Multi Commodity Exchange of India Ltd IPO Message Board (Page 18)

ONGC FLOP SHOW BY GOVT. THIS IS A LESSON FOR GREEDY GOVT.

NOW, THE AUCTION ISSUE IS ONLY 68% SUBSCRIBED AND ACCORDING TO IPO NORMS IF ISSUE IS SUBSCRIBED LESS THAN 90%. THEN ISSUE IS FAILED AND PROMOTER HAS TO REFUND ALL MONEY TO INVESTOR.

SURE SHOT EFFECT ON NBCC IPO PRICING.

this is not ipo therefore rules not act. this is new format for companies for shares who promoter sales thier equities shares,as per new
lows promoter can hold maximum 75% stakes in the company.

Only 1,35,00,000 bidder for ONGC at 3 pm. What about the rest 42 crore shares. The remaining shares should be allotted those who took decision to sell the shares in auction.
Once again small investor are in safer side through this offer.

We all small investor thanks for the decision taken by Govt.

Source: http://www.business-standard.com/india/news/bajaj-holdings-takes-3-in-mcx-/466292/

Rahul Bajaj-promoted Bajaj Holdings and Investment Ltd has picked a 3.06 per cent stake in the listing-bound Multi Commodity Exchange (MCX).

In a notice to investors, MCX indicated Bajaj purchased 1.56 million MCX shares from Passport Capital LLC. The deal would lead to a change in the list of top 10 shareholders in the prospectus, the company added.


Passport Capital, which operates as a hedge fund, was the fourth largest shareholder in the company with 2.5 million shares or 4.9 per cent stake as on February 10, when the company filed a draft red herring prospectus.
After this deal, Bajaj Holdings will take a joint ninth slot in the top shareholders list, holding an identical number of shares as Nabard. Passport Capital, with less than one million shares, will drop out of that list.

According to sources, transfer agreement between Passport and Bajaj Holdings was struck at Rs 800 per share, a fews days before the MCX offering opened for subscription. The source added the Forward Markets Commission (FMC) is set to clear the share transfer.

Passport Capital had acquired these MCX shares in two tranches in the past, at Rs 860 and Rs 1,155 per share. Thereafter, MCX had issued bonus shares in the ratio of 1:4 to shareholders. After adjusting for the bonus issue, the cost of each share acquisition for Passport comes to Rs 900 plus, said sources.

HT Media, another shareholder with 0.2 per cent stake, also exited the company in the run up to the IPO, according to the above notice. MCX shareholders have raised Rs 663 crore in an offer for sale, pricing each share at Rs 1,032.

The issue is getting listed in early March.

In June 2011, Passport had sold 1.6 per cent stake for Rs 62 crore in Financial Technologies (India) Ltd, one of the promoters of MCX. Passport had been cutting its stake in MCX since 2009, when it held 10 per cent in the company.

Passport Capital had started building up stakes in Financial Technologies during January 2007, when its share was trading at around Rs 1,700. The hedge fund continued to build up stake in the firm as its stock price reached over Rs 3,000 per share and was trading between Rs 2,400 and Rs 2,700 during late 2007, thus, increasing its stake to 4.23 per cent by March 2008. The fund had later averaged out its investment by buying more shares after the financial meltdown in 2008, raising its stake to 10 per cent in March 2009.

San Francisco-based Passport Capital LLC, founded by John H Burbank III in 2000, manages approximately $4.7 billion in assets. It has invested in other Indian companies like VA Tech Wabag and Koutons Retail.

Other shareholders of MCX include Euronext, Merrill Lynch, IFCI, Intel Capital and New Vernon Private Equity, besides ad-for-equity investors HT Media and Bennett, Coleman & Co, among others

Major Blow to Govt on disinvestment of ONGC out of 42,77,74,504 shares Bid came for only 62,10,596 shares at 1.15 pm.
Ongc cash price on NSE is around 290.50 Rs. Very Very Poor Response.
Anybody who ever Bid for ONGC they have to pay Charges charged by Broker Like commission STT & other service charges Levied by exchanges.
Once again ONGC Issue may be dropped. This time due to POOR RESPONSE.

Poor Response to ONGC Offer for Sale through Auction. Till 12 pm out of 42,77,74,504 shares only Bid came for 2,44,664 shares.

