Best Intraday Tips provider in MCX and Stock Market. Get Daily Updates and Earn Huge Profits. Register for Free Trial to get Free Stock Tips & Commodity Tips. Stock Tips for Today, Nifty Tips, Equity Share Tips, Commodity Tips Tomorrow, Futures Options Tips, Call Put Tips, MCX NCDEX Agri Tips, Positional Calls, Copper MCX Crude Oil Tips, Base Metals Tips, Trend, Levels, Best Stocks to Buy Today.
For More Commodity Tips, Just Give Missed call on 08040751536
Thursday, February 23, 2012
Strong Response to MCX IPO
The Multi Commodity exchange of India's (MCX) Initial Public Offer (IPO) has received strong response as the offer has been oversubscribed within the second day (Thursday) of the issue itself.
Investors are seen bagging an attractive opportunity to invest in the company. Many analysts had given a good recommendation for the stock with Aditya Birla Money issuing a strong buy call.
The IPO was oversubscribed by about 1.5 times, attracting bids worth around Rs 800 crore by afternoon. The issue ends on Friday. This is also the first major IPO of 2012 and will instill confidence amongst companies who have postponed their IPO's fearing weak investor response.
MCX has thus become the first exchange to offer shares and get publicly listed. The price band of the share has been set at Rs 860-Rs 1032/share. Over 64 lakh shares are on offer, accounting for 12.6% stake in MCX. 2.5 lakh shares have been reserved for company employees. FTIL, SBI, Bank of Baroda, ICICI Lombard etc are some of the shareholders liquidating a part of their stake.