February 27, 2012 10:25 pm | Updated 10:25 pm IST - NEW DELHI:
Commodity exchange MCX has fixed the price of its initial public offering (IPO) at the upper end of the band at Rs.1,032 a share, raising about Rs.663 crore through the IPO.
Drawing a huge investor response, the IPO was over-subscribed more than 54 times, attracting bids of about Rs.36,000 crore.
“The offer price is fixed at Rs.1,032 per equity share of face value of Rs.10 each. The offer price is 103.2 times of the face value,” MCX said in a public announcement on Monday.
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