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February 22, 2012 - February 24, 2012

MCX IPO Basis of Allotment

Multi Commodity Exchange of India Limited

Our Company was originally incorporated as a private limited company under the Companies Act, 1956, as amended (the "Companies Act") on April 19,2002 as Multi Commodity Exchange of India Private Limited. Subsequently, we were converted into a public limited company and consequently our name was changed to Multi Commodity Exchange of India Limited on May 16,2002. We received a fresh certificate of incorporation dated May 28,2002 from the Registrar of Companies, Maharashtra ("RoC") upon change of name. For details of change in name and registered office, see the sections titled "General Information" and "History and Certain Corporate Matters" on pages 67 and 169 respectively, of the Prospectus.
Registered Office: Exchange Square, Suren Road, Chakala, Andheri (East), Mumbai 400 093 Tel: (9122) 67318888; Fax: (9122) 66494151; Contact Person: R Ramanathan, Company Secretary and Chief Compliance Officer; E-mail: mcxofs@mcxindia.com; Website: www.mcxindia.com

Promoter of our Company: FINANCIAL TECHNOLOGIES (INDIA) LIMITED

PUBLIC OFFER OF 6,427,378 EQUITY SHARES OF RS. 10 EACH OF MULTI COMMODITY EXCHANGE OF INDIA LIMITED ("MCX" OR "OUR COMPANY") THROUGH AN OFFER FOR SALE BY FINANCIAL TECHNOLOGIES (INDIA) LIMITED, STATE BANK OF INDIA (EQUITY), GLG FINANCIALS FUND, ALEXANDRA MAURITIUS LIMITED, CORPORATION BANK, ICICI LOMBARD GENERAL INSURANCE COMPANY LIMITED AND BANK OF BARODA (THE "SELLING SHAREHOLDERS") FOR CASH AT A PRICE OF RS. 1,032 PER EQUITY SHARE AGGREGATING TO RS. 6,633.05 MILLION (THE "OFFER"). THE OFFER COMPRISES A NET OFFER OF 6,177,378 EQUITY SHARES TO THE PUBLIC AND A RESERVATION OF UP TO 250,000 EQUITY SHARES FOR THE ELIGIBLE EMPLOYEES. THE OFFER WOULD CONSTITUTE 12.60% OF THE POST OFFER PAID-UP EQUITY CAPITAL THE NET OFFER WOULD CONSTITUTE 12.11 % OF THE POST OFFER PAID-UP EQUITY CAPITAL

In terms of Rule 19(2)(b)(ii) of the Securities Contracts (Regulations) Rules, 1957, as amended ("SCRR"), this was an Offer for at least 10% of the post-Offer capital where the post-Offer capital of our Company calculated at the Offer Price will be more than Rs. 40,000 million. The Offer was made through the 100% Book Building Process wherein at least 50% of the Net Offer was Allotted on a proportionate basis to Qualified Institutional Buyers ("QIBs"). 5% of the QIB Portion (excluding the Anchor Investor Portion) was available for allocation on a proportionate basis to Mutual Funds only, and the remainder of the QIB Portion was available for allocation on a proportionate basis to all QIB Bidders, including Mutual Funds, subject to valid Bids being received at or above the Offer Price. Further, not less than 15% of the Net Offer was available for allocation on a proportionate basis to Non-Institutional Bidders and not less than 35% of the Net Offer was available for allocation on a proportionate basis to Retail Individual Bidders, subject to valid Bids being received at or above the Offer Price. Further, 250,000 Equity Shares were reserved for allocation on a proportionate basis to the Eligible Employees, subject to valid Bids being received at or above the Offer Price. The Company has Allotted 926,606 Equity Shares of the QIB Portion to Anchor Investors on a discretionary basis in accordance with the SEBI Regulations. The Offer received 435083 applications for 293587548 equity shares resulting in 45.68 times subscription.

