Incorporated in 2002, Multi Commodity Exchange of India Limited (MCX) is an independent and de-mutulised multi commodity exchange. MCX has permanent recognition from the Government of India for facilitating online trading, clearing and settlement operations for commodities futures market across the country. ISO 9001:2000 certified MCX is amongst the world's top three bullion exchanges and top four energy exchanges.
MCX offers trading in futures contracts based on 55 commodities from various market segments including bullion, energy, ferrous and non-ferrous metals, oils and oil seeds, cereals, pulses, plantations, spices, plastics and fibers. In the top ten commodity derivatives exchanges in the world, MCX is the largest silver exchange, the second largest natural gas exchange, the third largest gold exchange, the third largest crude oil exchange and the third largest copper exchange in terms of the number of contracts traded for each of these commodities for the period from January 1, 2007 to December 31, 2007.
Headquarter of MCX is in the financial capital of India, Mumbai and the average daily turnover of MCX is around USD 1.55 bn (Rs.7,000 Crore April 2006), with a record peak turnover of USD 3.98 bn (Rs.17,987 crore) on April 20, 2006. In the first calendar quarter of 2006, MCX holds more than 55% market share of the total trading volume of all the domestic commodity exchanges. MCX is the first commodity futures exchange in India to offer trading in steel futures, and the first in India to launch futures trading in crude oil.
Key shareholders of MCX are Financial Technologies (I) Ltd., State Bank of India and it's associates, National Bank for Agriculture and Rural Development (NABARD), National Stock Exchange of India Ltd. (NSE), Fid Fund (Mauritius) Ltd. - an affiliate of Fidelity International, Corporation Bank, Union Bank of India, Canara Bank, Bank of India, Bank of Baroda, HDFC Bank, SBI Life Insurance Co. Ltd., Merrill Lynch and Citigroup.
Objects of the Issue:
- The objects of the Issue are to achieve the benefits of listing on the Stock Exchanges & to raise capital to:
- Expansion and Enhancement of the information technology infrastructure of the Exchange;
- Setting up of the Commodity Ecosystem Infrastructure;
- Equity investment in clearing corporation set up by MCX;
- Strategic investments and acquisitions;
- To meet expenses of the Issue in order to achieve the benefits of listing on the Stock Exchanges;
- General corporate purposes.
Multi Commodity Exchange of India Ltd IPO Information
»» Public Issue Open: *** to ***
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: 10,000,000 Equity Shares of Rs. 5/-
»» Face Value: Rs. 5/-
»» Public Issue Price: *** to ***
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: DSP Merrill Lynch Ltd, Kotak, Citigroup, Enam Securities & JM Financial
»» Registrar: Karvy Computershare Pvt Ltd (Ph: +91-40-2342 0818 Email: einward.ris@karvy.com)
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