MCX issue: Applying for more shares will ensure allotment

Updated - November 14, 2017 at 03:44 PM.

Retail investors who had applied for 126 to 192 shares stood a certain chance of allotment of shares in the MCX public issue.

Each successful allottee would get between six and eight shares. This is according to “basis of allocation” released by MCX on Wednesday.

Those who had applied for just six shares had one in a thirteen chance of obtaining allotment of six shares. Eleven out of every 13 applicants for 120 shares would also be allotted six shares.

The Multi Commodities Exchange (MCX) will get listed on March 9 on the BSE. It will become India's first exchange to be listed.

Its IPO which closed on February 24 managed to raise nearly Rs 35,000 crore. The issue was subscribed 54 times. The price of the issue had been fixed at Rs 1032 a equity share, which was the upper limit of the price band.

priya.s@thehindu.co.in

Published on March 7, 2012 16:48