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Issue Open Date
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22-Feb-12
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Issue Closing Date
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24-Feb-12
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Application Money
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100
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Allotment Money
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Price Band
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860
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1032
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Minimium Application No.
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6
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Issue Size (Shares)
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5500772
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Market Lot
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1
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Objective
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The objects of the Offer are to achieve the benefits of listing on the Stock Exchange and to carry out the sale of 6,427,378 Equity Shares by the Selling Shareholders. The listing of the Equity Shares will enhance our brand name and provide liquidity to the existing shareholders. Listing will also provide a public market for the Equity Shares in India.
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Category
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No. of Shares
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No. of Shares
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Subscription Ratio
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Offered / Reserved |
Bid For |
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Non-Institutional Investors
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926607
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139313544
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150.348037517524
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Qualified Institutional Buyers
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2162083
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106192932
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49.1160293106231
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Retail Individual Investors
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2162082
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52190634
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24.1390631807674
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Business Description
We are an independent, de-mutualized association with permanent recognition from the Government ofIndia to facilitate nationwide online trading, clearing and settlement operations of commodities futurestransactions. The total value of contracts traded on our exchange between April 1, 2006 to March 31, 2007was approximately Rs. 22,937,239 million. According to data maintained by the FMC, this amountrepresented approximately 62.38% of the market share of the Indian commodities futures industry in termsof the value of commodities traded in futures markets during that period. During April 1, 2007 to December31, 2007, the total value of contracts traded on our exchange was Rs. 20,584,937 million. This amountrepresented approximately 75.77% of the market share of the Indian commodities futures industry in termsof the value of commodities traded in futures markets during that period. The total value of contracts tradedon all commodities exchanges in India between April 1, 2006 and March 31, 2007, and between April 1,2007 and December 31, 2007 were Rs. 36,769,267 million and Rs. 27,169,011 million respectively.(Source: FMC data)We focus on offering futures trading in commodities which are significant in the Indian and global contextand which are traded on international exchanges. As of December 31, 2007, we offered futures trading in 55commodities, defined in terms of contract specification, from various market segments including bullion,energy, ferrous and non-ferrous metals, oils and oil seeds, cereals, pulses, plantations, spices, plastics andfibers. (Different types of contracts with the same underlying physical asset such as Gold, Gold Mini andGold HNI are treated separately as three different commodities for the purpose of computing the totalnumber of commodities). Comparing the trading volumes of our Exchange for the calendar year 2007 withthe top ten commodity derivatives exchanges in the world, we are the largest silver exchange, the secondlargest natural gas exchange, the third largest gold exchange the third largest crude oil exchange and thethird largest copper exchange in terms of the number of contracts traded for each of these commodities forthe period from January 1, 2007 to December 31, 2007. (Source: based on trading volume data of suchexchanges for the calendar year 2007 as published in the respective website of such exchanges). As per FIAOutlook 08 report, MCX Copper Futures ranked 23rd among Top 25 commodities Futures and Optionscontracts by volume for the period January to December 2007 with growth rate of 278.35% comparing withthe corresponding period January to December 2006.We strive to be at the forefront of developments in the commodities future industry in India. We were thefirst commodity futures exchange in India to offer trading in steel futures, and the first in India to launchfutures trading in crude oil. (Source: Based on data sourced from the websites of the individual exchanges).We have formed strategic alliances with international exchanges to introduce new types of futures contractsin India, such as contracts based on ocean freight rates, in anticipation of changes in government regulationspermitting the trading of intangibles in India, which may be introduced in the future. We were the firstexchange in India to initiate evening sessions to coincide our trading with trading on exchanges in London,New York and other international markets. (Source: Based on data sourced from the websites of theindividual exchanges). We are certified under ISO 9001:2000 Quality Standards with respect to developingderivatives trading in India and providing services for online trading, clearing, settlement, and riskmanagement systems. We have achieved the ISO/IEC 27001:2005 certification, which is the globalbenchmark of an information security management system. We also launched the carbon credit contracts(ECX CFI Mini) in January 2008
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Promoter's Holding
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Total Share Capital
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42525898
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Offered to Public
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6427378
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Promoter's Holding (Pre-Issue)
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31.18
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Promoter's Holding (Post-Issue)
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26
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Address |
102 A
Landmark
Suren Road
Chakala
Andheri (East)
Mumbai,
Maharashtra,
400093
Phone : 91-022-67318888
Email : mcxofs@mcxindia.com
Website : www.mcxindia.com
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Registrar |
Karvy Computershare Pvt Ltd
105-108
Arunachal Building
19
Barakhamba Road
New Delhi
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Listed at |
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BSE, NSE
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Lead Manager |
Citigroup Global Markets India Pvt Ltd.
Edelweiss Capital Ltd
Morgan Stanley India Co Pvt Ltd
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Promoters |
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Financial Technologies (India) Ltd.
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