Multi Commodity Exchange (MCX),
India's largest commodity bourse , raised about Rs 95.6 crore from 12 cornerstone investors
ahead of its initial public offering (IPO) which opens on Wednesday aiming to raise as much as $134 million.
MCX has finalised allocation of 9,26,606 shares to anchor investors
at Rs 1,032 a share, the top end of the price band it has fixed for the public offering, it said in exchange filings late on Tuesday.
MUST READ: How to pick the best IPO to invest in The anchor investors that bought shares in the pre-IPO sale include BlackRock Global Funds, Deutsche Securities, Kuwait Investment Authority Fund, Credit Suisse, ICICI Prudential Mutual Fund and Tata AIG Life Insurance.
The bidding for shares in the IPO - the first in 2012 - will open on Wednesday and close on February 24.
The price band of the IPO has been fixed in the range of Rs 860 to Rs 1,032 per share, with a face value of Rs 10 each.
MUST READ: Check grades before investing in IPOs Based on the upper end of the price band, the IPO could raise up to Rs 663 crore. Pursuant to the IPO, MCX shares would be listed on the Bombay Stock Exchange.
Morgan Stanley, Citigroup and India's Edelweiss Capital are the bookrunners for the share sale.
With inputs from agencies
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.
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