India’s largest commodity exchange by turnover - Multi Commodity Exchange’s (MCX) initial public offer (IPO) was oversubscribed 52.75 times till 1600 hrs on the final day of issue. As per the data available with the NSE, total bid of 290,170,014 shares were received for the issue of 55,00,772 shares and 40,695,318 bids were received at the cut-off price. The exchange has raised its targeted amount of Rs 663 crore before the end of the penultimate day itself.
MCX has set the price band of Rs 860 to Rs 1,032 a share having face value of Rs 10 each. Edelweiss Capital, Citigroup and Morgan Stanley were the book running lead managers and Karvy Computershare was the registrar to the issue.
MCX, which will be country’s first exchange to be listed on the bourses, presently enjoys more than 80% market share of the Rs 144 lakh-crore commodity futures market. With this offer, the existing shareholders viz. Financial Technologies, SBI, Corporation Bank, Bank of Baroda, ICICI Lombard General Insurance, GLG Finanials and Alexandra Mauritius will sell nearly 12.6% of their share from MCX’s paid-up capital.
Placed its footmark eight years ago, MCX specialises in offering precious and industrial metals and energy futures contracts. Gold and silver futures post the highest trading turnover, followed by energy, metals and agricultural products. Presently, the equity shares are proposed to be listed on Bombay Stock Exchange and will be listed at a later date on the National Stock Exchange.
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: