Dear kumar glvn, Me too Looking for that Eagerly.... I can Just provide you Some Clues for your Queries... Since deadline is by September, it may be Open by this months end or Next month....
About the Price, they had mentioned that they were planning to Raise 700 - 750 Crore. So For 64.27 lakh Shares, it Ranges Between (1090-1170)/share...
We cannot term this as an IPO, It's actually a stake sale by anchor investors. MCX is offering 64.27 lakh shares amounting to 12.6% of paid up equity.
"Under the Forward Markets Commission regulations, no anchor investor can hold more than 26% in a commodity exchange. The time to bring down the stake has been extended to September 2011" Financial Technologies holds 31% Stake in MCX.
Six institutions will cumulatively offer 12.60% stake for sale through the IPO, Which Constitutes Financial Technologies will offload 5.18%, State Bank of India 4.14%, Corporation Bank 0.48%, GLG Financials 1.53%, Bank of Baroda 0.21%, Alexandra Mauritius 0.77% and ICICI Lombard 0.29%. Source: Money Control.
I was Wondering about the purpose of this IPO and found the Above Informations.
IPO will be good. but fundamentls are not so clear. Because now goverment has banned few commodities from trading. and in future might may be they will ban few more commodities. So overall idea is not so clear. and if Inflation goes high they will blame for commodity market only. so I think in market there are many other good options are avlb. now nearlly there 52 week low. so invest in that why to investin MCX IPO ?
IN THIS VOLATILE MARKET CONDITIONS AVOID DIRECT INVESTMENT IN EQUITY. INVEST THROUGH MUTUAL FUNDS. IF INDIA GROWTH STORY IS INTACT DEFINATELY 20-25% GROWTH EXPECTED PER YEAR WITHIN 2/3 YEARS TIME FRAM. IT IS THE SAFEST INVESTMENT. BEST OF LUCK AND HAPPY INVESTING.
Falling stock market and rising interest rates have promoted India's largest commodity bourse, the Multi Commodity Exchange (MCX), postpone its initial public offering (IPO) for now.