Indian Energy Exchange Ltd IPO, Indian Energy Exchange IEX IPO Detail

By | October 9, 2017
Indian Energy Exchange Ltd IPO, Indian Energy Exchange IPO Details, IEX IPO, Indian Energy Exchange IPO Allotment Date, Indian Energy Exchange IPO Price, Indian Energy Exchange IPO Subscription, Review, GMP Rates, Grey Market Price and Premium, Financials and listing date information.
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Indian Energy Exchange Ltd said that it is planning to raise money from the markets. The company is going to open its initial public offering (IPO) on 09 October 2017. The company will raise Rs. 1,000 crore from the markets. Indian Energy Exchange which is India’s first exchange for trading in electricity and renewable certificates will issue 60.65 lakh shares for the investors. The issue of Indian Energy Exchange will close on 11 October 2017. Investors who want to apply for the IEX IPO must read this page, where we are going to add all information related to the IPO. Investors can also check the grey market price of Indian Energy Exchange Ltd IPO every day on this page.

The company has also decided the price band of the offer which is in range of Rs 1,645 – Rs 1,650. The October month is also looking busy for the IPO markets as three IPOs have already been declared. Apart from Indian Energy Exchange Ltd IPO, MAS Financial Services Ltd IPO and Godrej Agrovet Limited IPO is also coming this month. So, Investors need to check each and every details of these IPOs to invest properly and make some money.

The company is backed by private equity. Many private equity firms are going to exit from the company through this IPO. The company is backed by equity firms like AF Holdings, Aditya Birla Private Equity Trust, Multiples Private Equity, Golden Oak (Mauritius) Ltd and Tata Power Company etc. Reliance Infrastructure had sold 100% stake in the company in December 2016 now Tata Power Company will also totally exit through this IPO.

As you can understand now that the Indian Energy Exchange IPO is a pure offer for sale. Tata Power will sell its entire 1.25 million shares worth of Rs. 206 crores, Multiples Alternate Asset Management Pvt Ltd will sell 2.73 million shares for about Rs. 450 crores, while Aditya Birla Private Equity Trust will offload shares worth Rs. 84 crores. Other equity firms will collectively sell shares worth Rs. 250 crores.

So, if you want to possess more information about this IPO such as IEX IPO Allotment Status, Indian Energy Exchange IPO Subscription Figures, Price, Financials, Review, Ratings, Listing Date information etc. then you must check given space of our website, which will provide you all relevant information about this IPO.

IEX IPO

About the company: Indian Energy Exchange Ltd (IEX) is the largest exchange for the trading of a range of electricity products in India. It was incorporated in 2007. The company is based in New Delhi. It is one of two exchanges in India that offer an electronic platform for the trading of electricity products. Following electricity products are trading over the electronic trading platform of IEX.

  1. Electricity contracts in blocks of 15 minutes in the day-ahead-market (the “DAM”).
  2. Electricity contracts for fixed terms in the future, such as intra-day contracts, day ahead contingency contracts and contracts up to 11 days ahead, known as the term-ahead-market (the “TAM”).
  3. Renewable energy certificates (“RECs”).

IEX exchange is an online platform. The exchange is accessible to registered participants throughout India. It has  5,800 registered participants as of March 31 2017.  More than 3,500 participants were active in the same period.

Company Promotors: Company is managed professionally and it doesn’t have an identifiable promoter.

Objects of the Issue

  • Achieve the benefits of listing Equity Shares on the Stock Exchanges.
  • To enhance the “Indian Energy Exchange IEX” brand name.
  • To provide liquidity to the existing Shareholders by selling 6,065,009 Equity shares.

Note: IEX will not receive any proceeds from the Offer.

Grey Market Price, Rates, GMP Premium

DateGMPKostak RateSauda
10 October 2017—-Rs. 350

Indian Energy Exchange (IEX) IPO, Price, Date, Subscription, Allotment, GMP, Grey Market, Listing Date

NameIndian Energy Exchange Ltd (IEX)
Open Date09 October 2017
Close Date11 October 2017
Allotment Date16 October 2017
Refund Date16 October 2017
Listing Date
Issue PriceRs. 1645 – Rs. 1650 Per Equity Share
Lot Size09 Shares
Minimum Order Quantity09 Shares
Issue TypeBook Built Issue IPO
Issue Size6,065,009 Equity Shares of Rs 10 aggregating up to Rs 1,000.73 Crores,
››› Offer for Sale of 6,065,009 Equity Shares of Rs 10 aggregating up to Rs ---- Crores
Lead Manager Axis Bank Limited, IIFL Holdings Limited, Kotak Mahindra Capital Company Limited
RegistrarKarvy Computer Share Private Limited
Registrar Email[email protected]
Investor Grievance[email protected]
Registrar Websitewww.karvycomputershare.com
Registrar Phone+91 40 6716 2222
Listing atNSE / BSE
IPO Poll

Would you apply to Indian Energy Exchange (IEX) IPO?

  • Yes (69%, 612 Votes)
  • No (31%, 271 Votes)

Total Voters: 883

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IEX IPO Daily Subscription Figures

DATESHARES OFFERED09 October 201710 October 201711 October 2017
RII21227540.300.842.61
NII9097520.010.060.85
QIB12130020.010.012.56
Total42455080.150.432.28

Indian Energy Exchange IPO Price Band

The company has priced its shares in a range of Rs. 1,645 to Rs. 1,650 per share. At the upper end of the price band which is Rs. 1,650, the value of the firm will be Rs. 5,000 crore. The company is planning to raise Rs. 1,000 crores from markets by offering 60.65 lakh shares to the investors.

Indian Energy Exchange Limited IPO Date

The IEX IPO opens on 09 October 2017 and closes on 11 October 2017. The company has filed the draft papers (DRHP) with Sebi on 20 June 2017. The shares of Indian Energy Exchange Limited are proposed to be listed on the Bombay Stock Exchange and National Stock Exchange.

Financials

DATETOTAL ASSETSTOTAL REVENUEPROFIT AFTER TAX
31 March 2017Rs. 5,517.14Rs. 2,374.23Rs. 1,135.65
31 March 2016Rs. 4,237.55Rs. 2,001.40Rs. 1,003.40
31 March 2015Rs. 4,057.37Rs. 1,763.78Rs. 900.18
31 March 2014Rs. 3,688.67Rs. 1,739.90Rs. 919.45
31 March 2013Rs. 2,822.16Rs. 1,383.65Rs. 662.96
**(All Figures in Rs. million)

Lead Managers

Axis Bank Limited, IIFL Holdings Limited and Kotak Mahindra Capital Company Limited are managing the share sale of Indian Energy Exchange.

Registrar

The Indian Energy Exchange has chosen Karvy Computershare Private Limited as a registrar to the issue.

Indian Energy Exchange IPO Allotment Status

Investors will be able to check the allotment status of Indian Energy Exchange IPO on 16 October 2017. The allotment of IEX IPO can be seen on Karvy website and the direct link will be updated here for our readers.

Indian Energy Exchange IEX Listing Date

The listing of the shares of the company will be done on or around 18 to 19 October 2017. All listing related information will be updated here.

Indian Energy Exchange Limited Address

Adress
Registered Office and Corporate Office: Unit No. 3, 4, 5 and 6, Fourth Floor,
TDI Centre, Plot No. 7, District Centre,
Jasola, New Delhi 110 025

Telephone: (91 11) 4300 4000
Fax: (91 11) 4300 4015
E-mail: [email protected]
Website: www.iexindia.com

IPO Prospectus

Download DRHP with SEBI.

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