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.
- 1 IEX IPO
- 2 Indian Energy Exchange (IEX) IPO, Price, Date, Subscription, Allotment, GMP, Grey Market, Listing Date
- 2.1 Indian Energy Exchange IPO Price Band
- 2.2 Indian Energy Exchange Limited IPO Date
- 2.3 Indian Energy Exchange IPO Allotment Status
- 2.4 Indian Energy Exchange IEX Listing Date
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.
- Electricity contracts in blocks of 15 minutes in the day-ahead-market (the “DAM”).
- 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”).
- 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
Grey Market Price, Rates, GMP Premium
|10 October 2017||—-||Rs. 350||–|
Indian Energy Exchange (IEX) IPO, Price, Date, Subscription, Allotment, GMP, Grey Market, Listing Date
|Name||Indian Energy Exchange Ltd (IEX)|
|Open Date||09 October 2017|
|Close Date||11 October 2017|
|Allotment Date||16 October 2017|
|Refund Date||16 October 2017|
|Listing Date||23 October 2017|
|Issue Price||Rs. 1645 – Rs. 1650 Per Equity Share|
|Lot Size||09 Shares|
|Minimum Order Quantity||09 Shares|
|Issue Type||Book Built Issue IPO|
|Issue Size||6,065,009 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|
|Registrar||Karvy Computer Share Private Limited|
|Registrar Email||[email protected]|
|Investor Grievance||[email protected]|
|Registrar Phone||+91 40 6716 2222|
|Listing at||NSE / BSE|
IEX IPO Daily Subscription Figures
|Category||SHARES OFFERED||09 October 2017||10 October 2017||11 October 2017|
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.
|DATE||TOTAL ASSETS||TOTAL REVENUE||PROFIT AFTER TAX|
|31 March 2017||Rs. 5,517.14||Rs. 2,374.23||Rs. 1,135.65|
|31 March 2016||Rs. 4,237.55||Rs. 2,001.40||Rs. 1,003.40|
|31 March 2015||Rs. 4,057.37||Rs. 1,763.78||Rs. 900.18|
|31 March 2014||Rs. 3,688.67||Rs. 1,739.90||Rs. 919.45|
|31 March 2013||Rs. 2,822.16||Rs. 1,383.65||Rs. 662.96|
|**(All Figures in Rs. million)|
Axis Bank Limited, IIFL Holdings Limited, and Kotak Mahindra Capital Company Limited are managing the share sale of Indian Energy Exchange.
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
Update: The shares of IEX IPO will list on 23 October 2017. The listing of the shares of the company will be done on or around 23 October 2017. All listing related information will be updated here.
Listing Day Figures (23rd October 2017)
|NSE (IEX)||BSE (540750)|
|IPO Price||Rs. 1650||Rs. 1650|
|Open||Rs. 1500||Rs. 1500|
|High||Rs. 1660||Rs. 1658|
|Low||Rs. 1500||Rs. 1500|
|Close||Rs. 1629.15||Rs. 1626.45|
|Difference||Down Rs. 20.85 (-1.26%)||Down Rs. -23.55 (-1.43%)|