MCX

MCX - Valuation

·         MCX to come out with an IPO of 6.43 crore shares (or 12.6% of paidup capital)

·         Financial Technologies, currently has 31.18% in MCX, which will go down to 26% post MCX’s IPO.

·         MCX posted PAT of Rs 221 crores in FY10.

·         As per last PE deal, MCX (standalone) was valued at around Rs 4400 crores.

·         For Financial Technologies, it means per share value of Rs 291 on current stake of 31.18%.