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
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MCX Listing on Friday -09-03-2012 - Update by Bhavikk Shah
HI FRIENDS,
MCX IPO shares will list on Friday, March 09, 2012. Issue price of this IPO was fixed at Rs 1032/- per share. IPO was oversubscribed by 54.13 times (24.14 times in retail) on closing day.
MCX IPO Listing Detail
Listing Date: Friday, March 09, 2012
BSE Scrip Code: 534091
NSE Scrip Code: MCX
Listing In: 'B' Group of Securities
ISIN: INE745G01035
Issue Price: Rs. 1,032.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share
HOPE IT LISTS AS EXPECTED...
YOUR FRIEND,
BHAVIKK SHAH
http://bhavikkshah.blogspot.
MCX IPO shares will list on Friday, March 09, 2012. Issue price of this IPO was fixed at Rs 1032/- per share. IPO was oversubscribed by 54.13 times (24.14 times in retail) on closing day.
MCX IPO Listing Detail
Listing Date: Friday, March 09, 2012
BSE Scrip Code: 534091
NSE Scrip Code: MCX
Listing In: 'B' Group of Securities
ISIN: INE745G01035
Issue Price: Rs. 1,032.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share
HOPE IT LISTS AS EXPECTED...
YOUR FRIEND,
BHAVIKK SHAH
http://bhavikkshah.blogspot.
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HI FRIENDS,
ReplyDeleteMCX IPO shares will list on Friday, March 09, 2012. Issue price of this IPO was fixed at Rs 1032/- per share. IPO was oversubscribed by 54.13 times (24.14 times in retail) on closing day.
MCX IPO Listing Detail
Listing Date: Friday, March 09, 2012
BSE Scrip Code: 534091
NSE Scrip Code: MCX
Listing In: 'B' Group of Securities
ISIN: INE745G01035
Issue Price: Rs. 1,032.00 Per Equity Share
Face Value: Rs. 10.00 Per Equity Share
HOPE IT LISTS AS EXPECTED...
YOUR FRIEND,
BHAVIKK SHAH
Hi Friends
ReplyDeleteAs expected -
MCX got listed on BSE and NSE (under special trading security) at Rs.1387, 34 % premium over the issued price of Rs. 1032.
MCX was expected to get list around 1200 whereas listing price was far much higher than anticipation.
The Investors who were looking for listing gain should book profit and people who has invested for long term can wait for prices of Rs.1500 to Rs.1600 in a six months from now. People who were not able to get the allotment can enter the stock but only at levels of Rs.1225 to Rs.1250 where it can be bought for long term gains.
Your Friend
Bhavikk Shah
It was a inspiring post and it has a significant meaning and thanks for sharing the information.Would love to read your next post too……..Copper Updates
ReplyDeleteHI FRIENDS,
ReplyDeleteAN IMPORTANT UPDATE ON BSE -
Valuation of Equity Shares of BSE Limited -
The Exchange vide its Notice No. 20110615-06 dated June 15, 2011 informed the members about the value of shares of BSE Limited to be taken into account by them as fair value for the purpose of computation of their Networth as on March 31, 2011 & September 30, 2011.
The Exchange in order to have uniformity with regard to value of shares of BSE Limited based on the formula mentioned in the Exchange Notice dated December 1, 2008 has determined the Fair Value of Shares of BSE Ltd., duly certified by the Auditor of the Exchange at Rs.161.48 per share. This value can be taken into account by the trading members for the purpose of computation of Networth as on March 31, 2012 and thereafter for the purpose of computation of Networth as on September 30, 2012.
For the purpose of computation of Networth, members are requested to apply 50% haircut to the Fair Value of shares of BSE Limited as mentioned above.
It is to be noted that, the trading members may take any other value lesser than the valuation done by BSE Limited if the value is certified by the Chartered Accountant.
Accordingly, trading members for the purpose of computation of Networth as on March 31, 2012 and September 30, 2012 can take value of shares of BSE Limited at either Book Value i.e. Re.1/- per share or Fair Value duly certified by Auditor of BSE Limited or can take any other value which is less than the Fair Value if the same is duly certified by the Chartered Accountant of the trading members.
Please Visit - http://bhavikkshah.blogspot.in/
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ReplyDeleteNice Information! I personally really appreciate your article. This is a great website. I will make sure that I stop back again!.
ReplyDelete