The details of the applications received in the Offer from Qualified Institutional Buyers, Non-Institutional Bidders, Retail Individual Bidders, Eligible Employees and Anchor Investors are as under: (Before technical relectlons)

Category No. of
Applications
No. of
Shares
No. of limes
subscription
A Retail Individual Bidders 433408 51359196 23.75
B Non Institutional Bidders 1193 134819472 145.50
C Qualified Institutional Buyers 189 106192932 49.12
D Anchor Investors 15 1172490 1.27
E Employees 278 43458 0.17
Total 435083 293587548 45.68

Final Demand
A summary of the final demand as per the BSE Limited ("BSE") and the National Stock Exchange of India Limited ("NSE") as on the Bid/Offer Closing date at different bid price is as under:

Bid
Price
No. of
Shares
% to
Total
Cumulative
Total
Cumulative
% of Total
Bid
Price
No. of
Shares
% to
Total
Cumulative
Total
Cumulative
% of Total
Bid
Price
No. of
Shares
% to
Total
Cumulative
Total
Cumulattva
% of Total
Bid
Price
No. of
Shares
% to
Total
Cumulative
Total
Cumulative
% of Total
860 586434 0.19 586434 0.19 905 156 0.00 650370 0.21 951 114 0.00 1004070 0.33 997 204 0.00 6824418 2.24
861 714 0.00 587148 0.19 907 6 0.00 650376 0.21 952 100788 0.03 1104858 0.36 998 210 0.00 6824628 2.24
862 870 0.00 588018 0.19 909 132 0.00 650508 0.21 953 18 0.00 1104876 0.36 999 1020 0.00 6825648 2.24
864 288 0.00 588306 0.19 910 822 0.00 651330 0.21 954 1020 0.00 1105896 0.36 1000 123246 0.04 6948894 2.28
865 1386 0.00 589692 0.19 911 18 0.00 651348 0.21 955 246 0.00 1106142 0.36 1001 474 0.00 6949368 2.28
866 6 0.00 589698 0.19 912 48 0.00 651396 0.21 956 24 0.00 1106166 0.36 1002 48 0.00 6949416 2.28
867 108 0.00 589806 0.19 913 6 0.00 651402 0.21 957 18 0.00 1106184 0.36 1003 114 0.00 6949530 2.28
868 18 0.00 589824 0.19 914 6 0.00 651408 0.21 958 168 0.00 1106352 0.36 1005 1062 0.00 6950592 2.28
869 9258 0.00 599082 0.20 915 876 0.00 652284 0.21 960 4842 0.00 1111194 0.37 1006 198 0.00 6950790 2.28
870 2976 0.00 602058 0.20 917 1200 0.00 653484 0.21 961 246 0.00 1111440 0.37 1007 54 0.00 6950844 2.29
871 12 0.00 602070 0.20 920 4002 0.00 657486 0.22 962 222 0.00 1111662 0.37 1008 42 0.00 6950886 2.29
872 24 0.00 602094 0.20 921 66 0.00 657552 0.22 963 90 0.00 1111752 0.37 1010 27378 0.01 6978264 2.29
873 12 0.00 602106 0.20 923 114 0.00 657666 0.22 965 516 0.00 1112268 0.37 1011 54 0.00 6978318 2.29
875 3120 0.00 605226 0.20 925 3750 0.00 661416 0.22 966 126 0.00 1112394 0.37 1012 180 0.00 6978498 2.29
876 1524 0.00 606750 0.20 926 204 0.00 661620 0.22 970 17664 0.01 1130058 0.37 1015 144 0.00 6978642 2.29
877 6420 0.00 613170 0.20 927 6 0.00 661626 0.22 971 5622 0.00 1135680 0.37 1018 18 0.00 6978660 2.29
878 6 0.00 613176 0.20 928 144 0.00 661770 0.22 973 48 0.00 1135728 0.37 1020 1188 0.00 6979848 2.29
880 972 0.00 614148 0.20 930 1314 0.00 663084 0.22 974 270 0.00 1135998 0.37 1021 12 0.00 6979860 2.29
882 12 0.00 614160 0.20 932 156 0.00 663240 0.22 975 5659566 1.86 6795564 2.23 1022 126 0.00 6979986 2.29
883 6 0.00 614166 0.20 933 66 0.00 663306 0.22 976 12 0.00 6795576 2.23 1023 168 0.00 6980154 2.29
884 378 0.00 614544 0.20 935 294 0.00 663600 0.22 978 96 0.00 6795672 2.23 1025 408 0.00 6980562 2.29
885 102 0.00 614646 0.20 936 48 0.00 663648 0.22 979 12 0.00 6795684 2.23 1026 6 0.00 6980568 2.29
890 4548 0.00 619194 0.20 938 390 0.00 664038 0.22 980 27204 0.01 6822888 2.24 1028 30 0.00 6980598 2.29
892 1554 0.00 620748 0.20 940 2688 0.00 666726 0.22 981 30 0.00 6822918 2.24 1029 192 0.00 6980790 2.29
894 102 0.00 620850 0.20 942 24 0.00 666750 0.22 982 6 0.00 6822924 2.24 1030 1932 0.00 6982722 2.30
896 6 0.00 620856 0.20 943 8190 0.00 674940 0.22 985 354 0.00 6823278 2.24 1031 936 0.00 6983658 2.30
899 60 0.00 620916 0.20 945 1500 0.00 676440 0.22 986 102 0.00 6823380 2.24 1032 251016042 82.52 257999700 84.81
900 28248 0.01 649164 0.21 946 22782 0.01 699222 0.23 987 12 0.00 6823392 2.24 Cutoff Price 46193232 15.19 304192932 100.00
901 810 0.00 649974 0.21 949 12 0.00 699234 0.23 990 786 0.00 6824178 2.24
903 240 0.00 650214 0.21 950 304722 0.10 1003956 0.33 995 36 0.00 6824214 2.24

The Basis of Allotment was finalized in consultation with BSE on March 7,2012.

A. Allotment to Eligible Eployees (Aftar Technical Reaction) (Including ASBA Applications)
The Basis of Allotment to the Eligible Employees of the Company, who have bid at Cut-off Price or at the Offer Price of Rs.1,032 per Equity Share was finalized in consultation with BSE. The category was subscribed to the extent of 0.17 times. The total number of shares Allotted in this category is 32562. The under subscription in the Employee Reservation Portion was added back to the Net Offer.

B. Allotment to Retail Individual Bidders (After Technical Rejection) (Including ASBA Applications)
The Basis of Allotment to the Retail Individual Bidders, who have bid at Cut-off Price or at the Offer Price of Rs.1,032 per Equity Share, was finalized on a proportionate basis in consultation with BSE. This category has been subscribed to the extent of 23.75 times. The total number of Equity Shares Allotted in the Retail Individual Bidder category is 2338185 Equity Shares, including spillover from Eligible Employee Reservation Category to the extent of 76103 Equity Shares, Allotted to 306032 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category No. of
Applications
% to
total
Total No. of Equity
Shares applied
% to
total
No. of Equity Shares
Allotted per applicant
Ratio Total No. of Equity
Shares allotted
6 24184 5.69 145104 0.29 6 1:13 11160
12 23031 5.42 276372 0.55 6 2:13 21258
18 15557 3.66 280026 0.55 6 3:13 21540
24 14831 3.49 355944 0.70 6 3:13 20538
30 14235 3.35 427050 0.84 6 4:13 26280
36 7416 1.75 266976 0.53 6 4:13 13692
42 5506 1.30 231252 0.46 6 5:13 12708
48 17890 4.21 858720 1.70 6 6:13 49542
54 5360 1.26 289440 0.57 6 7:13 17316
60 10724 2.53 643440 1.27 6 7:13 34644
66 2821 0.66 186186 0.37 6 9:13 11718
72 3863 0.91 278136 0.55 6 9:13 16044
78 2224 0.52 173472 0.34 6 9:13 9240
84 2063 0.49 173292 0.34 6 10:13 9522
90 5531 1.30 497790 0.98 6 10:13 25530
96 47026 11.07 4514496 8.92 6 10:13 217044
Category No. Of
Applications
% to
total
Total No. of Equity
Shares applied
% to
total
No. of Equity Shares
Allotted per applicant
Ratio Total No. of Equity
Shares allotted
102 7319 1.72 746538 1.47 6 10:13 33780
108 2168 0.51 234144 0.46 6 11:13 11004
114 952 0.22 108528 0.21 6 11:13 4836
120 3448 0.81 413760 0.82 6 11:13 17508
126 1229 0.29 154854 0.31 6 1:1 7374
132 962 0.23 126984 0.25 6 1:1 5772
138 721 0.17 99498 0.20 6 1:1 4326
144 2263 0.53 325872 0.64 6 1:1 13578
150 2757 0.65 413550 0.82 7 1:1 19299
156 745 0.18 116220 0.23 7 1:1 5215
162 712 0.17 115344 0.23 7 1:1 4984
168 586 0.14 98448 0.19 7 1:1 4102
1 2:25 47
174 628 0.15 109272 0.22 8 1:1 5024
180 1759 0.41 316620 0.63 8 1:1 14072
186 1003 0.24 186558 0.37 8 1:1 8024
192 195183 45.96 37475136 74.00 8 1:1 1561464

C. Allotment to Non Institutional Bidders (After Technical Rejection) (Including ASBA Applications)
The Basis of Allotment to the non institutional Bidders, who have bid at the offer price of Rs. 1,032 per Equity share was finalized in consultation with BSE. This category has been subscribed to the extent of 145.50 times. The total number of equity shares allotted in the Non Institutional bidder category is 959223 Equity Shares, including spillover from Eligible Employee Category to the extent of 32616 Equity Shares, Allotted to 913 successful applicant. The category wise details of the Basis of Allotment(Sample) are as under:

Category No. of
Applicationa
% to
total
Total No. of
Equity
Shares applied
% to
total
No. of Equity Shares
Allotted
per applicant
Ratio Total No. of
Equity
Shares Allotted
198 73 6.75 14454 0.01 6 4:17 102
204 13 1.20 2652 0.00 6 3:13 18
210 5 0.46 1050 0.00 6 1:5 6
216 7 0.65 1512 0.00 6 2:7 12
240 15 1.39 3600 0.00 6 4:15 24
276 2 0.18 552 0.00 6 1:2 6
342 2 0.18 684 0.00 6 1:2 6
384 9 0.83 3456 0.00 6 4:9 24
402 5 0.46 2010 0.00 6 2:5 12
426 1 0.09 426 0.00 6 1:1 6
480 34 3.14 16320 0.01 6 5:11 90
504 4 0.37 2016 0.00 6 1:2 12
756 1 0.09 756 0.00 6 1:1 6
978 1 0.09 978 0.00 7 1:1 7
1260 1 0.09 1260 0.00 9 1:1 9
2616 1 0.09 2616 0.00 19 1:1 19
3690 1 0.09 3690 0.00 26 1:1 26
6006 1 0.09 6006 0.00 43 1:1 43
9000 3 0.28 27000 0.02 65 1:1 195
18000 1 0.09 18000 0.01 . 129 1:1 129
21510 1 0.09 21510 0.02 154 1:1 154
48198 1 0.09 48198 0.04 346 1:1 346
65406 1 0.09 65406 0.05 469 1:1 469
126000 2 0.18 252000 0.19 903 1:1 1806
192000 1 0.09 192000 0.14 1377 1:1 1377
348840 1 0.09 348840 0.26 2501 1:1 2501
504720 1 0.09 504720 0.38 3619 1:1 3619
1405038 1 0.09 1405038 1.05 10074 1:1 10074
4844958 1 0.09 4844958 3.62 34742 1:1 34742

D. Allotment to QIBs (After Technical Reactions) (Including ASBA Applications)
Allotment to QIBs who have bid at the Offer Price of Rs 1,032 per Equity Share has been done on a proportionate basis in consultation with BSE. This category has been subscribed to the extent of 49.12 times. As per the SEBI Regulations, Mutual Funds were initially Allotted 5% of the quantum of shares available. i.e.113540 Equity Shares including spill over from the Eligible Employee Reservation Category to the extent of 5256 Equity Shares and other QIBs and unsatisfied demands of Mutual Funds were Allotted the remaining available shares i.e. 2157262 Equity Shares including spillover from the Eligible Employee Reservation Category to the extent of 103283 Equity Shares. The total number of Equity Shares Allotted in the QIBcategory is 2270802 Equity Shares which we re Allotted to 180 successful applicants. The category-wise details of the Basis of Allotment are as under:

