MCX allots shares worth Rs 96 cr to anchor investors

Besides, domestic entities like Tata AIG Life, Canara HSBC Oriental Bank of Commerce Life Insurance, ICICI Prudential, Birla Sunlife and Sundaram Mutual Fund also figured among the 12 Anchor Investors for MCX IPO.

Under the Anchor Investors portion of the public issue, a total of 9,26,606 equity shares were subscribed today by these investors at a price of 1032 a piece, the top end of the price band of Rs 860-1032 for the IPO.

Sources said that the portion reserved for the anchor investors was oversubscribed multiple times and bids worth thousands of crores of rupees were received for these shares.

MCX will hit the capital market tomorrow with an estimated Rs 663 crore initial public offer (IPO), pursuant to with it would become the country’s first ever exchange to get listed.

The bidding for shares in the IPO — the first in the year 2012 — will open tomorrow and close on February 24, when the public shareholders would be able to bid for the shares.

Sources said that the demand is robust for the shares, as gauged from the huge premium being commanded by them in the grey market.

The IPO has also received favourable comments from various brokerage firms and equity research entities, while a robust demand was seen from anchor investors as well.

The total number of shares available under the Anchor Investor portion was 9,26,606 equity shares and their allocation was finalised by the IPO Committee of the MCX’s board at a meeting this evening.

Out of the total Anchor Investors portion shares, Wellignton Management Company, Blackrock Global Funds and Kuwait Investment Authority were allocated 10.29 per cent each, while Deutsche Securities, Tata AIG Life, Canara HSBC OBC Life, Acacia Conservation Funfd and GMO Emerging Domestic Opportunities Fund got 5.39 per cent each.

Besides, ICICI Prudential Mutual Fund and Birla Sun Life got 10.46 per cent and Credit Suisse 10.78 per cent.

Four different schemes of Sundaram Mutual Fund were also together allocated 10.46 per cent shares of the Anchor Investors portion.