The Multi Commodity Exchange (MCX), India's biggest commodity exchange by turnover, is coming up with an IPO of Equity Shares which would open for subscription from February 22, 2012. The IPO would remain open for subscription till February 24, 2012. The public issue will comprise sale of about 64.27 lakh shares, accounting for a 12.6 per cent stake in the company
The company will become the first Indian bourse to list its shares on an exchange. "This will be a trend-setter for other exchanges, especially stock exchanges to follow," said Jignesh Shah, vice-chairman of MCX.
MCX IPO has been rated with an IPO Grade 5/5 by CRISIL.This grade indicates that the fundamentals of the IPO are strong relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, its future market price or suitability for a particular investor
The company will become the first Indian bourse to list its shares on an exchange. "This will be a trend-setter for other exchanges, especially stock exchanges to follow," said Jignesh Shah, vice-chairman of MCX.
MCX IPO has been rated with an IPO Grade 5/5 by CRISIL.This grade indicates that the fundamentals of the IPO are strong relative to other listed equity securities in India. However, this grade is not an opinion on whether the issue price is appropriate in relation to the issue fundamentals. The grade is not a recommendation to buy, sell or hold the graded instrument, its future market price or suitability for a particular investor
