The initial public offer (IPO) of the Multi Commodity Exchange (MCX) has brought the buzz back into the country’s primary equity issuance market. The MCX issue has clearly caught the fancy of retail and high net-worth individual (HNI) investors — the IPO was over bid 54.10 times till 6pm on Friday, the last subscription day of the issue.MCX, which was offering a little over 5.5 million shares through the book building route, received bids for nearly 300 million shares in three days. Till 6pm, category-wise retail investor portion was subscribed 23.8 times, while the non-institutional or HNI category was subscribed 150.35 times and the qualified institutional investor portion was over bid 49.12 times.
Source: Business Standard
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