Multi Commodity Exchange of India Ltd IPO Message Board (Page 4)

Hello All,

Is it worth risking MCX at opening? buy half around 1400...if falls to 1300, buy remaining...sell above 1500...what say?

Agreed Shiva. But I have kept it for sell @ 1450. Its surly but below 1300.

BSE Pre Market trade @ 1395 (35% gain from issue price 1034)

Multi Commodity Exchange of India (MCX) is also going to list on the National Stock Exchange today with symbol - MCX.

Earlier it had received in-principle approval only from the BSE for listing of equity shares.

Scrip Name Trend H - L 52W v/s LTP LTP % Ch. Buy (Rs.) Sell (Rs.) Buy Qty Sell
MCX LTD 1395.00 +Infinity 1395.00 1395.00 64910 46210

finally it open 1390 Rs.

mcx @ 1390 ...

May I know How to check Pre-Open price at sharekhan or any other website?

bse preopen price 1390 rs.9.40.10am

Live trading of MCX securities will also be available on NSE starting 10 AM only. There will be no pre-open session on NSE.

BREAKING NEWS MCX LISTING IN BOTH EXCHANGES NSE AND BSE WITH 20% FILTER CIRCUITS.

no circuit filter available as per bse site

CIRCUIT LIMIT 20% AS PER NSE

Shall we keep MCX for 1 week or have listing gain ?

AS PER NEW GUIDE LINES SEBI ABOVE 250CRS RS. ISSUE SIZE LIMIT BAND UP SIDE 20% AND BELOW SIDE 20%.IT ALSO HELD IN "T" GROUP ON LISTING DAY

MCX MA GREY WALA THAI GYA VANKA...BHAI BHAI BHALA MORI RAMA, BHALA TARI RAMA, BHAI BHAI............

wait for 1600+

approximate call auction price -1350 to 1400/-

and 20 % circiut means 1680/-

Shares of MCX , India's largest commodity exchange, will debut on the bourses on Friday, after having got an overwhelming response to its initial public offering priced at Rs 1032 a share. Going by the prices being quoted in the grey market, brokers expect the stock to list between Rs 1350-1400.

In the process, MCX will also become the first new listing to be subject to the recently introduced price discovery mechanism through a call auction in the first hour of trade. Based on the price arrived at through the call auction between 9:00 am and 10:00 am, there will be a 20% circuit filter on the stock for the rest of the session.

According to brokerage house CLSA, at Rs 1032 a share, the company is valued at 18 times estimated earnings for the current financial year, which is "reasonable" when compared to valuations of commodity bourses globally.

The massive oversubscription (54 times) meant that all investors got far too few shares than what they had bid for. This is especially true of high networth individuals, who stand to get barely seven shares for every 1000 they have bid for.

Issues which are subscribed heavily usually post handsome gains on listing day, as investors try to make up for the unfulfilled demand by buying in the open market.

A lot would also depend on what valuation investors would be willing to pay for the stock, given the cautious outlook on the market as a whole.

If the stock does jump to Rs 1400, it would trading at 24 times estimated earnings for the current financial year.

"Generally exchanges BSE and NSE are trading at a price-to-earnings of roughly 14-16 times. Considering this, MCX should get base price of Rs 1350-1400 in first hour of trading - a call auction hour," says market expert Arun Kejriwal. A base price of Rs 1400 and a circuit filter of 20% means the stock can move between Rs 1120 and Rs 1680 during the day. Kejriwal expects the share to settle around Rs 1450-1500 on listing day; so the profit for retail investor, who got 8 shares on an application for Rs 2 lakh of shares, will be Rs 3200-4000 - i.e. nearly 24% annualized return over issue price of Rs 1032.

Manish Bhatt of Prabhudas Lilladher said the listing price would be around Rs 1400-1500; so investors could go for profit booking with more than 35% returns over issue price.

After looking at subscription figures, he feels there will be good demand from institutional investors, especially the foreign players.

Investment advisor SP Tulsian expects a base price of Rs 1350 in the price discovery session and sees the stock moving between Rs 1300-1400 for the rest of the day.

Tulsian advised buying share below Rs 1300 and selling above Rs 1400.
Source: http://www.moneycontrol.com/news/ipo-new-listings/mcx-to-debut-friday-seen-listing-around-rs-1350-1400_677750.html#toptag

gundu chacha,
copy paste ke aalawa bhi kuch aat hai.... yaaa dimaaag pura khaaali hai...

I will sell above 1500, and buy below 1250. Beyond this no positions will be taken.

hahaha, the next market god with empty head

MCX may not cross 1470/- on listing day. Rs.1430 is the good level to book profit

hares of MCX , India's largest commodity exchange, will debut on the bourses on Friday, after having got an overwhelming response to its initial public offering priced at Rs 1032 a share. Going by the prices being quoted in the grey market, brokers expect the stock to list between Rs 1350-1400.
In the process, MCX will also become the first new listing to be subject to the recently introduced price discovery mechanism through a call auction in the first hour of trade. Based on the price arrived at through the call auction between 9:00 am and 10:00 am, there will be a 20% circuit filter on the stock for the rest of the session.
For example:
MCX should get base price of Rs 1350-1400 in first hour of trading - a call auction hour," says market expert Arun Kejriwal. A base price of Rs 1400 and a circuit filter of 20% means the stock can move between Rs 1120 and Rs 1680 during the day.

Bubble is being created with mcx ,one should not think that it will trade on 1700 on listing day because sensex is quoating at 14 pe and mcx pe on issue price is 18 .so it will buy on 1200 and sale on 1480.

TCS P/E is in excess of 25 compare to sensex pe of 14. Please do not comment like this way. Your statement cam mislead someone

why are you comparing with bse and nse . compare it with other commodity exchange listed in other countries. price of 1600+ is possible on listing.

Sreedhar Sir,

What is the strategy for MCX IPO. Please post your views. Friends-please post on behalf of Sreedhar if anyone is in touch with him.

He also has strategy for short selling. Pls post his ideas for the benefit of his followers. Thanks in advance.