPX India) — frequently asked questions
- What is the grey market price for Hindustan Power Exchange Limited (HPX India)?
No IPO is currently announced for Hindustan Power Exchange Limited (HPX India), so no grey market exists; the price above reflects Priveq's own desk valuation.
- Has Hindustan Power Exchange Limited (HPX India) filed for an IPO, and when might it list?
Hindustan Power Exchange Limited (HPX India) has not filed a draft red herring prospectus, so no IPO is currently announced and no listing date has been set.
- How does Hindustan Power Exchange Limited (HPX India) compare to its listed peers?
There is no closely comparable listed company for Hindustan Power Exchange Limited (HPX India) in India today.
- Is Hindustan Power Exchange Limited (HPX India) on the SME or Mainboard IPO track?
Hindustan Power Exchange Limited (HPX India) has not filed a draft red herring prospectus, so no IPO track is set yet.
- What is Hindustan Power Exchange Limited (HPX India)'s CIN and registered office?
Hindustan Power Exchange Limited (HPX India)'s Corporate Identity Number is U74999MH2018PLC308448, registered at Mumbai, Maharashtra, India.
- What is Hindustan Power Exchange Limited (HPX India)'s market capitalisation?
Hindustan Power Exchange Limited (HPX India)'s market capitalisation is approximately ₹1,326 crore, based on its current unlisted share price.
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Buying, selling and holding unlisted shares
Applies to every company on Priveq- How do I buy Hindustan Power Exchange Limited (HPX India) unlisted shares?
Priveq Investech Private Limited is the named counterparty on every transaction. To buy Hindustan Power Exchange Limited (HPX India) unlisted shares: complete KYC once (PAN, Aadhaar, bank details, and demat account information — SEBI-compliant, typically approved within 24 hours), then submit your order through your Priveq dashboard specifying quantity. Our team confirms price and payment details with you directly. Once payment is confirmed, Hindustan Power Exchange Limited (HPX India) shares are transferred off-market straight to your demat account, with no pooling and no middlemen.
- How do I sell Hindustan Power Exchange Limited (HPX India) unlisted shares?
Submit an Express Sell Interest for Hindustan Power Exchange Limited (HPX India) through your Priveq dashboard, specifying quantity, the same way a buy order is placed. Priveq quotes you a bid price, which may differ from the live Buy price shown to buyers, since unlisted-share pricing works on a bid-ask basis rather than a single quote. Once you accept, you'll need to provide your Client Master List (CML), a cancelled cheque or bank details, and PAN. If you hold shares with CDSL, transfer can also be completed digitally via CDSL Easiest. You transfer Hindustan Power Exchange Limited (HPX India) shares to Priveq first, and payment follows once the transfer is confirmed received, typically the same day, T+1, or occasionally T+2, communicated to you directly. For sizeable transactions worth crores of rupees, an escrow arrangement can be used instead, at the sole consent of both parties.
- What is the minimum investment for Hindustan Power Exchange Limited (HPX India) unlisted shares?
Minimum investment varies by company and is shown as the Min Investment figure on this page. Hindustan Power Exchange Limited (HPX India)'s minimum is ₹24.
- Is there a maximum investment limit?
There's no fixed maximum investment limit for Hindustan Power Exchange Limited (HPX India) unlisted shares. For sizeable transactions worth crores of rupees, an escrow arrangement can be used at the sole consent of both parties, the same mechanism available on the sell side.
- Is buying Hindustan Power Exchange Limited (HPX India) unlisted shares legal in India?
Yes. Buying and selling unlisted shares in India is legal and is subject to relevant SEBI regulations, including the mandatory lock-in period after listing, stamp duty, and depository participant charges on each transaction. Priveq's own KYC process is built to be SEBI-compliant.
- What is the lock-in period for Hindustan Power Exchange Limited (HPX India) unlisted shares?
Hindustan Power Exchange Limited (HPX India) has not filed a DRHP yet, so no listing date or lock-in period applies at this stage. Once an IPO is filed, this answer updates to reflect the applicable SME or Mainboard lock-in.
- What happens if Hindustan Power Exchange Limited (HPX India)'s IPO is delayed or withdrawn?
If an IPO is delayed, shares remain unlisted and continue to trade on the desk at Priveq's indicative price, with no lock-in in effect until an actual listing happens. If a company formally withdraws its DRHP, the same applies: shares stay unlisted, with no lock-in period until and unless a fresh IPO process begins.
- How are capital gains on Hindustan Power Exchange Limited (HPX India) unlisted shares taxed?
If you sell unlisted shares, including Hindustan Power Exchange Limited (HPX India), within 24 months of purchase, the gain is taxed as short-term capital gain at your applicable income tax slab rate. Beyond 24 months, it is taxed as long-term capital gain at 12.5 percent, without indexation benefit, under the rules effective from 23 July 2024. If Hindustan Power Exchange Limited (HPX India) lists and you sell after listing, the applicable tax treatment shifts to listed-security rates, with the holding period still measured from your original unlisted purchase date. This is general information, not tax advice; investors should confirm their specific position with a tax advisor.
- Can NRIs invest in Hindustan Power Exchange Limited (HPX India) unlisted shares?
Yes, on a non-repatriable basis. NRIs can invest using funds from an NRO account; sale proceeds stay within India unless repatriated separately under RBI's own limits. Priveq does not currently support repatriable investment (NRE/FCNR-funded), which would require the investee company to file additional RBI paperwork as foreign direct investment.
- Does Priveq charge a platform fee on top of the share price?
No. The price quoted to you is all-in; there is no separate platform fee or brokerage added on top.
- How does Priveq determine the desk price for Hindustan Power Exchange Limited (HPX India)?
Priveq's desk price reflects several inputs together, not a single formula: the seller's ask price at the time, current demand and supply on the platform for Hindustan Power Exchange Limited (HPX India) specifically, broader sentiment in the unlisted and pre-IPO market, how Hindustan Power Exchange Limited (HPX India)'s sector and listed peers are trading, the company's own recent financial performance and IPO-stage developments, and recent transaction history where deals have actually closed.
Because unlisted shares trade over the counter rather than on an exchange, this price is indicative, not a continuously live quoted market price, and the actual deal price is confirmed with you directly before a transaction closes.
- Is Priveq SEBI-registered? Does it give investment advice?
Priveq is not a SEBI-registered stock exchange and not a SEBI-registered investment adviser. Priveq Investech Private Limited operates Priveq.in as a research and information platform for unlisted and pre-IPO shares, and is the named counterparty on transactions executed through the platform. Nothing on this page is investment advice; it's information to help you evaluate a company and decide for yourself.
- Am I eligible to invest through Priveq if I'm not an HNI?
Yes. Priveq isn't a stock exchange with membership restrictions, and investing isn't limited to HNIs. Depending on the company, entry points can start as low as ₹20,000, though the minimum for any specific company is shown as the Min Investment figure on its page.
- What documents do I receive after buying unlisted shares?
You receive an email acknowledging and confirming your order, along with a deal note or invoice recording the transaction details.
- What happens to my shares or money if a deal falls through?
Because Priveq is the direct counterparty on every transaction rather than just connecting a buyer and seller, this risk sits with Priveq, not with you. If a deal falls through after you've committed funds or shares, they remain safe, and Priveq guarantees a refund.