Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

MCX India to lauch IPO by February end

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update

MCX IPO – will open for subscription by investors on Wednesday – February 22, 2012. The IPO closes for subscription on Friday – February 24, 2012. The company is coming out with IPO of 6427378 equity shares of Rs.10 each for cash at a price band of Rs.860.00 – Rs.1032.00 through a 100% book building offer.

MCX India is the first ever exchange in the country to get listed in both NSE and BSE . CRISIL Research has already given rating 5/5 to the proposed initial public offer (IPO) of Multi Commodity Exchange of India (MCX). The size of the IPO could be anywhere between between Rs 650-750 crore.

 
Promoters Financial Technologies India Ltd (FTIL) as also shareholders like State Bank of India (SBI) and the Corporation of Bank are together selling 12.6 per cent stake in the exchange. The IPO could give the exchange the market value of around Rs 5,000 crore. FTIL (Promotors of MCX) holds 31 per cent before IPO and will dilute to 26 per cent.

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

MCX India to lauch IPO by February end

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