Dear, MCX shares are first time coming to market therefore one could have applied for allotment through IPO. once it will get listed you can buy it from market.

It is not a blanket calculation on the allotment. One has to take into acount the number of applicants in the category and the shares applied by them-Just going by the over-subscription may not give the correct picture.If the majority had applied for higher number of share-say Rs 1 lakh and above, then the number of applicants will be less vis-a-vis the total number of shares. So one may end up getting more shares in that case. Informed boarders may throw some light.

This is really silly question, i wanted to buy some shares of
mcx ipo but somehow i am not able to find its scrip code...nor it has any details. Also the fact that i live out of India for past 8-9 years i am kind of blank..with the financial mkts in India.
Is it possible to buy it thru any trading site like sharekhan, 5paisa, icici....and is it offered to individuals or just institutions. I would really appreciate if one of ya'll reply.
Thanks..
Aashay

Once the MCX IPO process will over around 5th march, the stock will list on BSE and then you can trade it using any of the mentioned sites.

TRIBHVAN DAS BHIM JI ZAVERI IPO (PROBABILITY)

AND

NATIONAL BULIDING CONSTRUCTION CO ( DIS INVESTMENT IP0)
IN MARCH

those retailers dancing in the midnight and calculating profits to be made in MCX IPO should remember the IPO's of 2007-2008.

HAVE YOU APPLIED IN THIS IPO?? IF NOT GOOD AND IF APPLIED THEN ALSO GOOD.:)

2007-2008 me jitna maal aya thana utna to coalindia me profit huva tha...(2011 )

all finger of hand is not same size............

Cheque has been debited from account.....

Any new IPO is comming in march...? I applied 180 shares at cut off price.. how much shares iwill get and should I hold or go for lisitng gain.. Please suggest me?

Not more then 8 shares

As the IPO is oversubscribed by abt 24 times & you having applied for 30 lots ( 6x30=180) are likely to get 6*30/24= 7.5 shares..say 8 after rounding off...

Happy listing gains...!!!

CHQ TODAY ALSO NOT CLEARED

Got sms frm sbi chq cleared

any idea which IPOs r coming in march 2012?

at last government did good thing by 290 floor price if it were to give to retail people will have asked for 240 which was the last time ongc rate when fpo decided now government will get 60-70 rs more almost 30 percent more if retail were given they will say 240 is also costly like they are saying to MCX retail will say we will not subscribe at 240 also good work goverment at least for one time all disinvestment should be like this sell at maximum possible retail all retail people sell at opening and shres captured by big babus so instead sell to them at 300

Now the WHITE COLLARS DACIOT are active in the Share Market, They want to sale the ONGC shares through Auction at Rs 290 being the floor Price & No top end price.
Where as the ONGC cash Price on 28/02/2012 at NSE was around Rs 280 Now they need Rs 290 & upward.
I request everybody not to Apply in ONGC as the Issue was cancelled earlier POOR Price. Now we reject the same saying OVER PRICE.
These WHITE COLLAR DACIOTS using public fund like (LIC BANKS & Other Govt Institution) to subscribe this Issue.
I think SEBI should Ban such Govt Institution from Bidding in the auction for fair Value.
They talk about small Retail Investor to safeguard them form IPO which were highly volatile on the listing day. Now in this case what Happen where retail Investor Discount gone. They only need Money.
Avoid this WHITE COLLARS DACIOTS Issue.

people like you retail fools find everything costly see i just posted above message for people like you who is asking to buy at 290 institutions will buy at 300 also you watch the tamasha why should govt give money to the retail idiots who find MCX costly at 1032 see how ongc will be bid by foreign instituions ultimately ongc is national asset and it should not be sold cheap

can anyone tell me how shares are calculate while alloting.

thanks hemant kumar.

some1 had post this calculation can anybody clarify this. (only 35%of left employees quota will given to retail investor.it means46194600/(135020+2162082)=20.10,192/20.10=9.55, it means some one get 9 and some get 10 share)

kisi k cheques aaye hai kya??

not yet cleared
asba completed

Sale of ONGC shares through exchanges is proposed on 1st march 2012. Whether Retail investor can apply in the issue or not. It is suggested to Chittorgarh to start a discussion on the IPO.

yes u can bid through your trading broker

GMP
360-365