Offer Opens on | Offer Closes on | Offer Price |
22nd Feb, 2012 | 24h Feb, 2012 | 860 - 1032 |
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.
Objectives of Multi Commodity Exchange of India Limited (MCX) IPO1. To sale 6,427,378 Equity Shares by the Selling Shareholders
2. To achieve the benefits of listing on the Stock Exchange
CRISIL has assigned an IPO Grade 5(Strong Fundamentals) to MCX IPO
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.
Objectives of Multi Commodity Exchange of India Limited (MCX) IPO1. To sale 6,427,378 Equity Shares by the Selling Shareholders
2. To achieve the benefits of listing on the Stock Exchange
CRISIL has assigned an IPO Grade 5(Strong Fundamentals) to MCX IPO