Shares of MCX , India's largest commodity exchange, will debut on the bourses on Friday, after having got an overwhelming response
to its initial public offering priced at Rs 1032 a share. Going by
the prices being quoted in the grey market, brokers expect the stock to
list between Rs 1350-1400.
In the process, MCX will also become the first new listing to be
subject to the recently introduced price discovery mechanism through a
call auction in the first hour of trade. Based on the price arrived at
through the call auction between...