MCX may list on NSE too (Moneycontrol)

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Multi Commodity Exchange of India (MCX) may also list its equity shares on the National Stock Exchange today with symbol - MCX.

Earlier it had received in-principle approval only from the BSE for listing of equity shares.

Normal trading session for MCX' shares will begin after 10 am. This is the first time the street will be seeing the pre-opening session (for getting equilibrium price) between 9 am and 10 am for any IPO in the Indian market. SEBI has clearly mentioned that there will be a 20% circuit filter on the equilibrium price or in the issue price.

The issue price is fixed at Rs 1032 a share. IPO analysts are expecting the issue to list anywhere between Rs 1350 and Rs 1400. They don't see the stock falling below its issue price in future after looking at appetite from investors.

The company raised Rs 663 crore through the issue.