MCX IPO (Initial Public Offering) : Finally subscribed 150.35 times

by khalid on 25/02/2012 · 3 comments



The IPO of  MCX has received a goor response from the investors with the final day subscription figure reached to 54.10 times on an overall basis. MCX IPO was open on 22nd February 2012 and got closed on 24th February 2012 for subscription. The IPO has managed to get a better response from Non Institutional Investors (NIIs) Category where it overbid by 150.35 times on the final day of subscription. The price band for the issue was Rs 860 Per Equity Share at lower level and Rs 1032 at upper level. Multi Commodity Exchange of India Ltd (MCX) is India based electronic commodity futures exchange. MCX provides online trading facility along with clearing and settlement operations for commodity futures across India. There are five officially recognized electronic multi-commodity national exchanges in India including MCX, NCDEX, NMCE, ICEX and ACE.

The category-wise subscription status of IPO on closing of the final day is given below:-

Qualified Institutional Buyers (QIBs) : 49.12 times

Non Institutional Investors : 150.35 times

Retail Individual Investors : 24.08 times

Overall : 54.10 times

The equity shares offered through the IPO are proposed to be listed on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE).

The Book running lead manager (BRLM) to the issue are Citigroup Global Markets India Private Limited, Edelweiss Capital Limited and Morgan Stanley India Company Pvt Limited.

Registrar of the Issue : Karvy Computershare Private Limited Hyderabad.

Stay tuned to BelltheBull Blog for more on MCX IPO !

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sara March 15, 2012

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