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MCX IPO is a book built issue of Rs 663.31 crores.
MCX IPO bidding started from February 22, 2012 and ended on February 24, 2012. The shares got listed on BSE on March 9, 2012.
MCX IPO price band is set at ₹860 to ₹1032 per share. The minimum lot size for an application is 6 Shares. The minimum amount of investment required by retail investors is ₹6,192.
Citigroup Global Markets India Private Limited, Edelweiss Financial Services Ltd and Morgan Stanley India Company Pvt Ltd are the book running lead managers of the MCX IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to MCX IPO RHP for detailed information.
| IPO Date | February 22, 2012 to February 24, 2012 |
| Listing Date | March 9, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹860 to ₹1032 per share |
| Lot Size | 6 Shares |
| Total Issue Size | 6,427,378 shares (aggregating up to ₹663.31 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE |
| Share holding pre issue | 50,998,369 |
| Share holding post issue | 50,998,369 |
MCX IPO offers 5,500,772 shares. 2,162,083 (39.31%) to QIB, 926,607 (16.85%) to NII, 2,162,082 (39.31%) to RII, 250,000 (4.54%) to employees. 360,347 RIIs will receive minimum 6 shares and (sNII) and (bNII) will receive minimum 198 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 2,162,083 (39.31%) | NA |
| NII (HNI) Shares Offered | 926,607 (16.85%) | |
| Retail Shares Offered | 2,162,082 (39.31%) | 360,347 |
| Employee Shares Offered | 250,000 (4.54%) | NA |
| Total Shares Offered | 5,500,772 (100%) |
Investors can bid for a minimum of 6 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6 | ₹6,192 |
| Retail (Max) | 32 | 192 | ₹198,144 |
| Lot Size Calculator | |||
| Share Holding Pre Issue | 31.18% |
| Share Holding Post Issue | 26% |
Incorporated in 2003, Multi Commodity Exchange of India Ltd (MCX) is India based electronic commodity futures exchange. MCX provides online trading facility along with clearing and settlement operations for commodity futures across India.
There are five officially recognized electronic multi-commodity national exchanges in India including MCX, NCDEX, NMCE, ICEX and ACE. These five national multi-commodity exchanges accounted for 99.5% of the turnover of commodity futures contracts traded in India. MCX is the largest among these and have above 80% of the market share of the Indian commodity futures exchange industry.
MCX allows trading in more than 50 commodities across sectors like bullion, metals, energy, weather, and agricultural products. The Exchange is the world's largest exchange in Silver, the second largest in Gold, Copper and Natural Gas and the third largest in Crude Oil futures, with respect to the number of futures contracts traded.
As of December 31, 2010, MCX has more than 2,107 registered members operating through over 180,000 trader work stations in over 1,139 cities across India. MCX emerged as the 5th largest exchange in the world.
Exchange wise market share of financial year 2010:
Multi Commodity Exchange of India Limited (MCX) - 82.3%
National Commodity and Derivatives Exchange Limited (NCDEX) - 11.8%
National Multi Commodity Exchange of India Limited (NMCE) - 2.9%
Indian Commodity Exchange Limited (ICEX) - 1.8%
ACE Derivatives & Commodity Exchange Limited (ACE) - 0.1%
Others - 1.1
| Particulars | For the year/period ended (in Rs. Million) | |||
| 31-Dec-11 | 31-Mar-11 | 31-Mar-10 | 31-Mar-09 | |
| Total Income | 4,745.02 | 4,475.60 | 4,937.01 | 3,658.44 |
| Profit After Tax (PAT) | 2,205.34 | 1,730.97 | 2,207.26 | 1,574.19 |
Read MCX Annual Reports
| KPI | Values |
|---|---|
| RoNW | 20.77% |
The objects of the offer are:
1. To sale 6,427,378 Equity Shares by the Selling Shareholders &
2. To achieve the benefits of listing on the Stock Exchange.
The MCX IPO is subscribed 54.13 times on February 24, 2012 8:30:00 PM. The public issue subscribed 24.14 times in the retail category, 49.12 times in the QIB category, and 150.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 49.12 |
| NII | 150.35 |
| Retail | 24.14 |
| Employee | 0.18 |
| Total | 54.13 |
CRISIL has assigned an IPO Grade 5 to MCX IPO. This means as per CRISIL, company has 'Strong Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read MCX IPO Report
| Listing Date | March 9, 2012 |
| BSE Script Code | 534091 |
| NSE Symbol | MCX |
| ISIN | INE745G01035 |
| Final Issue Price | ₹1032 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹1,032.00 |
| ₹1,387.00 |
| ₹1,282.10 |
| ₹1,426.00 |
| ₹1,297.05 |
| NSE |
|---|
| ₹1,032.00 |
| ₹1,408.00 |
| ₹1,282.20 |
| ₹1,428.55 |
| ₹1,296.70 |
Multi Commodity Exchange of India Ltd
Exchange Square,
Suren Road, Chakala,
Andheri (East), Mumbai 400 093
Phone: (91 22) 6731 8888
Email: mcxofs@mcxindia.com
Website: http://www.mcxindia.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: mailmanager@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
MCX IPO is a main-board IPO of 6,427,378 equity shares of the face value of ₹10 aggregating up to ₹663.31 Crores. The issue is priced at ₹860 to ₹1032 per share. The minimum order quantity is 6 Shares.
The IPO opens on February 22, 2012, and closes on February 24, 2012.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE.
The MCX IPO opens on February 22, 2012 and closes on February 24, 2012.
MCX IPO lot size is 6 Shares, and the minimum amount required is ₹6,192.
You can apply in MCX IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for MCX IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the MCX IPO allotment status.
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