Feb 16, 2012, 11.18 PM IST | Source: CNBC-TV18

MCX gets set for its IPO

There's finally some action on the IPO front in 2012. Multi commodity exchange has set the price band for its public offering at Rs 860- Rs1032 a share.

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There's finally some action on the IPO front in 2012. Multi commodity exchange has set the price band for its public offering at Rs 860- Rs1032 a share.

The exchange could raise Rs 663 crore at the upper end of the price band. The commodity exchange's issue will open for  subscription on February 22 and close on February 24, reports CNBC-TV18.

The offer does not consist of any fresh issue, but existing shareholders-- including financial technologies and State Bank of India will offload their stake in the company.

Jignesh Shah, Vice Chairman, MCX says, "Management has an open mind and we have always said, you know that some of the companies are already listed. Same promoter  group companies are listed so there is absolutely no issue. At the right time it will just happen."

 

READ MORE ON  Multi commodity exchange, MCX, IPO
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