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Last Updated : Feb 22, 2012 04:30 PM IST | Source: Moneycontrol.com

IPO Scan: Multi Commodity Exchange of India

Crisil's "five on five" rating for MCX IPO makes mockery of IPO grading. If the price band was not available at the time of grading as Crisil claims, how could it assign the highest rating for the IPO?

 
 
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VS Fernando

Crisil's "five on five" rating for MCX IPO makes mockery of IPO grading. If the price band was not available at the time of grading as Crisil claims, how could it assign the highest rating for the IPO?

OFFER AT A GLANCE

Name

Multi Commodity Exchange of India Ltd

Offer Quantity

64,27,378 shares of Rs 10 each

% on Total Equity

12.6%

Offer Price

Rs 860 to Rs 1032

Offer Amount

Rs 552.75 cr to Rs 663.31 cr

Application Quantity

6 & Multiples of 6

Offer Opens

February 22, 2012

Bid/Offer Closes

February 24, 2012

Rated By

CRISIL

Rating

5 out of 5

Lead Managers

Edelweiss, Citigroup & Morgan Stanley

Registrars

Karvy Computershare

 

 

 

 

 

 

 

 

The Offer

The present offer (64.27 lakh shares) is not a fresh issue from the company but an `offer for sale

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First Published on Feb 21, 2012 08:30 pm
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