MCX, the largest future commodity exchange in India was incorporated in the year 2003 with the aim of providing fully electronic online trading platform. FTIL (Financial Technologies (India) Ltd), has gained permanent recognition to facilitate online trading, and clearing and settlement operations for commodity futures across the country.
MCX holds a market share of around 80% allowing sector trading in more than 50 commodities like, bullions, metals, weather, energy, agricultural products, etc. It’s world’s largest exchange in Silver, Gold, Copper and Natural Gas and in Crude Oil futures respectively with respect to the number of futures contracts traded. MCX has gained ISO Certification and has been considered as the sixth largest exchange in the world. MCX is having more than 2000 registered members working from around 1, 80,000 different trading terminals, across India.
Important Details on MCX IPO :-
ISSUE OPENS: Proposed
ISSUE CLOSES: TBD (To Be determined)
ISSUE PRICE: TBD
ISSUE SIZE: Rs. Rs 700- 750 Crores
Issue type: 100%book built issue IPO
The best part for investors is, MCX is coming up with its IPO very soon. CRISIL (Credit rating and Information Services of India Ltd) has assigned an IPO Grade of 5 to MCX IPO indicating an above average fundamental of the company. So keep checking the space for more updates on MCX IPO to be published soon.
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