Stock gains over 25% MCX listed on the BSE where it had a listing ceremony and also was traded on the NSE under the “permitted to trade” category. This effectively means that the company is not required to pay any listing fees to the exchange nor does it need to be compliant to the [...]
Archive for the ‘IPO’ Category
Multi Commodity Exchange of India IPO: Great Debut Stock discovered price 1387
March 9th, 2012
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Multi Commodity Exchange of India Limited (MCX) made its debut today on the BSE. The discovered price derived after 45 minutes of order matching saw the price being discovered at Rs 1,387. The traded volume at this discovered price was just under 2 lac shares. The discovered price is done only at the designated exchange [...]
ONGC: Offer for Sale turns out to be a fiasco
March 2nd, 2012
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Issue subscribed by friendly investors to the extent of 98.27% in last ten minutes ONGC which was expected to be the big ticket divestment turned out to be a big dampener. The issue which was for 5% of the company’s equity was an offer for sale by the largest shareholder the Government of India. The [...]
