Indian market flying: MCX IPO demand bid proves point
Multi Commodity Exchange of India (MCX) is likely to price its initial public offering at the top end of its price range on Friday, in line with the pricing of the anchor order book on Tuesday.
The deal has received an overwhelming response from investors so far the anchor book was more than 20 times covered and points to a resurgence in demand for, and positivity towards, Indian stocks this year.
Shares in the general offer are likely to price at Rs1,032 ($21)
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