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MCX to list shares on BSE on March 9

This article was posted on Mar 8, 2012 and is filed under Market News

MUMBAI: Multi-Commodity Exchange of India Limited (MCX), India’s leading commodity exchange today said its shares will get listed on BSE on Friday, March 9.

MCX will become India’s first exchange to be listed, a company statement said here.

MCX will be at par with other international exchanges in New York, London, Paris, Berlin in the West and Singapore, Hong Kong, Tokyo and Sydney in the East which are listed entities.

The listing ceremony will be held at the BSE on Friday, the release said.

MCX made a public issue of offer for sale of 6,427,378 equity shares of Rs 10 each, which constituted 12.6 percent of the paid-up equity share capital of Rs 50.99 crore. The ipo received overwhelming response with issue oversubscribed 55 times.

The retail portion of the Rs 650 crore IPO was oversubscribed 24.14 times, while qualified institutional buyers (QIBs) and non institutional investors’ portions were oversubscribed by 49.12 and 150.35 times, respectively.

MCX had fixed the issue price at Rs 1,032 per equity share of face value Rs 10.

Source: Economic times

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