Multi Commodity Exchange of India Ltd IPO Message Board (Page 26)

The Developed countries Exchanges like CME, CBOT enjoy an EBITDA margin of approximately 60% with a growth of around 9-10%. These exchanges enjoy a P/E of around 17-18x on CY12 earnings. The developing countries also enjoy an EBITDA margin of around 60% with a growth of 10-15% and enjoy a P/E of 24-25x on CY12E. Whereas, MCX being the first listed company is trading at a P/E of 18x on annualized FY12E earnings. We believe that MCX enjoys a lower multiple as compared to other exchanges even though the growth rate is higher. We believe that the valuations are attractive at current levels.
very imp

Dear Friends
I am totally agree with your comments on the MCX IPO and strongly advice you to sobscribe it with full of joy and enjoy.

IPO TIMING IS VERY CRUCIAL,

IPO WILL LIST ON EXCHANGE AROUND 15-17 MARCH 2012

UNION BUDGET ON 16TH MARCH 2012 (SECURITY TRANSACTION TAX REDUCTION ON CARDS)

ON 6 MARCH 2012 ELECTION RESULT OF FIVE STATES IF CONGRESS LOSE IN UP ,UTTRAKHAND AND PUNJAB THEN BAD REACTION ON STOCK MARKET.

SO , CONSIDER THESE POINTS ALSO

It will list around 8-10 March

could iapply seven application with one account through offline asba.pl tell me shredar jee or any bodt

Only 5 applications are allowed from a single bank account

Only one application can be made with one PAN. More than one application with same PAN will be rejected

dont wary mcx will give u 6000-8000 with full application

shreedhar bhai maja aaj gaya apko dekh ke. i also think that mcx will give alteast 7-8 k for 2 lakh application

nice to see sreedhar again. you are celebritty here,people worship you in this forum.donot leave this forum ,instead guide people and your guidance is valuable assests for investors like us

Dear Friends,
Lot of people have called me & asked their opinion about MCX IPO.I thought it is my duty to clarify all doubts existing in several of my chittorgarh friends with whom I do not have any contact otherwise.
1)Circuit during listing:For Issues above 250 Cr there is a circuit limit at 20 percent.
According to SEBI:To plug the high volatility, all new listings will have circuit limits from day one (currently, there’s no circuit). A new listing post IPO will have an auction similar to the pre-trade auction for one hour, where you can enter limit or market orders which won’t get executed until the end of the auction hour. The best price is then found by matching orders and the “equilibrium” price is used as the open for the subsequent part of the day (with appropriate circuits in place).---So effectively it means After auction hour the price was found to 1300 we will have a circuit on 1300 & not Issue price.Hope this clarifies any doubts.

2)Regarding valuations of MCX.:MCX at a trailing estimated FY12 EPS of 60 is valued at 17 PE which favors comparably with other listed exchanges in the world.Since it has 87 percent share & has very good earnings visiblity (as there are no of new products lined up in addition to the upcoming legislation in budget session to allow Institutions) lot of potential is der for upside .
3)MCX being the first Exchange to be listed & an un disputable market leader should trade at a premium to any other listed exchange.
4)No problems for any regulatory intervention like gold loan financing or Micro financing as Agricommodities trading volume forms only a small part of the total volumne generated.
5) It will list in good premium so there is no chance of listing loss as in the case of Relpower etc which came to the market with humongous valuations & which had no business at that point of time.
6)This is not like any other IPO wherein greedy promoters come to offload their stake.The stake holders in MCX are selling their Shares only to meet the norms.
7)I have said before L&T Finance IPO that it can be purchased at 46 post listing but for MCX IPO rate is the best price to purchase.Those who apply for MCX IPO will benefit either short term or long term.There is no harm in earning 3-3.5 k for 10000 Rupees capital invested(Assuming we apply by ASBA & Subscription is 15-20 times).Those who are waiting for QIB response ,The QIB subscription will cross 40 times easily.

This is a oneoff post to my friends in Chittorgarh so that they will get the correct INFO

Sreedhar Sir, at what price 1 should apply, at lower end or at higher end ?

Hi Sreedhar,
Is there any updates on your strategy for this IPO? QIB has not even cross 1 time[NSE alone] until 3 PM today. If we can still apply, do we bid at cut-off price itself? Awaiting your reply.

