February 17, 2012 by akhilendra

MULTI COMMODITY EXCHANGE OF INDIA LTD IPO

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MULTI COMMODITY EXCHANGE OF INDIA LTD IPO

Issue Open:     February 22, 2012

Issue close:      February 24, 2012

Price Band:     Rs. 860 – Rs. 1032 Per Equity Share

Minimum Bid Size:     6 Equity Shares

Face Value:     Rs. 10 Per Equity Share

Issue Type:      100% Book Building

Maximum Subscription Amount  for Retail Investor:            Rs. 200000

MULTI COMMODITY EXCHANGE OF INDIA LTD:

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.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.

IPO Grading / Rating:

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.

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