 "MCX IPO: How too much demand played spoilsport")
The allotment numbers for the MCX IPO have been released and the listing would take place on Friday. But with a 54 times over subscription it is fairly evident that making money would be difficult, unlike the Coal India offer.
If someone has applied for up to 120 shares, only 6 shares will be allotted; and that too not everyone will get the shares. Of every 13 people who have subscribed to the issue, the number of people who will actually get shares will range from 1 to 11 11 depending on the total number of shares subscribed for. For example, for subscription for six shares, one out of every 13 people will be issued shares. While for subscription of 120 shares, 11 people out of every 13 will be issued shares.
Those who applied for more than 120 shares will get seven to eight shares only. Too much demand seems to have played spoilsport in this much-awaited IPO. See chart below.
 "Gold and silver MCX futures rise by Rs 109 and Rs 115 on 13 July")
 "Coronavirus Outbreak: MCX turnover doubles to Rs 20,000 cr on restoration of regular trading hours; income to rise after return to normalcy")
 "BSE brings negative price feature for commodity derivatives segment after recent development in crude oil futures")
 "Crude oil futures plunges into negative, but MCX seeks interim settlement at Re 1; SEBI gets into action")
 "Gold and silver MCX futures rise by Rs 109 and Rs 115 on 13 July")
 "Coronavirus Outbreak: MCX turnover doubles to Rs 20,000 cr on restoration of regular trading hours; income to rise after return to normalcy")
 "BSE brings negative price feature for commodity derivatives segment after recent development in crude oil futures")
 "Crude oil futures plunges into negative, but MCX seeks interim settlement at Re 1; SEBI gets into action")