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Wednesday, March 7, 2012

MCX Limited, which recently concluded its mega IPO, would list its Equity Shares on the exchanges from Friday, March 9, 2012. MCX IPO had received a huge response with the IPO getting oversubscribed to the tune of 54 times on an overall basis and about 24 times in the Retail Category

MCX will also become the first new listing to be subject to the recently introduced price discovery mechanism 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.

Check back Indian IPO Blog for more on MCX IPO Listing!

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