Multi Commodity Exchange of India Ltd IPO Message Board (Page 33)

tell me about mcx ipo

MUMBAI : The Multi Commodity Exchange (MCX) is expected to submit a fresh application to SEBI for its initial public offer as the validity period for its offering is set to end shortly.

“The Sebi approval for the IPO expires on August 11 and if the IPO is not listed then a fresh application has to be filed,” said a source close to the development on the sidelines of a conference.

The source said that the company can re-apply the very next day after the validity period of the earlier approval expires. But the fresh application has to be submitted within the current financial year. In case the company fails to do this, it would have to undertake a fresh audit, which would be a long-drawn process.

Companies that have received Sebi’s nod have to complete the process of listing within 90 days to avoid refiling their offer documents.

The other IPOs which Sebi had approved around the same time as MCX were that of UTI AMC and Reliance Infratel. While UTI AMC has decided to shelve its plans for now, there is no word on the IPO plans of Reliance Infratel.

In case MCX re-applies, it would be the only company in recent times to do so, an industry source said.

MCX expects to raise Rs 500-600 crore from the capital market, partly through issuing fresh equity and partly through dilution of the existing stake of shareholders. The issue price is expected to be close to Rs 600 per share.

According to the current draft prospectus, 60 lakh fresh shares would be issued, while existing equity holders would offload 40 lakh shares.

Of this, about 35 lakh shares of Financial Technologies (FTIL), one of the primary financiers of MCX, would be sold, bringing down its share in the company to 26% from the current 32%.

In February, FTIL had already sold 5% of its stake to New York Stock Exchange. At that time, the exchange was valued at $1.2 bn, or Rs 5,000 crore

When MCX will hit market?Still in doubt about subscribing.Issue price is the key.Will they leave anything for investors?

ipo deffer hurrey.........

Any projections how this IPO will do?

Agar issue price Rs.300 se upar hoga to iska bhi result Rpower jaisa rahega.

MCX public issue by August
2008-07-18 09:16:48 Source : The Hindu Business Line.

Braving the turbulent market conditions, the MCX initial public offering (IPO) is slated for launch during the first half of August. Mr Joseph Massey, Joint Managing Director, MCX, said the decision on the exact date for the IPO launch will be taken early next week.

MCX, which received the SEBI approval for IPO on May 15, has to tap the market before August 15, after which the SEBI approval will expire.

IPO deferred
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Companies that had received SEBI’s nod has to complete the process of listing within 90 days, else they have to re-file their offer documents, said an analyst. Once the process is completed, MCX will become the first commodity exchange in India to be listed on a stock exchange.

At an expected price band of Rs 500-600, the company will raise about Rs 500 crore to Rs 600 crore, said a source. According to the draft red herring prospectus (DRHP), the public issue will be of one-crore equity shares of Rs 10 each.

The IPO would comprise fresh issue of 6-million shares and another 4-million shares will be offloaded by Financial Technologies Ltd and Corporation Bank. Earlier, MCX, in June 2006, deferred its IPO plan after receiving SEBI’s approval.

However, this time around, Mr Jignesh Shah, CEO and Managing Director of MCX, was on record that the issue will hit the market despite weak market sentiments. Recently, NYSE Euronext acquired 5 per cent equity stake in the MCX for Rs 220 crore, valuing the exchange at USD 1.1 billion.


Highest rating
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Rating agency CRISIL recently rated MCX IPO at the highest grade of 5/5. The grade indicates that the fundamentals of the issue are strong. It is neither a trading recommendation, nor a comment on the future market price or its suitability, it said.

Currently, MCX enjoys market leadership, with a share of 77 per cent in volumes traded on commodities exchanges in India. The company has focused on commodities such as bullion, energy and metals, which are benchmarked to international prices, Crisil said. Of the company’s total turnover, bullion accounts for 53 per cent, metals for 28 per cent, energy for 16 per cent and agricultural commodities account for the rest, reports The Hindu Business Line.

It is rumored that the price will be around 650 or more. But given the market conditions this year, it is doubtful that this price will be sustainable. Its just too high and its doubtful if it will get subscribed in full at that price. The promoters will have to think very carefully about the pricing of this ipo

issue ki opening date kabhi hai?

MCX IPO Ka Price aur IPO Date Ka Intjar Karo Uske Baad Hi MCX Ke
IPO Ko Achha Ya Bura Kahe Sakte Hain

IT SEEMS THAT THIS IPO ISA GOOD IPO AND IT WILL PAY IN THE LONG RUN.

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 ?

tell me the opening date plzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

when this ipo will hit the market???????

rpower ka bhai

It seems to be good ipo but still price band is to fixed .it will definately pay in the long run ,invest with the idea/mind of long term.

good issu this is good ipo apply full application for allotment

IPO IS GOOD simler to RPO ISSUE . BUT AT PRESENT MARKET CONDITION IS NOT GOOD.SO I MAY SUGGEST YOU TO INVEST IN INDEX BASE SHARE. FOR i.e. DLF, NTPC, ETC.

can any body tell me subscription of avon weight system and approx listing price

MCX IS VERY GOOD IPO