No Collection Centres in Punjab For MCX IPO
Regarding MCX IPO collection centres no Bank has been designated in whole of Punjab . This is a gross deficiency . The IPO should be extended by another Three days from 24-02-12 and collection centres re designated in Punjab .
Even Ludhiana which has a Recognized Stock Exchange has be omitted .
Even Ludhiana which has a Recognized Stock Exchange has be omitted .
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MCX enjoys the leadership position in the commodity futures industry, the market shares in terms of total value of commodities futures contracts traded on MCX in Fiscal 2011 was 82.4 % of the Indian commodity futures industry.MCX holds 5 % in Dubai Gold and Commodity Exchange and the book value of this investment was Rs. 2.185 Cr as of December 31, 2011; 100 % in MCX Clearing Corporation Ltd; 5 % in MCX SX; 26 % in MCX-SX Clearing Corporation Ltd; 51 % in SME Exchange of India Ltd with initial investment of Rs. 5,10,000 .The agriculture sector accounted for approximately 14.2 % of India‘s gross domestic product (GDP) at a constant price (2004-05) for the fiscal 2011. India‘s GDP at current market prices for the fiscal 2011 was estimated to be Rs. 78,779.47 billion.Multi Commodity Exchange India Ltd IPO as it will be the first listed exchange on Indian bourses taking the country at par with other markets like US, UK, Japan, Australia, Singapore & Hong Kong. Globally, Exchanges trends to trade at average of 5 times their book value and 16 - 20 times their earnings. READ THE FULL DETAILS HERE http://bhavikkshah.blogspot.in/2012/02/mcx-multi-commodity-exchange-ipo.html
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