Analysis and Insights into the world of IPOs and investing in India

Monday, February 20, 2012

MCX IPO Bid Lot and Minimum Application Size

The bid lot or the minimum application lot for the upcoming IPO of Multi-Commodity Exchange (MCX) is 6 Equity Shares and in multiples thereof. The Price Band for the highly talked about IPO is fixed at Rs.860/- to Rs.1,032/- per equity share, having a Face Value of Rs.10/- each

Correspondingly, the minimum application size would be of Rs.5,160/- at the lower end of the Price Band and Rs.6,192/- at the upper end of the Price Band

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

The IPO opens for subscription from Wednesday, February 22, 2012 and is scheduled to close for subscription on Friday, February 24, 2012
Share:

0 comments:

Post a Comment

Blog Archive