Join us on Whatsapp: +91 7977614821 OR Click here to directly join now!


Wednesday, March 7, 2012

MCX IPO, which will list its Equity Shares on the exchanges on Friday, March 9, 2012, will also be the first company to list its shares under the new SEBI regulation of having a mandatory call auction session in the first hour

According to the new regulation envisaged by the market regulator SEBI, there would be a price discovery mechanism in place for IPO listings through a call auction in the first hour of trade. Based on the price arrived at through the call auction between 9:00 am and 10:00 am, there will be a 20% circuit filter on the stock for the rest of the session.

Thus, for instance, if in the first hour of trade, MCX gets a base price of Rs.1400, then the stock price can hover 20% on either side, i.e. in the range of Rs.1120 to Rs.1680 during the rest of the trading session. If the base price is discovered at Rs.1500, then the stock price can roam around in the range of Rs.1200 to Rs.1800 and so on. Check back Indian IPO Blog for the latest updates on listing price and other info on MCX IPO!

0 comments:

Post a Comment

Indian IPO Blog Feed Subscribers


Enter your email address:

Delivered by FeedBurner

- Disclaimer / Terms of Use
- Privacy Policy
Email: indianipoblog@gmail.com

Subscribe via email

Enter your email address:

Delivered by FeedBurner

By visiting or accessing this Blog and any/all of its subdomains, you solemnly declare that you have read, understood and agree to - Disclaimer / Terms of Service
View our - Privacy Policy

Trending IPO News

Blog Archive

Feed Subscribers