Crisil Assigns 5 out of 5 for MCX IPO

CRISIL has come out with a research report on Multi-Commodity Exchange of India’s IPO and the rating agency has assigned 5/5 to the IPO. MCX IPO Grade of 5 is the best of its class and no other IPO in recent times has received the full 5 out of 5 which indicates that the MCX IPO fundamentals are very good and investors can surely apply for the issue.

MCX proposes an IPO of 10 million equity shares with the promoters selling 4 million shares and a fresh issue of 6 million shares. Subsequent to the IPO, the promoters’ stake in the company will reduce to 26.1 per cent. MCX IPO dates are not yet known and will be announced shortly.