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Multi Commodity Exchange of India Ltd IPO (MCX IPO) Detail

Feb 22, 2012 - Feb 24, 2012

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

Company Financials

ParticularsFor the year/period ended (in Rs. Million)
31-Dec-1131-Mar-1131-Mar-1031-Mar-09
Total Income4,745.024,475.604,937.013,658.44
Profit After Tax (PAT)2,205.341,730.972,207.261,574.19

Read MCX Annual Reports

Objects of the Issue

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.

MCX IPO Details

MCX IPO Date Feb 22, 2012 to Feb 24, 2012
MCX IPO Face Value ₹10 per share
MCX IPO Price ₹860 to ₹1032 per share
MCX IPO Lot Size 6 Shares
Issue Size6,427,378 shares of ₹10
(aggregating up to ₹663.31 Cr)
Issue Type Book Built Issue IPO
Listing At BSE

MCX IPO Lot Size

The MCX IPO lot size is 6 shares. A retail-individual investor can apply for up to 32 lots (192 shares or ₹198,144).

Application Lots Shares Amount
Minimum 1 6 ₹6,192
Maximum 32 192 ₹198,144

MCX IPO Grading

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

MCX IPO Review

Strongly recommended

Read detail review...


MCX IPO Subscription Status (Bidding Detail)

The MCX IPO is subscribed 54.13 times on Feb 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)

CategorySubscription (times)
QIB49.12
NII150.35
Retail24.14
Employee0.18
Total54.13

MCX IPO Prospectus

MCX IPO Rating

1280
3.5
Rating:Rated 3.5 stars
Vote Here ...

MCX IPO Listing Date

Listing Date Friday, March 9, 2012
BSE Script Code 534091
NSE Symbol MCX
Listing In B Group of Securities
ISIN INE745G01035
IPO Price ₹1032 per share
Face Value ₹10 per share

Listing Day Trading Information

.
IPO 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

Company Contact Information

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

MCX IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: mailmanager@karvy.com
Website: https://karisma.kfintech.com/

MCX IPO Review

MCX IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 13 0 0
Members 0 0 0

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IPO Broker Recommendations

MCX IPO FAQs

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 Feb 22, 2012, and closes on Feb 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 Feb 22, 2012 and closes on Feb 24, 2012.

MCX IPO lot size is 6 Shares and the minimum order quantity is .

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, Edelweiss, 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.

The MCX IPO listing date is on Friday, March 9, 2012.
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MCX IPO Message Board

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1053 Comments

685. C.A |   Link |May 21, 2012 5:40:53 PM
Best buy at 550.
684. gundu anna |   Link |May 19, 2012 9:33:25 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
long time before, i told all IPO investors to exit MCX, but lot of people where telling to buy for target of 1800-2000-3000. See where it is now. I told u can buy below IPO price..... only thing we have to do is to wait for opportune moment.

Good luck
683. C.A |   Link |May 19, 2012 8:52:35 PM
where SAIL and maney others steel stock are avlabel at very low rate Rastriya ispath fairvalue not more than 6, 7 rs.
682. C.A |   Link |May 17, 2012 8:55:14 AM
Ipo/fpo investor kisi Nautanki say kam nahi hi, hastay hua paisa lutatay hi rotay chalay jatay hi.
681. C.A |   Link |May 15, 2012 6:57:53 PM
I think indian ipo market investors are worlds folish investors thay look rating,PSU,fandamentals,pramotars each ,but 95% ipo/fpo are trading upto 90% discount .
680. gundu anna |   Link |Apr 9, 2012 4:37:21 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
MCX story is over now. Sell and look for other opportunities.
679. ahmed saeed binmahfooz |   Link |Mar 29, 2012 12:28:04 PM
pls suggest me
678. Ravimba |   Link |Mar 27, 2012 2:47:43 PM
Subscription as of 2 PM:
Total - 2.07 times
Retail Portion - 1.97 times
677. soumnath |   Link |Mar 23, 2012 11:15:01 AM
Where is the talk of Rs 2000 circuit level after its opening ??? All are misguiding & making small investor fool in this forum....
676. RAJESH SHARMA |   Link |Mar 16, 2012 8:20:35 AM
as soon as sell it. exit from it public not sell yet.
675. Shah Chintan |   Link |Mar 14, 2012 11:30:52 AM
Sebi v/s mcx- sx
HC RULES IN FAVOUR OF MCX - SX

