The initial public offering of Multi Commodity Exchange (MCX) will open on February 22 and close on February 24, said sources. The commodity exchange has received regulatory approval for the launch of its initial public offering.
This is the first ever IPO by an exchange in the country. While the price band for the IPO is yet to be announced, sources say that the IPO size could be around Rs 650-750 crore. MCX, in the RHP filed with the regulator, has stated that a total of 64.27 lakh shares would be on offer, of which around 2.5 lakh would be reserved for the employees.
This could also be the first IPO for the year.