SEBI has introduced new norms to be followed in case of listing of all new IPOs. The recently concluded MCX IPO would be the first one to be subjected to the new regulations on the listing day. Let's try to understand how these regulations may affect the listing price movements of MCX and future IPOs in the Indian market

According to the new norms mandated by SEBI for IPOs, investors must note that the shares offered under the IPO on the listing day, would initially go through a pre-open session period which will last for an hour between 9:00 AM and 10:00 AM. During this period, investors would be allowed to punch in orders, modify them and/or cancel them during the first 45 minutes, i.e. upto 9:45 AM. The rationale behind such a move is aimed at protecting the interest of the retail shareholders from artificial price-rigging on the bourses.

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!

MCX IPO Allotment Status is expected to be declared and would be available online very soon. The IPO had closed for subscription on Friday, February 24, 2012.

MCX IPO, which has opened for subscription from February 22, 2012, had received an excellent response with the IPO getting subscribed 54.10 times on an overall basis as per data gathered from the websites of NSE and BSE.

The Retail Category received stunning response with 24 times oversubscription, while the HNI category is oversubscribed by a jaw-breaking 150 times. More crucial is the QIB subscription figure which is roughly close to 49 times.

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. Indian IPO Blog Insights had recommended applying to the IPO in full force considering the fundamentals of the company as well as past performance

QIB: 49.12 times
Non-Institutional Investors: 150.35 times
Retail: 24.14 times
Employees: 0.18 times
Overall: 54.13 times

MCX IPO, which has opened for subscription from February 22, 2012, has received an excellent response with the IPO getting subscribed 54.10 times on an overall basis as per data gathered from the websites of NSE and BSE till about 8:30PM on Friday, February 24, 2012.

The Retail Category has received stunning response with atleast 24 times oversubscription, while the HNI category is oversubscribed by a jaw-breaking 150 times. More crucial is the QIB subscription figure which is roughly close to 49 times.

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. Indian IPO Blog Insights had recommended applying to the IPO in full force considering the fundamentals of the company as well as past performance


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QIB: 3.68 times
Non-Institutional Investors: 1.88 times
Retail: 6.91 times
Employees: 0.05 times
Overall: 4.48 times

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