MCX to revive IPO plans; may soon file fresh prospectus

Multi-Commodity Exchange (MCX), is expected to be reviving the initial public offer (IPO) and may soon approach the SEBI. The MCX had put on hold its IPO plan within a year back.

The promoter of MCX, Jignesh Shah-led Financial Technologies (FTIL), is supposed to have sounded out some investment bankers and brokers in recent times about the possibility of reviving plans for the IPO, according to the market sources.

As per company policy, we do not respond to day to day market news and rumours. We also do not do selective disclosures, a company spokesperson said in an emailed statement.

At the time of achieving the milestone we report it to stock exchanges so that the information regarding development is uniformly distributed to all stakeholders, he added.

There are also speculations that the IPO revival plans could be due to pressure from some investors such as Citigroup and Fidelity, who wanted to exit after MCX's listing.

Source: Asian CERC