IPO News

All you want to know about MCX IPO!!



Posted On : 2012-02-16 11:28:38( TIMEZONE : IST )

All you want to know about MCX IPO!!

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 onWednesday, February 22, 2012
Issue Closes onFriday, February 24, 2012
Price BandRs. 860 - 1032
Bid Lot SizeMinimum 6 shares & Multiples of 6 thereafter
Issue Size6,427,378 Equity Shares
Employee Reservation Portion250,000 Equity Shares
Net Issue6,177,378 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
BRLMEdelweiss Financial Services Ltd., Citigroup Global Markets India Pvt. Ltd. and Morgan Stanley India Company Pvt. Ltd.
Listing onBombay Stock Exchange (BSE)
Registrar to the IssueKarvy Computershare Private Ltd.
IPO Grading"IPO Grade 5/5" by CRISIL Limited

Source : Equity Bulls

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