Multi Commodity Exchange on Monday fixed the offer price of its initial public offer at Rs 1,032 a equity share of face value Rs 10 each. The company's board fixed the offer price at the higher-end of the price band (Rs 860 to Rs 1,032) through a price discovery process based on the bids received, said the exchange in a press release.
The issue was oversubscribed by 54 times with the retail portion being oversubscribed 24.14 times, while qualified institutional buyers and non institutional investors portions were also oversubscribed by 49.12 and 150.35 times, respectively. It collected Rs 35,000 crore from investors. MCX proposes to list these shares on BSE.
MCX offered 6,427,378 equity shares for sale, which constituted 12.6 per cent of the post offer paid-up equity share capital of Rs 51 crore.