Mumbai, Feb. 24: The initial public offer of MCX ' the country's top commodity bourse ' was subscribed 54 times today, attracting bids worth about Rs 36,000 crore.
The response was strong among all the three categories of investors ' retail, institutional and high net worth.
The first public offer by an Indian exchange has also emerged as the most successful IPO in about four years.
In terms of demand from retail investors, the IPO is believed to have surpassed all previous records, as the shares reserved for this category was subscribed nearly 24 times ' higher than any public offer so far.
The IPO reached the highest oversubscription level since the public offer of Anil Ambani group's Reliance Power in January 2008, which was subscribed nearly 73 times.
So far, the initial offer of Mundra Port and SEZ in November 2007 is the most subscribed IPO at 115 times.
MCX is probably the third most oversubscribed offer in the history of the Indian capital markets.
The oversubscription level in the retail segment was, however, lower at about 14 per cent in both RPower and Mundra Port.
In the HNI (high net worth individual) segment, the demand for MCX offer at 150 times is only next to RPower's 190 times.
The portion reserved for institutional investors got subscribed 50 times.
The last highly successful IPO was of Coal India in October 2010, which got subscribed 15 times.
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