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)|
|Profit After Tax (PAT)||2,205.34||1,730.97||2,207.26||1,574.19|
Read MCX Annual Reports
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.
»» Issue Open: Feb 22, 2012 - Feb 24, 2012
»» Issue Type: Book Built Issue IPO
»» Issue Size: 6,427,378 Equity Shares of Rs 10 aggregating up to Rs 663.31 Cr
»» Face Value: Rs 10 Per Equity Share
»» Issue Price: Rs. 860 - Rs. 1032 Per Equity Share
»» Market Lot: 6 Shares
»» Minimum Order Quantity: 6 Shares
»» Listing At: BSE
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
Check IPO Ratings from other stock analysts.
|Number of Times Issue is Subscribed (BSE + NSE)|
|As on Date & Time||QIB||NII||RII||Employee||Total|
|Shares Offered / Reserved||2,162,083||926,607||2,162,082||250,000||5,500,772|
|Day 1 - Feb 22, 2012 17:00 IST||0.7400||0.1600||1.5000||0.0000||1.0000|
|Day 2 - Feb 23, 2012 17:00 IST||3.6800||1.8800||6.9100||0.0500||4.4800|
|Day 3 - Feb 24, 2012 20:30 IST||49.1200||150.3500||24.1400||0.1800||54.1300|
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