Multi Commodity Exchange of India is coming up with a Public offer of 64,27,378 Equity shares. MCX is the leading commodities exchange in India based on the value of commodity futures contracts traded. The value of commodity futures contracts traded on this Exchange in the fiscals 2011, 2010 and 2009 was Rs. 98,415.03 billion, Rs. 63,933.03 billion and Rs. 45,880.95 billion, respectively. MCX offers trading in 49 commodity futures based on contract specifications, from a diverse range of classes including bullion, ferrous and non-ferrous metals, energy and agriculture.
Verdict
Invest with aim to get 20% returns in 3-6 months holding period. You can check out detailed analysis of MCX IPO here.
| Multi Commodity Exchange of India Limited |
|---|
| ISSUE OPENS | 22-Feb-12 |
| ISSUE CLOSES | 24-Feb-12 |
| PRICE BAND | Rs. 860 – Rs. 1032 |
| LOT SIZE | 6 Equity Shares |
| RATING | CRISIL: 5/5 – Strong Fundamentals (This grade indicates that the fundamentals of the Issue are strong relative to other listed equity securities in India) |
Verdict
Invest with aim to get 20% returns in 3-6 months holding period. You can check out detailed analysis of MCX IPO here.
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