MCX IPO – Huge Hit

March 6, 2012   ·   1 Comments

After Blockbuster subscription to the MCX IPO, IPO is all set to get listed on Stock exchange on Thursday, 9th March. Retail participant is likely to get 8-9 shares per 2 Lac rs. Application. Are you excited about the listing price, allotment status & how to trade after listing? Then read on.

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Grey market premium of MCX IPO crosses Rs. 400 Level looks like listing of the stock can be as high as 1420-1450 Rs. Stock can even shoot to the crazy levels of 1600 to 1800 Rs. Traders should try to book on any rate above 1500 Rs though Listing will be purely on the sentiment of the markets. UPA loosing in the grounds of UP, Punjab & other states are not going to go well for the markets.

Fundamentals that can work in favour of MCX are:

  1. The benefit of being the largest stock exchange in India
  2. Good topline and bottomline growth. Total income of the company has grown from Rs.2279 crores to Rs.4472 crores in a span of 7 years i.e. from 2007-08 to 2010-11.
  3. Other parameters such as EBITDA are good and have shown continuous increase.

Discovery Price range for IPO:

MCX IPO Discovery priced fixed at Rs. 1032 (Higher price band). IPO was subscribed 54.13 times meaning for a 500 crore rs. IPO (100 million dollar IPO), 27000 crore rs. (5.4 Billion Dollar) came in for subscription which is really huge.

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MCX IPO Refund/Allotment likely on 6th March

No. of SharesOffered 22-2-2012 23-2-2012 24-2-2012 After Spillover fromEmployee Quota
QIB 21,62,083 0.74 3.68 49.12 46.88
HNI 9,26,607 0.16 1.88 150.35 145.50
Retail 21,62,082 1.50 6.91 24.16 23.18
Employee 2,50,000 0.00 0.05 0.18
Average 55,00,772 0.91 4.48 54.13 54.13

MCX finally subscribed over 54.13 times.

After successful MCX IPO, lot more IPO’s are quickly aligning themselves in the race of getting their stock listed on the stock exchange. In the coming days, one can expect furry of IPO’s.

Rajesh Singla

Rajesh is the founder & CEO of Stockssavvy, Stocks analyst,financial advisor by choice,software engineer by fate,biker,gamer,cricket lover n enthusiastic person. He believes in doing things not just to get by but to get Ahead...

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