Multi Commodity Exchange of India Ltd (MCX)
Whats the Subscription offer? here is review of the MCX IPO:
Multi Commodity Exchange of India Ltd., the confidential information commodity switch over of India is coming up with its IPO of 67,27,378 sh ars of Rs. 10 each. The IPO price band has been fixed at Rs. 860/- to Rs. 1032/- per equity share. The offer opens on February 22th and closes on February 24th, 2012. Investors can subscribe to the IPO in market lot of 6 shares and multiples thereof.
MCX in detail:
unified in 2003, Multi Commodity Exchange of India Ltd (MCX) is a market leading electronic commodity futures exchange. It is a de-mutualised exchange and has received steadfast recognition from the Government of India on 26 September 2003, to hurry nationwide online trading, clearing and settlement operations of commodities futures transactions.
There are five officially recognized electronic multi-commodity national exchanges in India 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 has in a higher place 80% of the market share of the Indian commodity futures exchange industry.
As on date, MCX offers trading in 53 contracts crossways sectors like bullion, metals, energy, weather and agricultural products. The Exchange is the worlds largest in Silver, the second largest in Gold, Copper and Natural Gas, and the third largest in Crude Oil futures in terms of itemize of futures contracts traded.
Who are the people/investors behind MCX?
Financial Technologies (FTIL), the promoter group of MCX, owns 31.18% of its equity capital. Jignesh P. Shah, Vice Chairman and Non-Executive Non-Independent Director, is a first multiplication entrepreneur and the founder/promoter of the Financial Technologies group of companies. antecedent to establishing FTIL, he was with the BSE,...If you want to get a full essay, hunting lodge it on our website: Orderessay
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