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Monday, February 27, 2012

MCX IPO price fixed at Rs. 1032

As expected MCX IPO price fixed at the upper band of Rs. 1032. MCX IPO was subscribed  around 54 times with retail portion subscription of around 24 times.
So things are clear  every retail application at the most shall get 1 lot only (6 shares). Applications bidding for 32 lots shall have highest probability of securing shares. The probability of odd-allotment (8-9 shares) is remote.

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