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MCX IPO Creates Records; Becomes The Highest Subscribed IPO On Day One

MCX was subscribed 91 % on its first day on Wednesday. The investors registered bids worth amount of about Rs.50 lakh shares. These accounted for 90.7 % of about 55 lakh shares being sold through the 100 % book-building process.We had already told you about this IPO well before in hand.

MCX Logo

MCX Logo

This is the first time ever an IPO, the Initial Public Offer of top commodity exchange by an Indian bourse has witnessed such huge demand from retail as well as institutional investors.

Only during the first day, the shares reserved for retail investors got over-subscribed 1.5 times and the portion reserved for institutional investors was subscribed 74 %. Their bids worth was estimated to be over Rs 300 crore and about Rs 150 crore respective to both retail investors and institutional investors.

The bidding began on the morning of February 22nd for the MCX offer and would continue till February 24th. The shares are being sold in the price-band of Rs.860 – Rs.1, 032 a piece.


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