MANNER OF INCREASE
& maintaining public shareholding
675.1. AJEET P SINGH |   Link |Mar 14, 2012 7:37:57 PM
It seems that MCX is getting consolidated at 1250 - 1350 range.

If it moves above 1350 then it is sure BUY share. (I will)

Other wise wait and watch.
674. Big bull |   Link |Mar 13, 2012 3:16:31 PM
613 MR.ABHAYJI FEKO MAT
673. ABHAY KUMAR |   Link |Mar 13, 2012 1:51:14 PM
i have allotted only 8 stock against Rs.2,00,000, so on listing date i buy 200 at Rs. 1409. Any body please suggest "main kuchh paunga ya sara gawaunga"
672. romy jain |   Link |Mar 13, 2012 12:15:35 PM
hold for 3 day target 1450. remember my word.
672.1. Imran Kadiwala |   Link |Mar 13, 2012 12:24:50 PM
Ya I also think so.. Thanks for the suggestion...lets see.!! hope for the best..:)
672.2. gundu anna |   Link |Mar 13, 2012 6:17:20 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Ok great, you can sell at 1450.
671. Imran Kadiwala |   Link |Mar 13, 2012 11:42:38 AM
MCX towards new high for today @ 1295, around 5% up.. any suggestions ?? hold or sold ???
670. Dipaaak |   Link |Mar 13, 2012 11:22:22 AM
Today i sold MCX @1287!!!
Thanks to One & All

Vip jpr,
Vishal Sharma,
santonu,
S.kumars,
gundu anna
670.2. Vishal Sharma |   Link |Mar 13, 2012 11:41:37 AM
good job done deepak!!!
670.3. S.kumars |   Link |Mar 13, 2012 12:53:41 PM
relifman depaaak, give stoploss of 1303 , thinking that mcx may get buying fride today!!
669. Mas |   Link |Mar 13, 2012 9:04:57 AM
Real Game will start in MCX after all retailers exit at this price or around 1150/-. Take any IPO true valuation will soon emerge as selling pressure eases which will in coming couple of says.
669.1. Vip jpr |   Link |Mar 13, 2012 11:16:15 AM
Seems true. Even now it's around 5% + from yesterday's closing price.
669.2. AJEET P SINGH |   Link |Mar 14, 2012 7:32:45 PM
Hi
I think it will fallow the same trend as Jubillent and Lovable.
i.e. poor listing so that retail investers sell their shares at nominal price
afterward it will see very very huge return.
I will hold it unless it goes below issue price.
aps

668. gundu anna |   Link |Mar 12, 2012 5:27:38 PM
IPO Mentor IPO Mentor (500+ Posts, 100+ Likes)
Short term inverstors and punters must exit MCX now. MAy go below issue price soon.
667. SUNRISE |   Link |Mar 12, 2012 4:36:18 PM
ANY ONE PLS TELL ABOT MCX ECS RECEIVE OR NOT PNB BANK
667.1. vasu devan |   Link |Mar 12, 2012 6:36:58 PM
have recd their refund cheques today by post/courier
666. harish bhardwaj |   Link |Mar 12, 2012 3:54:01 PM
mere father ne mcx ipo bhara tha lakin galti se a.c not wrong bhar thiya tha. jish ke reson se refund nahi mila. inquiry karne par(karvy me) ye batya gaya ki wrong a.c no likhne ke reson se refund cheque se milaga.can any one tell me ab me kya karo?
666.1. STAR IPO KING |   Link |Mar 12, 2012 4:45:22 PM
wait and respect .share is nothing.