Mumbai: Private Equity-backed Multi Commodity Exchange of India (MCX) has raised  95.62 crore in pre-IPO share sale from 12 anchor investors. The fund was raised by issuing 9.26 lakh shares at 1.032 per share.

The anchor investors for this round of funding were Wellington Management Company, Tata AIG Life Insurance, Blackrock Global Funds, Canara HSBC Oriental Bank of Commerce Life Insurance Company, Deutsche Securities, ICICI Prudential Mutual Fund, Acacia Conservation Fund LP, Kuwait Investment  Authority Fund, Sundaram Mutual Fund, Birla Sun Life Trustee Company, GMO Emerging Domestic Opportunities Fund and Credit Suisse (Singapore).

This is the biggest IPO since L&T Finance Holdings raised over 1,200 crore in its maiden public float last year and the first ever IPO by an Indian exchange. Headquartered in Mumbai, MCX is a state-of-the-art electronic commodity futures exchange and was founded in 2003. MCX has also set up in joint venture the MCX Stock Exchange.  

The company offers more than 40 commodities across various segments such as bullion, ferrous and non-ferrous metals, energy and a number of agri-commodities on its platform. The company is promoted by FTIL. It was one of the first exchanges in India to initiate evening sessions to synchronise with trading hours of global exchanges.