Rajandran R Follow Creator of OpenAlgo - OpenSource Algo Trading framework for Indian Traders. Telecom Engineer turned Full-time Derivative Trader. Mostly Trading Nifty, Banknifty, High Liquid Stock Derivatives. Trading the Markets Since 2006 onwards. Using Market Profile and Orderflow for more than a decade. Designed and published 100+ open source trading systems on various trading tools. Strongly believe that market understanding and robust trading frameworks are the key to the trading success. Building Algo Platforms, Writing about Markets, Trading System Design, Market Sentiment, Trading Softwares & Trading Nuances since 2007 onwards. Author of Marketcalls.in

MCX India to lauch IPO by February end

February 10, 2012 34 sec read

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.

[wp_ad_camp_5]

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.