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.
Source: The Hindu Business Line
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