New Delhi

The Initial Public Offer of top commodity exchange MCX was subscribed 91 per cent on its first day on Wednesday, as the first- ever IPO by an Indian bourse witnessed robust demand from retail as well as institutional investors.

The shares reserved for retail investors got oversubscribed 1.5 times on the first day itself, with bids worth an estimated over Rs 300 crore. Besides, the portion reserved for institutional investors was subscribed 74 per cent with bids worth about Rs 150 crore.

The IPO, which is estimated to raise about Rs 663 crore and has already seen 'anchor investors'being allocated shares worth about Rs 100 crore, got total bids worth about Rs 500 crore, while bidding would continue for another two days.