MCX IPO Details & Review

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MCX IPO Details & Review : Issue opens 22nd February 2012‏

Issue details
Books Opens
February 22, 2012 (Wednesday)

Books Closes
Februay 24, 2012 (Friday)

Price Band:
Rs.860/- Rs.1032/-

Lot Size:
6 Equity Shares into multiples of 6 Equity Shares


FAQs – Multi Commodity Exchange IPO

What does MCX do?
Multi Commodity Exchange (MCX) is a leading commodities exchange in India based on value of commodity futures contracts traded. It is a demutualised exchange and received permanent recognition from the Government of India on September 26, 2003, to facilitate nationwide online trading, clearing and settlement operations of commodities futures transactions.
What is MCX’s market share in commodities?
MCX is the leading commodity futures exchange in India in terms of value of commodity futures contracts traded in metals, energy and certain agricultural commodities. Among the national commodities exchanges in India, MCX’s market share based on the total value of commodities traded in futures markets for the nine months ended December 31, 2011, for gold, crude oil, silver, copper and natural gas futures contracts was approximately 97.1%, 94.8%, 98.5%, 94.9% and 99.9%, respectively. Market share in terms of the total value of commodities futures contracts traded on the Exchange in Fiscal2011 was 82.4% of the Indian commodity futures industry as per data maintained by FMC.
What are MCX’s revenue streams?
MCX derives its income primarily from transaction fees with respect to the trades executed on the MCX, annual subscription fees, member admission fees, terminal charges, proceeds of sale and dividends from investments, and interest from bank deposits.
How are MCX’s expenses spread out?
MCX’s costs include software support charges, personnel costs, depreciation, license fees, communication expenses, shared business support charges, rent and service charges, electricity charges, insurance, and contribution to IPF, which in aggregate accounted for 72.7%, 68.8%, 68.1%, 70.1%, 60.5%, and 55.9% of total expenditure for the nine months ended December 31, 2011 and the fiscals 2011, 2010, 2009, 2008 and 2007, respectively.
Is trading in commodity options allowed?
Under the current Indian regulations, MCX is not permitted to offer trading in commodity options.


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