Multi Commodity Exchange of India Ltd IPO Message Board (Page 30)

MCX IPO to open on February 22

Multi Commodity Exchange of India (MCX), country's largest commodity exchange, will open its initial public offering (IPO) of 64.27 lakh equity shares (dilution of 12.6% post issue) for subscription during February 22-24, 2012.

The issue consists of an offer for sale by Financial Technologies (India) Limited, State Bank of India, GLG Financials Fund, Alexandra Mauritius Limited, Corporation Bank, ICICI Lombard General Insurance Company Limited and Bank of Baroda. It means that the company will not get any money through this IPO.

The offer comprises a net offer of 6,177,378 equity shares to the public and a reservation of up to 250,000 equity shares for the eligible employees.

Promoter Financial Technologies will reduce its stake in MCX to 26% from 31.18% through the offer. SBI will cut its holding to 1.04% to 5.18%, Corporation Bank to 3% from 3.48% and Bank of Baroda to 0.82% from 1.03%.

GLG Financials Fund will offload its stake to 0.38% from 1.92% and Alexandra Mauritius Limited to 0.19% from 0.96%.

Rating agency CRISIL assigned a grade 5/5 to the IPO, indicating strong fundamentals.

The book running lead managers for the issue are Edelweiss Financial Services Limited, Citigroup Global Markets India Private Limited and Morgan Stanley India Company Private Limited. Karvy Computershare Private Limited is the registrar.

Source: Moneycontrol

1 lot of 6 share and mx. 162 share maybe .

MCX 600-800 CR
1200/- RS
SUBSCRIBE 8 TO 10 TIMES
ALOTMENT 25000/- RS PER 2 LKH

Multi Commodity Exchange (MCX), India's biggest commodity exchange by turnover, plans to launch an initial public offering of shares on Feb. 21 to raise up to $125 million, two sources with direct knowledge of the matter said on Friday.

India's first IPO of the year will be a key test of investor appetite for share sales in Asia's third-largest economy after weak markets forced many companies to shelve stock offerings last year.

The MCX public offering will open on Feb. 21 for cornerstone investors and a day later for general investors.

The issue will close on Feb. 24, said the sources, who declining to be named as the matter is not public yet.

An MCX spokesman declined to comment. MCX, which will become the first Indian bourse to list its shares on an exchange, said last year it would sell more than 6 million shares representing a 12.6 percent stake in the company through the IPO.

Majority shareholder Financial Technologies (India) Ltd and investors including state-controlled State Bank of India and Bank of Baroda will sell part of their holdings, the company said in its draft prospectus.

The Bombay Stock Exchange's main index dropped nearly 25 percent in 2011, hit by the eurozone debt crisis, rising interest rates and concerns about slowing economic growth in India. Overseas investors were net sellers of about $500 million of Indian stocks last year.

Indian companies raised less than $10 billion through share sales last year, down from more than $24 billion in 2010, according to Thomson Reuters data.

Share offerings in the pipeline include a follow-on share sale by state-run companies Oil and Natural Gas Corp, Steel Authority of India and Bharat Heavy Electricals Ltd.

Hopes of a revival in share sales including IPOs have risen after Carlyle Group, Warburg Pincus and Temasek Holdings raised nearly $740 million by paring their holdings in Indian financial companies in three deals this month.

The sales followed a more than 11 percent jump in the market index last month, its first rise in three months and the strongest month since September 2010.

Morgan Stanley, Citigroup and India's Edelweiss Capital are the bookrunners for the MCX share sale, according to the company's draft prospectus.

Can an Indian Investor apply for Facebook IPO in USA?

It appears that the exchange is no different than other greedy IPO/FPO walas. The issue price appears to be @ 1000--1100/-.Seems, the bad days of the IPO applicants is not yet over.

Because of changing listing norms , fears of investor willl be greatly reduced as there will be no short selling on listing day , only listed share will be available for trading on trade for trade basis. Moreover first onehour will be fixed for price discovery and no tarding will be possible in this period

BEST OF LUCK TO ALL MEMBERS FROM CHEMCHO

FIRST GOOD IPO FOR 2011- 2012

THIS TEAR WAS BAD FOR IPO LAST YEAR WAS RECORD PROFIT

(Reuters) - Multi Commodity Exchange (MCX), India's biggest commodity exchange by turnover, plans to launch an initial public offering of shares on February 21 to raise up to $125 million, two sources with direct knowledge of the matter said on Friday.

India's first IPO of the year will be a key test of investor appetite for share sales in Asia's third-largest economy after weak markets forced many companies to shelve stock offerings last year.

The MCX public offering will open on February 21 for cornerstone investors and a day later for general investors.

The issue will close on February 24, said the sources, who declining to be named as the matter is not public yet.

An MCX spokesman declined to comment.

MCX, which will become the first Indian bourse to list its shares on an exchange, said last year it would sell more than 6 million shares representing a 12.

Majority shareholder Financial Technologies (India) Ltd (FITE.NS) and investors including state-controlled State Bank of India and Bank of Baroda (BOB.NS) will sell part of their holdings, the company said in its draft prospectus.