Category Fls/Banks Flls MFs ICs VCs Total
No. of Shares 667004 898603 272373 432822 - 2270802

E. Anchor Investors

The Compny Allotted 926,606 Equity Shares to 12 Anchor Investors in consultation with the BRLMs who have bid at the Offer Price of Rs 1,032. This represents 30% of the portion earmarked for Allotment to Qualified Institutional Buyers.
The IPO Committee of the Board of Directors of the Company at its meeting held at Mumbai on March 7,2012 has approved the Basis of Allotment of Equity Shares of the Offer and has Allotted the Equity Shares to various successful applicants.
The CAN-cum-Refund Orders and allotment advice and/or notices have been dispatched to the address of the investors as registered with the depositories. Further the instructions to the SCSBs have been dispatched/mailed on March 7, 2012. Incase the same is not received within ten days, investors may contact the Registrar at the address given below. The Refund Orders have been over-printed with the Bank Account details as registered, if any, with the depositories.

Commencement of Trading: The Equity Shares Allotted to successful applicants have been credited on March 7,2012 to the beneficiary accounts subject to validation of the account details with the depositories concerned. The Company is taking steps for completion of the necessary formalities to get the Equity Shares admitted for trading on the BSE within twelve Working Days from the Bid/Offer Closing Date.

Note: All capitalized terms used and not defined herein shall have the respective meaning assigned to them in the Prospectus dated February 29,2012 filed with the Registrar of Companies, Maharashtra ("Prospectus")

INVESTORS PLEASE NOTE:

The details of the Allotment made would be hosted on the website of Registrars to the Offer, Karvy Computershare Private Limited at http://karisma.karvy.com
All future correspondence in this regard may kindly be addressed to the Registrar to the Offer quoting full name of the First/ Sole applicant, Serial number of the Bid-cum Application Form,
number of shares bid for, name of the Member of the Syndicate and place where the bid was submitted and payment details at the address given below:

Karvy Computershare Private Limited
Plot Nos. 17 - 24,Vtttal Rao Nagar, Madhapur, Hyderabad 500 081
Tel: (91 40) 4465 5000 Fax: (91 40) 23431551
Email: mallmanager@karvy.com Website: http://karisma.karvy.com

Date: March 8,2012
Place: Mumbai
For MULTI COMMODITY EXCHAN6E OF INDIA LIMITED
On behalf of the Board of Directors
Sd/-
Managing Director

TOLL FREE-HELPLINE NUMBER 1-800-3454001

THE LEVEL OF SUBSCRIPTION SHOULD NOT BE TAKEN TO BE INDICATIVE OF EITHER THE MARKET PRICE OF THE EQUITY SHARES ON LISTING OR THE BUSINESS PROSPECTS OF MULTI COMMODITY EXCHANGE OF INDIA LIMITED

Multi Commodity Exchange of India Limited is proposing, subject to market conditions and other considerations, an initial public offer of its equity shares and has filed the Prospectus with the Registrar of Companies ("RoC-). The Prospectus will be available on the website of SEBI at www.sebi.gov.in and the respective websites of the Book Running Lead Managers ("BRLMs") at www.edelwissfin.com, http://www.online.citibank.co.in/rhtm/citigroupglobalscreen1.htm and www.morganstanley.com/ india offer documents. investors should note that investment in equity shares involves a high degree of risk and for details relating to the same, see the section titled "Risk Factors" on page 15 of the Prospectus. This advertisement may not be published or distributed in the U.S., Canada or Japan and is not an offer or solicitation of an offer for sale of securities in the U.S. These securities have not been and will not be registered unter the U.S. securities Act of 1933, as amended, and may not be offer or sold in the U.S. absent registration or an exemption from registration under such act".

MCX IPO Basis of Allotment FAQs

Check the basis of allotment document above to know about how the shares are allocated in MCX IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).

The MCX IPO basis of allotment (published above) tells you how shares are allocated to you in MCX IPO and category wise demand of IPO share.

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Check the basis of allotment document above to know about how the shares are allocated in MCX IPO. Note that there is a separate rule for allotment in each investor category (i.e. Retail, Non-Institutional, Institutional, Employee).