Multi Commodity Exchange of India Ltd MCX IPO Listing Price

Bidding for MCX IPO began this morning and would continue till February 24. The shares are being sold in the price-band of Rs 860-1,032 a piece.

MCX is going to raise about Rs 663 crore and has already seen ‘anchor investors’ being allocated shares worth about Rs 100 crore. A total of 12 anchor investors have already been allocated about 9.27 lakh shares at the top-end of the price band, taking the overall IPO size to 64,27,378 shares.

It may list around March 9 to 12, 2012 and listing will be according to SEBI’s new guideline. During Listing period, the rules of the game have seen some major regulatory changes, including introduction of circuit filters, pre-open call auction for IPO stocks, mandatory disclosure of track record by merchant bankers and simplification of IPO forms.

Listing » Price can go up to Rs. 1350 to 1450 after listing.

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