Sri Sudesh Chopra at 111.11: You have raised a good point. But I understand that circuit limit is 20 percent since MCX Issue is sized over Rs 250 Cr as may please be noted from indianexpress dot com by news by sebi dash tightens dash ipo dash listing dash norms by 902014 by 2. So if we assume that an applicant of 192 shares get allotment for 15 shares, the listing gain could be Rs 3096 or 15 shares Rs 1032 x 20 percent. This may not be fantastic as we all saw in Coal India but good enough as we realize Interest at about 38 percent per annum with least risk in an IPO recommended by several Experts from fundamentals point of view

probably on the first day circuit breaker limit is 20% and not 10%.
so a listing gain of 20% is possible under the new rules.

ipo can over-subscribe 40 times .

For fellow retail investors: I wish to highlight some points to keep in mind while deciding whether or not you wish to participate in this (or any other)issue. First,please note a new rule of the game,viz. the price movements on the listing will be subjected to a 10% circuit breaker. What this means is that if the issue price is Rs.1032, it cannot go up/down by more than 10dd% or Rs.103 per share. Second, CRISIL's rating of 5 is purely for the financial health of the company and without any consideration of the offer price band (Rs.860-1032); it is therefore a positive signal to be factored in in making a decision whether or not to participate in the issue. Third, please keep in mind that almost all of us burnt our fingers, in many issues which were highly rated by the rating agencies, media (business newspapers/magazines,business channels on TV and the other "experts").Most importantly, you have to take your call on investing your hard earned money, and you just do not go to the market to burn it. Beware, please in your self interest.

sreedhar,
plz give your valuable post on mcx issue.whether we can sell 2 out 4 application in grey market at current rate of rs 3400.
thanking you
ts

Ragards MCX Public offer you fails to discolusre requirment regards our case pending in court , even I have made to complain to SEBI , Company and Lead Managerto the issue, Now you will be solemnly ren ponsible for false represetnation in RHP filled with SEBI , dt .10.02.2012 , under section VI : legal and regulatory information ,



You are requested to make proper disclosure about our case in the RHP and make correction or give neccesarry information to the investor , if you fails to do make proper disclosure as our outstanding claims against promotor company MCX and Financial Technology and director thereof, than we will take appropriate remidies as per law and you will be severlly and jointly liable for that,



Brief of the case :

The Court of Addl chief metropolitan Magistrate , Bandra ordered to inquiry against Safal National Exchange promoted by Mother Dairy and Financial Technology and MCX as per the complain filled by the Drishti Multi Commodity Private LTd. for misappropriation of Membership Deposits and not providing electronic platform of trading as promised by the company , and the Promoter (MCS and Financial Technology) threaten to opt the membership of another company membership otherwise all the deposit will be forfeited , now the court has order to inquiry the matter and report the matter before the magistrate .

I recommend to apply in this Issue, Retail Investor will get Nearly 15 shares who had applied for 192 shares.
On Listing day the gain would be around Rs 3500 to 5000.

Dear Mr. Jain: Could you please clarify how have you calculated the listing gain? Kindly keep it mind that on the listing day,the issue will be subject to a 10% circuit breaker;thus, assuming the listing price of Rs.1032, a maximum listing gain @10%works out to Rs.103 per share or Rs.1545 for 15 shares.

It is going to be much sought after issue and there should not be any hesitation in applying.

it is more unlikely that a retail investor gets more than 6 shares for full application, in which case the gain could be in the range of Rs.1500 to Rs.2000.

In my view the chances of listing GAIN is 99%, where as the chances of listing LOSS is 1%.

Any idea, as to by what date do we get the refund or the block on ASBA amount is removed ?

Thanks in advance.

ASBA will be released in 10 to 12 days from the date of the closure of the issue, in normal course.

When it is coming to refund, same is likely to be received with in 13 to 17 days from the closure of the issue.

Mcx ipo=coalindia ipo

After long time an ipo hiting the market, so investor should not be in gungho and apply blindly to 2012 's first ipo .

No point in looking at every tom-dick-harry's views. Go through QIB subscription and large brokerage recommendations.

why capital market has not come up with any rating/recommendations on this IPO till now?