25 February 2012

MCX IPO: How many shares should retail category expect to get?

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MCX IPO: How many shares should retail category expect to get?









Here is rough calculation:
while retail category oversubscribe 24.14 x
employee only 0.18x
In the end they both will be merged.

Total over subscription will be 21.65x

As oversubscriton is so high, so price bid will NOT get any share. Only investor applying at cut-of (Rs 1,032) will get share.


Excluding price bid and merging retail and employee portion, over subscription is 19.17x.


For a FULL application of Rs 2,00,000 (2 Lacs)
Investor would have applied for 192 shares (32 lots of 6 shares) = Rs 1,98,144


They should expect 10 shares each





Total Issue Size5500772
Total Bids Received297741144
Total Bids Received at Cut-off Price46236876
No. of times issue is subscribed54.1




MULTI COMMODITY EXCHANGE
Sr.No.CategoryNo.of shares offered/reservedNo. of shares bid forNo. of times of total meant for the category
1Qualified Institutional Buyers (QIBs)216208310619293249.12
1(a)Foreign Institutional Investors (FIIs)43593366
1(b)Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)51320550
1(c)Mutual Funds7818888
1(d)Others3460128
2Non Institutional Investors926607139313544150.35
2(a)Corporates73526028
2(b)Individuals (Other than RIIs)64728672
2(c)Others1058844
3Retail Individual Investors (RIIs)21620825219063424.14
3(a)Cut Off46194600
3(b)Price Bids5996034
4Employees250000440340.18
4(a)Cut Off42276
4(b)Price Bids1758
Updated as on 24 FEB 2012 at 2030 hrs


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