SEBI has approved IPO from commodity exchange MCX. If it gets listed, it will become the first Indian bourse to do so. Unlike two earlier attempts in 2006 and 2008, the exchange, this time is making an offer for sale to provide an exit route to existing shareholders like SBI, Corporation Bank and Bank of Baroda, which will offload their combined equity of 4.8%. The IPO will enable promoter Financial Technologies to cut its stake by 5% to meet FMC norms of 26% stake.