The Initial Public Offering (IPO) of India's first Exchange - Multi Commodity Exchange of India Limited (MCX) will be open for subscription from 22/02/12 – 24/02/12. MCX is a leading commodities exchange in India based on value of commodity futures contracts traded.
MCX offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, energy, weather and a number of agri-commodities on its platform. The Exchange is the world's largest exchange in Silver, the second largest in Gold, Copper and Natural Gas and the third largest in Crude Oil futures, with respect to the number of futures contracts traded.
The Offer Details are as follows:
Issue Opens on | Wednesday, February 22, 2012 |
Issue Closes on | Friday, February 24, 2012 |
Price Band | Rs. 860 - 1032 |
Bid Lot Size | Minimum 6 shares & Multiples of 6 thereafter |
Issue Size | 6,427,378 Equity Shares |
Employee Reservation Portion | 250,000 Equity Shares |
Net Issue | 6,177,378 Equity Shares |
Qualified Institutional Bidders portion (50% of Net Offer) | 3,088,689 Equity Shares of Rs. 10 each |
Non-Institutional Bidders portion (15% of Net Offer) | 926,607 Equity Shares of Rs. 10 each |
Retail Investors portion (35% of Net Offer) | 2,162,082 Equity Shares of Rs. 10 each |
BRLM | Edelweiss Financial Services Ltd., Citigroup Global Markets India Pvt. Ltd. and Morgan Stanley India Company Pvt. Ltd. |
Listing on | Bombay Stock Exchange (BSE) |
Registrar to the Issue | Karvy Computershare Private Ltd. |
IPO Grading | "IPO Grade 5/5" by CRISIL Limited |