Bookbuilding IPO | ₹663 Cr | Listed at BSE | Wed, Feb 22, 2012 - Fri, Feb 24, 2012
MCX IPO is a book build issue of ₹663.31 crores. The issue is entirely an offer for sale of 0.64 crore shares of ₹663.31 crore.
MCX IPO bidding started from Feb 22, 2012 and ended on Feb 24, 2012. The shares got listed on BSE on Mar 9, 2012.
MCX IPO price band is set at ₹1,032 per share. The lot size for an application is 6. The minimum amount of investment required by an retail is ₹6,192 (6 shares) (based on upper price). The lot size investment for sNII is 33 lots (198 shares), amounting to ₹2,04,336, and for bNII, it is 162 lots (972 shares), amounting to ₹10,03,104.
The issue includes a reservation of up to 2,50,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Citigroup Global Markets India Pvt.Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to MCX IPO RHP for detailed Information.
IPO Open
Wed, Feb 22, 2012
IPO Close
Fri, Feb 24, 2012
Issue Price
₹1032 per share
Market Cap (Pre-IPO)
₹5,263.03 Cr
| IPO Date | 22 to 24 Feb, 2012 |
| Listed on | Fri, Mar 9, 2012 |
| Face Value | ₹10 per share |
| Price Band | ₹860 to ₹1032 |
| Issue Price | ₹1032 per share |
| Lot Size | 6 Shares |
| Sale Type | OFS only |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE |
| Total Issue Size | 64,27,378 shares (agg. up to ₹663 Cr) |
| Offer for Sale | 64,27,378 shares of ₹10 (agg. up to ₹663 Cr) |
| Share Holding Pre Issue | 5,09,98,369 shares |
| Share Holding Post Issue | 5,09,98,369 shares |
| BSE Script Code | 534091 MCX |
| ISIN | INE745G01035 |
MCX IPO comprises a total issue size of 64,27,378 shares. The net offer to the public is 61,77,378 shares, after excluding 2,50,000 shares under a preferential allotment. Of the Net offer 30,88,689 (50.00%) are allocated to QIB, 9,26,607 (15.00%) allocated to NII 21,62,082 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue | Max Allottees |
|---|---|---|---|---|
| QIB Shares Offered | 30,88,689 | 50.00% | 48.06% | NA |
| − Anchor Investor Shares Offered | 9,26,606 | 14.42% | NA | |
| − QIB (Ex. Anchor) Shares Offered | 21,62,083 | 33.64% | NA | |
| NII (HNI) Shares Offered | 9,26,607 | 15.00% | 14.42% | NA |
| Retail Shares Offered | 21,62,082 | 35.00% | 33.64% | 3,60,347 |
| Preferential Reservations | ||||
| Employee Shares Offered | 2,50,000 | 3.89% | NA | |
| Total Shares Offered | 64,27,378 | 100.00% | 100.00% | |
Investors can bid for a minimum of 6 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 6 | ₹6,192 |
| Retail (Max) | 32 | 192 | ₹1,98,144 |
| S-HNI (Min) | 33 | 198 | ₹2,04,336 |
| S-HNI (Max) | 161 | 966 | ₹9,96,912 |
| B-HNI (Min) | 162 | 972 | ₹10,03,104 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2003, 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.
There are five officially recognized electronic multi-commodity national exchanges in India including MCX, NCDEX, NMCE, ICEX and ACE. These five national multi-commodity exchanges accounted for 99.5% of the turnover of commodity futures contracts traded in India. MCX is the largest among these and have above 80% of the market share of the Indian commodity futures exchange industry.
MCX allows trading in more than 50 commodities across sectors like bullion, metals, energy, weather, and agricultural products. The Exchange is the world's largest exchange in Silver, the second largest in Gold, Copper and Natural Gas and the third largest in Crude Oil futures, with respect to the number of futures contracts traded.
As of December 31, 2010, MCX has more than 2,107 registered members operating through over 180,000 trader work stations in over 1,139 cities across India. MCX emerged as the 5th largest exchange in the world.
Exchange wise market share of financial year 2010:
Multi Commodity Exchange of India Limited (MCX) - 82.3%
National Commodity and Derivatives Exchange Limited (NCDEX) - 11.8%
National Multi Commodity Exchange of India Limited (NMCE) - 2.9%
Indian Commodity Exchange Limited (ICEX) - 1.8%
ACE Derivatives & Commodity Exchange Limited (ACE) - 0.1%
Others - 1.1
| Period Ended |
|---|
| Amount in ₹ Crore |
| KPI | |
|---|---|
| RoNW | 20.77% |
| Pre IPO | Post IPO | |
|---|---|---|
| Promoter Holding | 100% | 26% |
| Market Cap | ₹5,263.03 Cr. |
The MCX IPO is subscribed 54.13 times on February 24, 2012 8:30:00 PM (Day 3). The public issue subscribed 24.14 times in the retail category, 49.12 times in the QIB category, and 150.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 49.12 | 21,62,083 | |
| NII | 150.35 | 9,26,607 | |
| Retail | 24.14 | 21,62,082 | |
| Employee | 0.18 | 2,50,000 | |
| Total | 54.13 | 55,00,772 |
CRISIL has assigned an IPO Grade 5 to MCX IPO. This means as per CRISIL, company has 'Strong Fundamentals'. CRISIL assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals. Read MCX IPO Report
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Lead merchant bankers fees and underwriting and Selling Commission (including commission to SCSBs for ASBA applications) | 21.95 |
| 2 | Processing fee to the SCSBs for processing Bid cum Application Forms procured by members of the Syndicate and submitted to SCSBs under the Syndicate ASBA process | 0.11 |
| 3 | Registrar to the Offer fees | 0.45 |
| 4 | Others: Printing and stationery expenses | 3.02 |
| 5 | Listing fees | 0.01 |
| 6 | Advertising and marketing expenses | 17.00 |
| 7 | IPO grading fees | 0.14 |
| 8 | Others | 8.26 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹1,032.00 | ₹1,032.00 |
| Open | ₹1,387.00 | ₹1,408.00 |
| Low | ₹1,282.10 | ₹1,282.20 |
| High | ₹1,426.00 | ₹1,428.55 |
| Last Trade | ₹1,297.05 | ₹1,296.70 |
MCX IPO is a main-board IPO of 64,27,378 equity shares of the face value of ₹10 aggregating up to ₹663 Crores. The issue is priced at ₹1032 per share. The minimum order quantity is 6.
The IPO opens on Wed, Feb 22, 2012, and closes on Fri, Feb 24, 2012.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE.
Zerodha customers can apply online in MCX IPO using UPI as a payment gateway. Zerodha customers can apply in MCX IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in MCX IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The MCX IPO opens on Wed, Feb 22, 2012 and closes on Fri, Feb 24, 2012.
MCX IPO lot size is 6, and the minimum amount required for application is ₹6,192.
You can apply in MCX IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for MCX IPO will be done on [.], and the allotted shares will be credited to your demat account by . Check the MCX IPO allotment status.
The MCX IPO listing date is on Fri, Mar 9, 2012.
