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Wednesday, February 22, 2012

The Initial Public Offer (IPO) of Multi Commodity Exchange of India Ltd. (MCX) which opened for subscription since today on February 22, 2012, has been fully subscribed on its opening day itself.

The IPO has received bids upto 0.74 times in the QIB category and 0.16 times in the Non-Institutional Investors or the HNI category. The retail investors, meanwhile, have shown even more keenness itself with the subscription reaching 1.50 times in the category on the first day itself.

Considering the past past performance as well as financial position of the company, we've been maintaining our green signal to the IPO. Click here to read our complete analysis on MCX IPO from Indian IPO Blog Insights

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