Multi Commodity Exchange of India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 3,088,689 (48%) | — | ₹31,875 Cr |
| NII (HNI) | — | 926,607 (14%) | — | ₹9,563 Cr |
| Retail | — | 2,162,082 (34%) | — | ₹22,313 Cr |
| Employee | — | 250,000 (4%) | — | ₹258 Cr |
| Σ Total | — | 6,427,378 (100%) | — | ₹663,305 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6 | ₹6,192 |
| Retail (Max) | 13 | 78 | ₹80,496 |
| S-HNI (Min) | 14 | 84 | ₹86,688 |
| B-HNI (Min) | 67 | 402 | ₹414,864 |
Financial Statements Amount in ₹ Crore
| Metric | 31-Dec-11 | 31-Mar-11 | 31-Mar-10 |
|---|---|---|---|
| Revenue | 475 | 448 | 494 |
| Profit After Tax | 221 | 173 | 221 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Lead merchant bankers feesand underwriting and Selling Commission (including commission to SCSBs for ASBA applications) – 219.49
- 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 – 1.11
- 3 Registrarto the Offer fees – 4.52
- 4 Printing and stationeryexpenses – 30.24
- 5 Listing fees – 0.11
- 6 Advertising and marketing expenses – 170.00
- 7 IPO grading fees – 1.43
- 8 Others – 82.60
Company Overview
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