The Bombay Stock Exchange's main index dropped nearly 25 percent in 2011, hit by the eurozone debt crisis, rising interest rates and concerns about slowing economic growth in India. Overseas investors were net sellers of about $500 million of Indian stocks last year.

Indian companies raised less than $10 billion through share sales last year, down from more than $24 billion in 2010, according to Thomson Reuters data.

Share offerings in the pipeline include a follow-on share sale by state-run companies Oil and Natural Gas Corp (ONGC.NS), Steel Authority of India (SAIL.NS) and Bharat Heavy Electricals Ltd (BHEL.NS).

Hopes of a revival in share sales including IPOs have risen after Carlyle Group, Warburg Pincus and Temasek Holdings raised nearly $740 million by paring their holdings in Indian financial companies in three deals this month.

The sales followed a more than 11 percent jump in the market index last month, its first rise in three months and the strongest month since September 2010.

Morgan Stanley (MS.N), Citigroup (C.N) and India's Edelweiss Capital (EDEL.NS) are the bookrunners for the MCX share sale, according to the company's draft prospectus.

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NEW DELHI: India's largest commodity bourse MCX is likely to launch its up to Rs 750 crore initial public offer (IPO) by month-end, becoming the first ever exchange in the country to get listed.

The company is likely to file today the Red Hearing Prospectus (RHP), the final IPO document, with the Registrar of the Companies, after getting the final go ahead from the SEBI.

When asked whether IPO would hit the market by month-end, MCX Chairman Venkat Chary said, "Hopefully".

Chary further said that MCX IPO would be game changer in the stock market and would lift the sentiment from the current slump. "This IPO will lift all the boats."

He, however, refused to divulge details of the size of the public offer, although sources said that it could be between Rs 650-750 crore.

Promoters Financial Technologies India Ltd (FTIL) as also shareholders like State Bank of India (SBI) and the Corporation of Bank are together selling 12.6 per cent stake in the exchange.

The IPO could give the exchange the market value of around Rs 5,000 crore.

Dear friends , the news of MCX IPO opening tentatively on 22 and closing on 24th is indeed true . One of my friend reserch analyst in a broaking house says is worth in pric band of Rs. 200 - 250 and sheer liability in any higher price band.

Hello Sanjeev Sir,

R u still working with GrapeCity?

The road has been cleared for commodity exchange MCX's listing, with capital markets regulator the Securities & Exchange Board of India (Sebi) approving the exchange's red herring prospectus, according to a person with knowledge of the development.

"Sebi's approval was conveyed to the exchange today (Thursday)," said the person who asked not to be named. "The company is likely to hit the market between the third and fourth weeks of the current month."

An MCX official declined comment. The metals and energy exchange, which enjoys more than 80% market share of the 144 lakh-crore commodity futures market, will now file the RHP with the registrar of companies, informing it about the issue's open and close dates. If everything moves to plan, MCX will become India's first bourse to get listed.

The price band will be announced during one of the road shows expected to commence from the third week of this month, according to market sources.

According to these persons, based on the last deal between two private parties in 2010, each 10 share could be valued anywhere between Rs 1,100 and Rs 1,200, valuing the exchange at around Rs 5,610 - Rs 6,120 crore.

The IPO will see existing shareholders like MCX's promoter Financial Technologies, SBI, Corporation Bank, Bank of Baroda, ICICI Lombard General Insurance, GLG Financials and Alexandra Mauritius, selling over 6.4 million shares, constituting 12.6% of the bourse's paid-up capital.

Edelweiss Capital, Citigroup and Morgan Stanley are bankers for the issue. The offer will be through a 100% book-building process, where not more than 50% will be allocated on a proportionate basis to qualified institutional buyers, not less than 15% to non-institutional bidders and not less than 35% to retail individual bidders.

MCX, set up eight years ago, specialises in offering precious and industrial metals and energy futures contracts. Gold and silver futures post the highest trading turnover, followed by energy, metals and agricultural products.

Regulatory data show gold and silver contracts contributed more than 58% to overall turnover of Rs 144 lakh crore during the financial year through January 15. Agri futures turnover, at Rs 15.9 lakh crore, accounted for just 7.7% of total traded turnover during the period.

22 feb ko mcx ka ipo ane wala hai

please anybody let me know when the MCX IPO will hit the market. I have already kept a portion of my fund to invest in.

MCX IPO will be big hit it will also open gates for listing of other stock exchanges in india

ONGC FPO COMING AT 20 MARCH

Green signal, ipo to hit in feb. be ready .price @1000/1300.

welcome
to
mcx
ipo

So there will be a lot of change in IPO listing. SEBI has done a good job , listing day volatility will be reduced and no scope for short selling on first 10 days

dear maheshbhai,

can you give me mr.shreedhar contact number, i also fan of him and his sharp edge research.

The great Shreedhar bhai has persuaded me to apply for NHAI bonds for getting super duper returns when there was no activity in grey market As always I blindly followed him Grey market rate is 27 buyer Chittorgarh has lost such a great member People like me who are in touch with him are lucky