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


Click here to view detailed insight on MCX IPO from Indian IPO Blog Insights
Click here for all posts on MCX IPO

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

QIB: 0.74 times
Non-Institutional Investors: 0.16 times
Retail: 1.50 times
Employees: 0.00 times
Overall: 1.00 times

Multi Commodity Exchange of India Ltd. (MCX), has entered the capital markets with an IPO of 6,427,378 Equity Shares of Rs.10/- each from today. The shares would be offered in a price band of Rs.860/- to Rs.1,032/- per equity share. The IPO would close for subscription on February 24, 2012

Multi Commodity Exchange of India Ltd. (MCX) is the Indian electronic commodity futures exchange. The company is taking an entry in the markets with expectations from many of reviving the bleeding IPO market. Does it have what it takes? Let's try and find out in this Detailed Analysis on MCX IPO from Indian IPO Blog Insights

Check back Indian IPO Blog for latest subscription status updates on the MCX IPO!

Multi Commodity Exchange of India Ltd (MCX), an electronic commodity futures exchange, is coming up with an IPO of 6,427,378 Equity Shares of Rs.10/- each. The shares would be offered in a price band of Rs.860/- to Rs.1,032/- per equity share

The IPO opens for subscription from tomorrow, February 22, 2012 and would close for subscription on February 24, 2012

CRISIL has assigned an IPO Grade 5 to MCX IPO. This means as per CRISIL, the company has 'Strong Fundamentals'. CRISIL assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

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


Click here to view detailed insight on MCX IPO
Click here for all posts on MCX IPO

Multi Commodity Exchange of India Ltd (MCX), the Indian electronic commodity futures exchange, is entering the capital markets with an Initial Public Offering (IPO) with a certain amount of bang around it and an expectation from many of reviving the bleeding IPO market. Does it have what it takes?

Let's try and find out in this Detailed Analysis on MCX IPO from Indian IPO Blog Insights

Multi-Commodity Exchange (MCX) is entering the capital markets with an IPO which would open for subscription from February 22, 2012. The shares would be offered in a price band of Rs.860/- to Rs.1,032/- per equity share with a bid lot of 6 Equity Shares and in multiples thereof. The IPO would remain open for subscription till February 24, 2012

Click here to download the Draft Red Herring Prospectus (DRHP)
Click here to download the Red Herring Prospectus (RHP)

No. of sh.	Price	Amt (Rs.)
6	1032	6,192
12	1032	12,384
18	1032	18,576
24	1032	24,768
30	1032	30,960
36	1032	37,152
42	1032	43,344
48	1032	49,536
54	1032	55,728
60	1032	61,920
66	1032	68,112
72	1032	74,304
78	1032	80,496
84	1032	86,688
90	1032	92,880
96	1032	99,072
102	1032	105,264
108	1032	111,456
114	1032	117,648
120	1032	123,840
126	1032	130,032
132	1032	136,224
138	1032	142,416
144	1032	148,608
150	1032	154,800
156	1032	160,992
162	1032	167,184
168	1032	173,376
174	1032	179,568
180	1032	185,760
186	1032	191,952
192	1032	198,144

Issue opens on: Wednesday, February 22, 2012
Issue closes on: Friday, February 24, 2012
Issue Size: 6,427,378 Equity Shares of Rs.10/- each
Price Band: Rs.860/- to Rs.1032/- Per Equity Share
Bid Lot: 6 Equity Shares and in multiples thereof
Lead Manager: Citigroup Global Markets India Private Limited, Edelweiss Capital Limited, Morgan Stanley India Company Pvt Ltd
Registrar: Karvy Computershare Private Limited

CRISIL has assigned an IPO Grade 5 to MCX IPO. This means as per CRISIL, the company has 'Strong Fundamentals'. CRISIL assigns IPO grading on a scale of IPO Grade 1 to IPO Grade 5, with IPO Grade 1 indicating poor fundamentals and IPO Grade 5 indicating strong fundamentals

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.

Earlier, CRISIL Research had undertaken a fresh grading exercise for MCX as the grade assigned to the company on June 15, 2011 had expired and has reaffirmed grade 5/5 to the proposed initial public offer (IPO) of Multi Commodity Exchange of India (MCX)

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 Price Band for the high profile IPO of MCX has been announced. The shares will be offered within a price band of Rs.862/- to Rs.1,032/- per equity share. Multi Commodity Exchange of India (MCX), the country's largest commodity exchange, will open its initial public offering (IPO) of 64.27 lakh equity shares for subscription from February 22, 2012

The Book Running Lead Managers for the issue are Edelweiss Financial Services Limited, Citigroup Global Markets India Private Limited and Morgan Stanley India Company Private Limited. Karvy Computershare Private Limited is the Registrar to the Issue

Check back Indian IPO Blog for detailed insight on MCX IPO!

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