MCX also known as Multi Commodity Exchange of India which is the largest commodity exchange of India is all set to bring the initial public offering. This initial public offering is expected to attract large number of investors because of superior fundamentals and also future growth prospectus of commodity market. Credit rating agency CRISIL has assigned a grade of 5/5 to the IPO which indicates good returns for investment.

MCX provides online trading facility to people just like NSE however MCX provides it for commodity trading like silver, copper, gold, crude and so on. The difference between NSE and MCX is that NSE provides online trading facility for stocks while MCX provides for commodity trading.

Multi Commodity Exchange Ltd initial public offer is for around 6.4 million shares, the face value of each share is 10 rupees; MCX IPO will open on 22nd February and close on 24th February. The market lot is 6 shares and the price band for this is between 860 to 1032 rupees. The excepted listing date of this issue is on or after 10th March. Morgan Stanley, Citigroup and India’s Edelweiss Capital are the book runners for this issue.

0 comments… add one

Leave a Comment

Related pages

balance sheet horizontal analysisfluctuating fund systemdifference between factoring and discountingassumption of capm modelwhat is the difference between debentures and sharesthe scope of macroeconomicsmarket oriented pricing advantages and disadvantagestheory of absolute advantage by adam smithlaw of diminishing marginal utility exampleswhat is a bearer chequeexamples of unearned revenuebenefits of oligopolydefinition of substitute goods in economicsaum full formwhat are horizontal mergersmateriality principle accounting definitionvertical analysis of a balance sheetdimeritssystematic & unsystematic riskassumptions of capm explainedwhat is substitution effect and income effectnormal inferior goodsexample of cost push inflationvertical takeoverdifferent types of chequescompanies that are monopolistic competitionmixed economic system advantages and disadvantageswhat is cost pull inflationadvantages of venture capital financingadvantages of a dictatorshipcapital account convertibilityfull form of imps in bankingwhat is a bearer chequedisadvantages of debenturesreceived advance payment journal entryadvantages of swot analysisunearned revenue issingle seller monopolyperfect or pure competitionroce formulaslums curse to urbanisationdefinition subventionthe advantages of globalisationmeaning of regional rural bankscomplement and substitute goodsperfect competition market structure examplesdecentralisation advantagesbartering system definitiondisadvantages of paybackconglomerate diversification strategycrossing of chequesindirect quote currencyslr and crradvantages and disadvantages of income statementhindi meaning of omissionlimitations of absorption costingdifference between trading account and demat accountpenetration pricing strategy definitioncomplements economics examplesbenefits of payback periodvertical vs horizontal analysisadvantages of vertical mergerexample of cash inflowdemerit of capitalismadvantages of subsidiary booksexplicit cost implicit costwhat is law of diminishing returns in economicsgaap full formwhat is substitution effect and income effectfor a monopolistic competitorstrengths of command economyproblems with the barter systemwhat is the difference between a tariff and a quotamain features of globalisationthe disadvantages of democracy