The initial public offering of Multi Commodity Exchange (MCX) was subscribed over 54 times as at 6 pm on Friday. The retail investor portion was subscribed 23 times as at 6 pm.
The Qualified Institutional Buyers portion was subscribed 49 times, while the non-institutional investors' (HNIs) portion got subscribed 150 times.
“The MCX IPO was priced at an index (BSE Sensex) level of 17,000. In the run-up to the Union Budget, the index is expected to gain.
“So, the IPO could offer good listing gains. In the long-run also the scrip may give good returns,” said an HNI investor
Approximately, bids worth Rs 35,000 crore were received for shares worth around Rs 660 crore during the period when the IPO was open for subscription.
The IPO opened on February 22 and closed on February 24.
Recent record
MCX is the first exchange in the country to come out with an IPO and has been deemed successful. The last IPO to get listed on the bourses was Indo Thai Securities, which is currently trading at 83 per cent below its listing price.
The last successful IPO to still trade above its listing price is Flexituff International. It is currently trading at Rs 235 per share, 50 per cent above its listing price